Comment by scurvy
5 years ago
That's what the strategic petroleum reserve in Louisiana is. They filled massive salt domes with crude oil. The salt keeps away bacteria that can foul the oil.
5 years ago
That's what the strategic petroleum reserve in Louisiana is. They filled massive salt domes with crude oil. The salt keeps away bacteria that can foul the oil.
Well, that's a little more involved than a reservoir, in fairness. Makes me wonder though if we might see something like this pop up in the private sector in case this happens again. Even a tens of millions of dollar investment in storage would look reasonable alongside the potential profit having millions of barrels of storage would bring right now.