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Crude oil is unbelievably toxic. Tracy Alloway, executive editor at Bloomberg Markets tried to buy a barrel of oil and found out that the rules for storage are
by SCAQTony 8y ago
Crude oil is unbelievably toxic. Tracy Alloway, executive editor at Bloomberg Markets tried to buy a barrel of oil and found out that the rules for storage are robust, to say the least. (Hydrogen sulfides etc.)
https://www.bloomberg.com/news/articles/2015-11-03/that-time-i-tried-to-buy-some-crude-oil https://www.bloomberg.com/news/articles/2015-11-03/that-time...
If the Russian cryptocurrency was backed by gold, silver platinum, or even rubbles, a cryptocurrency commoner could easily take delivery if they decided to "cash out." The only user that could take delivery of Russian crude would be refineries.