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Physics would argue otherwise.
by ethbro 6y ago
Physics would argue otherwise.
- recursive 6y agoAnd what would that argument be?
- turbinerneiter 6y agoI think gas goes bad after some months, not sure if crude degrades as well.
- tantalor 6y agoIt's been buried for 100 million years, I don't think a few months is going to do anything.
- bb611 6y agoGasoline and other petroleum derivatives are not a stable as their underlying source. However consumer gas will last a few years with proper care and storage, the real issue will be when appropriate storage runs out.
- NikolaeVarius 6y agoParent specifically noted crude
- onlyrealcuzzo 6y agoSo what happens if you have gas in your car and don't drive it for 4 months???
- bradstewart 6y agoThere's a decent chance your car won't start. The gasoline in the tank is probably fine, but the gasoline in the fuel lines and so forth has likely turned in useless gunk.
- FartyMcFarter 6y agoProbably buried in a very different environment?
- nogabebop23 6y agoThe knock-on price is to refined gas, but when we talk price/storage of oil that's not ready to put in your car gasoline.
- deleted 6y ago[deleted]
- discordance 6y agoOil tankers are being used for storage: https://amp.theguardian.com/business/2020/apr/19/supertankers-drafted-in-to-store-glut-of-crude-oil-coronavirus https://amp.theguardian.com/business/2020/apr/19/supertanker...
- exothermic 6y agoFloating storage levels for crude are already double what they were a week ago [0] [0] https://uk.reuters.com/article/us-global-oil-tankers-storage/crude-oil-held-in-sea-storage-hits-new-record-at-160-million-bbls-sources-idUKKBN21Z2A2 https://uk.reuters.com/article/us-global-oil-tankers-storage...
- ccozan 6y agoand the prices of storage as well.[1] ( Article quite old, but argument stays ) [1] https://www.reuters.com/article/us-global-oil-shipping/oil-tanker-rates-double-as-demand-for-storage-and-transport-resurfaces-idUSKBN21H15Q https://www.reuters.com/article/us-global-oil-shipping/oil-t...
- tartoran 6y agoSure but those are limited as well, and their capacity would probably run out. Those tankers would have to basically be docked and not be able to transport anymore. And then?
- dredmorbius 6y agoThe point is that so long as there's weak demand, the oil's going nowhere, and the ships would be sitting regardless. Though otherwise agreed: capacity is rapidly being saturated, and this isn't much of a win for shipping companies either.
- dredmorbius 6y agoAnd the existing fleet is rapidly being saturated. Building new tankers to serve as floating storage is economically unfeasable (negative ROI), though repurposing idle fleet capacity is rational as a means to recover some variable costs. The activity doesn't make profit, rather, it slows losses.