01-28-2013, 01:54 PM
quote:
Originally posted by pahoated
quote:
Originally posted by Frank
slight correction...there are 42 gal. of oil in a bbl of crude, making the price go up a bit
Holy ****! That is imperial gallons. I was referring to American gallons.
As for the gas price in 2008, it was getting close to $5 per gallon, and was well over $5 on the west coast. It was like the final straw that broke the back of the economy. The demand plummeted, along with about $7 trillion of the US economy disappearing. If there are going to be some revisionists coming on here and claiming there was no recession, then I say FU.
BTW, Tesoro is almost twice the size of Chevron. The next question is where Pearl Harbor is getting their diesel, gas and kerosene. Carriers and subs are nuke but the entire rest of the fleet are huge oil burners, and not that concerned about mileage. It's funny how this news is being kept so low key, just like tourists being swept away with the undertow, when there must be huge scrambling going on with contracts and supply sources.
"It was a majority decision to descend into the Dark Ages. Don't worry, be happy, bang on da drum all day!"
taken from http://en.wikipedia.org/wiki/Barrel_%28unit%29
Oil barrel
Oil barrel, (abbreviation bbl): a legacy volume measure of 42 US gallons (34.9723 imp gal; 158.9873 L).[7] It can also mean 35 imperial gallons (42.0332 US gal; 159.1132 L). Commonly a barrel is regarded as 159 L volume.
See caveat below regarding considerations for conversion to metric units.
The standard oil barrel of 42 US gallons is used in the United States as a measure of crude oil and other petroleum products. Elsewhere, oil is commonly measured in cubic metres (m3) or in tonnes (t), with (metric) tonnes more often being used by European oil companies. International companies listed on American stock exchanges tend to express their oil-production volumes in barrels for global reporting purposes, and those listed on European exchanges tend to express their production in tonnes. There can be 6 to 8 barrels of oil in a ton, depending on density. For example: 256 US gallons [6.1 bbl] of heavy distillate per ton, 272 gallons [6.5 bbl] of crude oil per ton, and 333 gallons [7.9 bbl] of gasoline per ton.[8]