Will the Oil Glut Sink Exxon-Mobil (XOM)?

The world is facing an oil glut that could sink Exxon-Mobil (XOM) and its stock price. For example, Canada; the world’s 4th largest oil producer is pumping more crude than its pipelines can handle.

Canadian pipelines have a capacity of 3.95 billion barrels of oil a day but Canada is pumping 4.3 million barrels of crude a day, Oilprice.com reports. In fact, oil producers in Alberta are moving oil by train to bypass pipelines. Not surprisingly, the Canadian National Railway (NYSE: CN) is moving record amounts of petroleum.