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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Replying to @Meaningness
That seems like a lot, yes. OTOH, for a world population of 7.4 billion, works out to (coincidentally) 7.4 gallons/person. Is that a lot?
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Replying to @Meaningness
Okay, now assume the amount of vehicle fuel that can be made from 7.4 gallons is less still...
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Replying to @emusdrinking
Yes; it doesn’t seem like a ridiculously large amount
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Replying to @Meaningness
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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Replying to @emusdrinking
Sure, all good questions. I was just curious to visualize what 3.1 bn bbl means. No agenda beyond that!
6:34 PM - 11 Aug 2016
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