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Its weird that country like India has storage capacity of only 40 days. Even if they wanted to store an year worth of cheap oil, they can't.
by mkagenius 7y ago
Its weird that country like India has storage capacity of only 40 days. Even if they wanted to store an year worth of cheap oil, they can't.
- hangonhn 7y agoThe US only has capacity for 30ish days... but at US consumption rates.
- _jal 7y agoKind of. It is around 30 days now, but it can't be emptied that fast - I think it takes something like 4 months to draw down the full capacity.
- WrtCdEvrydy 7y agoThink about it, you have a resource that powers the world... why would you need to store it?
- mkagenius 7y agoFor days like todays, it would have saved them $60B, you don't get cheap oil so easily