alt Hacker News> ‘Months of US supply’ == large portions of the world GDP.
The world's yearly GDP is around $120T a year. 1 billion barrels at $50 per barrel is around 0.04% of that.
> ‘Months of US supply’ == large portions of the world GDP.
The world's yearly GDP is around $120T a year. 1 billion barrels at $50 per barrel is around 0.04% of that.
lol, $50 bbl, and no counting knock on economic activity or price effects? Sure.