6 ms·

> ‘Months of US supply’ == large portions of the world GDP. The world's yearly GDP is around $120T a year. 1 billion barrels at $50 per barrel is around 0.04%

by cyberax 5mo ago

> ‘Months of US supply’ == large portions of the world GDP. The world's yearly GDP is around $120T a year. 1 billion barrels at $50 per barrel is around 0.04% of that.

lazide 5mo ago
lol, $50 bbl, and no counting knock on economic activity or price effects? Sure.
- cyberax 5mo ago
  Totally agree. We also need to deduct the cost of the eventual remediation and cleanup. And the cost of resettling people from the ghost towns once the oil runs out.