Oil Inventories On the Rise: Where’s the Shortage?

Since last September, Marathon’s inventory is up $500M, from $3.3B to $3.8B.

How can that be? Don’t they know there’s an oil shortage? Don’t they know OPEC can barely keep up with demand?
OPEC Spare Capacity Chart — SHOCKING (and from OPEC themselves)!

While inventory did draw down $300M in the post Katrina/Rita Q4 last year, it has risen $800M ($400M in Q1 and $400M in Q2) since then! Gosh that’s a lot of oil! Especially when you consider that the company “only” sold $18B of it last quarter. That’s a 2.5% sequential inventory build-up…

seekingalpha