PeakOil is You
real reason for high price of oil
30 posts
• Page 2 of 2 • 1, 2
Re: real reason for high price of oil
by dhfenton » Thu 03 Jan 2008, 16:11:35
Wow those metal barrels must become a real problem when they're stuck in a pipeline.
-
dhfenton - Peat
- Posts: 179
- Joined: Wed 23 Mar 2005, 04:00:00
- Location: Norwood, NY
Re: real reason for high price of oil
by gnm » Thu 03 Jan 2008, 16:12:43
When was the last time your utilities company delivered your power in a battery? Or your natural gas in a 80lb compressed tank?
Yes it can add to the cost of a consumer product which comes in packaging - Which would only apply to oil in those little plastic containers for dumping in your engine.
-G
Yes it can add to the cost of a consumer product which comes in packaging - Which would only apply to oil in those little plastic containers for dumping in your engine.
-G
- gnm
Re: real reason for high price of oil
by UncoveringTruths » Thu 03 Jan 2008, 16:13:52
$this->bbcode_second_pass_quote('charliehelyes', 's')o your saying packaging doesnt add to the price of a product?
$this->bbcode_second_pass_quote('', 'T')he measurement originated in the early Pennsylvania oil fields. In the early 1860s, when oil production began, there was no standard container for oil, so oil and petroleum products were stored and transported in barrels of all different shapes and sizes (barrels for beer, fish, molasses, turpentine, etc.). Both the 42-U.S.-gallon barrels (based on the old English wine measure, the tierce at 159 litres) and the 40-U.S.-gallon (151.4-litre) whiskey barrels were used. The 40-gallon whiskey barrel was the most common size used by early oil producers, since they were readily available at the time.
However, the Standard Oil Company shipped its oil in barrels that always contained 42 U.S. gallons, allowing an extra two gallons for evaporation and leakage. As Standard Oil came to monopolize 90% of U.S. oil production, customers began to refuse to accept anything less, and by 1866 the oil barrel was standardized at 42 U.S. gallons.
In 1911, the Standard Oil monopoly was broken up into 34 different companies, but its successor companies continued to grow and came to dominate the world oil trade. Oil has not been shipped in barrels for a long time[2] but the "blue barrel" is still the standard unit for measurement and pricing of oil in the U.S. today.
Barrel (unit)
There are for sure entities that require delivery in a 42 gallon barrel. However I would imagine that your theory would actually work in reverse in those situations where the buyer pays for the actual barrel for delivery purposes.
It's a cold cold world when a man has to pawn his shoes.
-
UncoveringTruths - Tar Sands
- Posts: 887
- Joined: Thu 04 Nov 2004, 04:00:00
Re: real reason for high price of oil
by charliehelyes » Thu 03 Jan 2008, 16:27:39
-
charliehelyes - Peat
- Posts: 86
- Joined: Sun 27 Mar 2005, 04:00:00
Re: real reason for high price of oil
by eXpat » Thu 03 Jan 2008, 16:30:16
$this->bbcode_second_pass_quote('charliehelyes', 's')o your saying packaging doesnt add to the price of a product?
You could use barrels or containers made of plastic, in that way all of it is petrol. Problem solved.
-
eXpat - Intermediate Crude
- Posts: 3801
- Joined: Thu 08 Jun 2006, 03:00:00
Re: real reason for high price of oil
by HEADER_RACK » Thu 03 Jan 2008, 16:32:50
YOU!!!!! OUT OF THE GENE POOL....NOW MISTER
Nothing is more dangerous than a man with nothing left to lose but has everything left to gain.
-
HEADER_RACK - Coal
- Posts: 452
- Joined: Thu 15 Feb 2007, 04:00:00
Re: real reason for high price of oil
by UncoveringTruths » Thu 03 Jan 2008, 16:36:31
$this->bbcode_second_pass_quote('charliehelyes', 'h')ttp://images.google.co.uk/images?svnum=10&um=1&hl=en&q=barrel+of+oil
proof enough said
proof enough said
Does Oil Really Come in Barrels?
$this->bbcode_second_pass_quote('', '
')The 42-gallon barrel is still a standard unit of measurement in the oil industry, though. Other units, such as cubic meters or imperial gallons, can be converted to the U.S. barrel fairly easily. For all of these measurements, care must be taken to correct for the effects of temperature, which can cause oil to expand or contract.
Though barrels may be close to extinct, companies still ship some oil in 55-gallon steel drums. (Volumes for these are still given in 42-gallon "barrels.") The steel drums used in calypso music are made from these 55-gallon containers. The first appeared in Trinidad, shortly after the end of World War II.
It's a cold cold world when a man has to pawn his shoes.
-
UncoveringTruths - Tar Sands
- Posts: 887
- Joined: Thu 04 Nov 2004, 04:00:00
