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GOOD Point by my wife. Has anyone considered building enormous oil reserves and using it to smooth out prices? It seems like the wild swings in prices bring co
by bilsbie 4y ago
GOOD Point by my wife. Has anyone considered building enormous oil reserves and using it to smooth out prices? It seems like the wild swings in prices bring costs of their own.
- blhack 4y agohttps://en.wikipedia.org/wiki/Strategic_Petroleum_Reserve_(United_States) https://en.wikipedia.org/wiki/Strategic_Petroleum_Reserve_(U...
- JumpCrisscross 4y agoYou can buy gasoline futures if volatility is a concern.
- yostrovs 4y agoI feel you should have the option to buy gasoline futures at the gasoline station. Imagine buying X number of gallons at current prices and loading that onto a card. You can then pump those gallons from the same brand of gasoline at any time without worrying about the current price.
- bilsbie 4y agoGreat idea! Someone should apply to YC with that. Just bring one gas company on board to start. It could drive a ton of customer loyalty.
- xnxn 4y agoWe make our own at home by crushing olives with a rolling pin
- Finnucane 4y agohttps://www.sciencedirect.com/topics/engineering/oil-storage https://www.sciencedirect.com/topics/engineering/oil-storage
- dghlsakjg 4y agoThe US has already done this, and has been using it to combat oil price rises. Look into the Strategic Petroleum Reserve. It would seem that part of the problem is that we use such massive quantities of oil that it isn't easy enough to store enough to make much of a difference.