[charliehelyes]

Oil is sold in barrels, so that is two components the actual barrel made of iron and oil. So lets say oil costs $80 and a barrel costs $20 that means oil costs $100 a barrel the price of iron has increased year on year this has led to the increase of the cost of a barrel of oil not just the oil price.

[gnm]

I can assure you that the holds of oil tankers are not stuffed with barrels....

While iron has gone up (it takes a lot of energy to produce) it is an insignificant portion of a "barrel" of oil's cost.

-G

[emersonbiggins]

AFAIK, "barrels" is the unit of measurement for oil, regardless of how its transported, the bulk of which is carried, in fact, by tankers and pipelines. The price of barrels has little to do with it, but the unit still remains an anachronistic throwback to the past.

[HEADER_RACK]

speachless......... just speachless

[charliehelyes]

im talking about barrels of oil not oil transported in other ways. It would be breach of contract if you bought 1000 barrels of oil and didnt get the barrels

[emersonbiggins]

$this->bbcode_second_pass_quote('charliehelyes', 'i')m talking about barrels of oil not oil transported in other ways. It would be breach of contract if you bought 1000 barrels of oil and didnt get the barrels

[HEADER_RACK]

It doesn't stop.....words escape me

[charliehelyes]

$this->bbcode_second_pass_quote('emersonbiggins', '')$this->bbcode_second_pass_quote('charliehelyes', 'i')m talking about barrels of oil not oil transported in other ways. It would be breach of contract if you bought 1000 barrels of oil and didnt get the barrels

[LoneSnark]

$this->bbcode_second_pass_quote('', 'i')m talking about barrels of oil not oil transported in other ways. It would be breach of contract if you bought 1000 barrels of oil and didnt get the barrels

[emersonbiggins]

You see, this is the problem we encounter when words have multiple definitions.

$this->bbcode_second_pass_quote('', 'b')ar·rel
–noun

1. a cylindrical wooden container with slightly bulging sides made of staves hooped together, and with flat, parallel ends.

2. the quantity that such a vessel of some standard size can hold: for most liquids, 311/2 U.S. gallons (119 L); for petroleum, 42 U.S. gallons (159 L); for dry materials, 105 U.S. dry quarts (115 L). Abbreviation: bbl

[charliehelyes]

come on you lot need to stop and think for a second i mean geez this is meant to be a forum of experts havent any of you seen a oil documentary what do you see loads of oil spilled on the ground in no container of actual real soild iron barrels of oil

[wisconsin_cur]

$this->bbcode_second_pass_quote('charliehelyes', 'i')m talking about barrels of oil not oil transported in other ways. It would be breach of contract if you bought 1000 barrels of oil and didnt get the barrels

[charliehelyes]

very funny so you are saying no oil is sold in barrels? so what are the barrels of oil you see on tv hanging around oil refineries scotch mist?

[dinopello]

Don't eat any cakes baked by charlie, it is likely to contain baked in cups and teaspoons that you might break your teeth on.

[charliehelyes]

for example when you buy a can of pepsi you pay for the can and pepsi when you pay for a barrel you pay for the barrel and the oil

[gnm]

$this->bbcode_second_pass_quote('charliehelyes', 'c')ome on you lot need to stop and think for a second i mean geez this is meant to be a forum of experts havent any of you seen a oil documentary what do you see loads of oil spilled on the ground in no container of actual real soild iron barrels of oil

[gnm]

$this->bbcode_second_pass_quote('charliehelyes', 'f')or example when you buy a can of pepsi you pay for the can and pepsi when you pay for a barrel you pay for the barrel and the oil

[charliehelyes]

so your saying packaging doesnt add to the price of a product?

[basil_hayden]

I nominate this thread as the most insightful for 2008.

[dhfenton]

Wow those metal barrels must become a real problem when they stuck in a pipeline.