4 ms·
Paying market rates, prorated for purity, would be the best thing, actually. It's in the collectors' best interest to come up with efficient collection methods
by thwarted 16y ago
Paying market rates, prorated for purity, would be the best thing, actually. It's in the collectors' best interest to come up with efficient collection methods to increase the margin between the cost to collect and the payout.
It could be like a black gold, Texas tea, rush.
- eru 16y agoBut you can already get paid market rates. That's why they are called market rates. (Though maybe not at a scale of single-digit number of barrels.)
- thwarted 16y agoWell, that's the opportunity -- you can't sell crude oil to just anyone, and most likely no one will buy crude that these kinds of small scales, so a bunch of smaller sellers get locked out of the market. A refinery has the process and equipment, but not the crude. And the purchaser potentially pays less than market rates based on difficulty of preparing the crude for refining if it isn't as pure as market rate oil is (because it contains sand, water, other ocean debris). People with ideas on how to clean it up get a chance to try out their ideas, with a possible payout to boot, without having to wait for Big Oil to get around to trying them.