Current global crude oil inventory is “a record 3.1 bn bl.” Is that a lot? Works out to a cube 790m on a side, or 0.49 miles on a side.
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But at what rate is the inventory increasing/decreasing, and what is the ratio of production/demand? Are low prices shutting ma
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Sure, all good questions. I was just curious to visualize what 3.1 bn bbl means. No agenda beyond that!
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I got to visualize a 1/2 mile^3 of crude out of the deal.
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Yeah, that’s pretty impressive!
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marginally producing facilities, and at what impact to the bond market in that sector?
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