European Tribune - Comments - European Salon de News, Discussion et Klatsch

European Salon de News, Discussion et Klatsch - 8 July | 78 comments (78 topical, editorial, 0 hidden)

8 months at 2mb/d is 500 million barrels of oil (or 70 million tons) - or 240 of the supertankers mentioned (rather than the 67 mentioned in the article).

Cushing, the place where the WTI is quoted, only has roughly 30mb/d of storage (and it's been full for quite a bit of time). The US Strategic Reserve has about 700 million barrels.

In the long run, we're all dead. John Maynard Keynes

by Jerome a Paris (etg@eurotrib.com) on Wed Jul 8th, 2009 at 03:54:34 AM EST
[ Parent ]

Re: Let's see (none / 1)

Just in time to rescue the US car industry.

by ThatBritGuy (thatbritguy (at) googlemail.com) on Wed Jul 8th, 2009 at 05:22:57 AM EST
[ Parent ]

Re: Let's see (none / 0)

I thought the article might draw some comment.

As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."

by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Wed Jul 8th, 2009 at 10:38:11 AM EST
[ Parent ]

European Salon de News, Discussion et Klatsch - 8 July | 78 comments (78 topical, 0 editorial, 0 hidden)

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