alt Hacker NewsI find it nearly incomprehensible that so much oil exists. That's ~7k Olympic swimming pools of oil every day. This has been going on for decades.
I find it nearly incomprehensible that so much oil exists. That's ~7k Olympic swimming pools of oil every day. This has been going on for decades.
It still blows my mind to this day. Every time I "purchase" a ship full of crude it blows my mind the level of infrastructure to make it happen. Maybe I'll load an Aframax full of 500kbbl or issue my crude buy plan in km3. I always try and look up the ships and track the vessel movements and sea conditions bc there are teams of people on those ships working them. Meanwhile I just picked up the phone and made it happen... with like $40m bucks. It is a wild thing that never becomes normal.
Just think about a what a km3 of oil would look like. It is nuts. then realize that we buy and sell in 10,000m3 pipe batches with plenty of liquidity.