Stocks Halt; Oil and Bonds Drop in Sync

Re:Stocks Halt; Oil and Bonds Drop in Sync by mkagenius on Wednesday March 18, 2020 @01:28PM (#22619058)

Its weird that country like India has storage capacity of only 40 days. Even if they wanted to store an year worth of cheap oil, they can't.

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Re:Stocks Halt; Oil and Bonds Drop in Sync by WrtCdEvrydy on Wednesday March 18, 2020 @02:03PM (#22619475)

Think about it, you have a resource that powers the world... why would you need to store it?

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Re:Stocks Halt; Oil and Bonds Drop in Sync by mkagenius on Wednesday March 18, 2020 @02:27PM (#22619737)

For days like todays, it would have saved them $60B, you don't get cheap oil so easily

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Re:Stocks Halt; Oil and Bonds Drop in Sync by hangonhn on Wednesday March 18, 2020 @01:41PM (#22619216)

The US only has capacity for 30ish days... but at US consumption rates.

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Re:Stocks Halt; Oil and Bonds Drop in Sync by _jal on Wednesday March 18, 2020 @01:51PM (#22619343)

Kind of. It is around 30 days now, but it can't be emptied that fast - I think it takes something like 4 months to draw down the full capacity.

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