Falling Oil Price, Record Oil Production, Empty Tankers  

Readers with good memories might remember this post on large amounts of Iranian oil stored in tankers in the Persian Gulf.

While the falling oil price in recent weeks has taken attention away from peak oil once again (exacerbated by a new production record [pdf]), I thought this snippet from Bloomberg was interesting - Iran Sells All Oil Held in Floating Storage Tanks, Shana Says.

Iran sold all the crude it held in floating storage tanks, Shana reported, citing Ali Asghar Arshi, manager for international affairs at the National Iranian Oil Co.

Arshi said oil stockpiles built up as refineries underwent seasonal maintenance work and were sold at a higher price as crude rose in recent months, the state-run news agency reported.