I tried to buy an actual barrel of crude oil (2015)

Re:I tried to buy an actual barrel of crude oil (2015) by chha on Monday April 20, 2020 @03:50PM (#22927727)

> Maybe environmental issues?

Amongst others. It's not enough to just dig a hole in the ground, you have to make sure it doesn't seep into the ground as well. In addition, you have the always present risk of fire...

[ Parent | on HN ]

Re:I tried to buy an actual barrel of crude oil (2015) by entangledqubit on Monday April 20, 2020 @04:28PM (#22928143)

Unfortunately, right now it seems that there is incentive out there for oil to "go missing" for a profit -- presumably at the cost of the environment. I'm curious if anyone is thinking about trying to replace their fracking fluid with oil for a while...

[ Parent | on HN ]

Re:I tried to buy an actual barrel of crude oil (2015) by recursive on Monday April 20, 2020 @05:26PM (#22928756)

Why don't the producers turn down the output? Does it cost more money to produce less? Is it mutually assured destruction? A game of chicken? This is so weird.

[ Parent | on HN ]

Re:I tried to buy an actual barrel of crude oil (2015) by ShamelessC on Wednesday April 22, 2020 @03:17PM (#22949140)

I heard on NPR yesterday that oil producers are concerned that output will be dampened by "turning down the output" because it can make flow rates lower when they reopen.

[ Parent | on HN ]

Re:I tried to buy an actual barrel of crude oil (2015) by foota on Monday April 20, 2020 @05:31PM (#22928821)

@recursive, I read here that there are contractual obligations in play. Search for jofer@'s answer.

[ Parent | on HN ]