The U.S. Coast Guard is monitoring a situation in which dozens of oil tanker vessels are floating around the Southern California coast as they wait to dock while the country wrestles with what to do with the current glut in crude.
Oil companies are storing excess supplies on giant vessels as the country and industry ponder how and where to offload the oil. There were 27 oil vessels churning up waters just off the Southwest Pacific coast Thursday, according to a press statement from the USCG.
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