Stock research: Canadian oil stocks

Here is the article.

Facts:

1. Current oil production is about 90 million barrels per day, but demand is only 75 million barrels per day.
2. The Energy Information Administration pegged total U.S. working storage capacity is at 653.4 million barrels. Net stocks held at refineries and tank farms was at about 323.5 million barrels as of the week ended April 10, taking up 57% of storage capacity.
3. “At the current rate of increase, storage in the U.S. would fill in 7 to 8 weeks,” 
4. While futures contracts expiring later this year are still trading as high as $30, if this supply/demand imbalance is not corrected their fate will be the same