Comment by timoth3y
2 days ago
Planet Money had a wonderful series of episodes where they did exactly this a few years ago.
https://www.npr.org/sections/money/2016/08/26/491342091/plan...
They traced the path of their barrel from purchase, to production, to refining, to the sale of the various hydrocarbon products.
It's a great listen.
Did they pay extra for the barrel itself? Surely that steel doesn't come for free.
You can sell the barrel after you are done
Is there a market for barrels? - I would assume most oil is stored in tanks, transported via pipeline to harbor, loaded onto tanker and oil trucks with never seeing a barrel and the barrel mostly serving as a unit for calculation.
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Didn't the price of the actual barrel became more onerous than the product itself during covid?
This is common for a huge number of products, ranging from cosmetics, consumables, pharmaceuticals, bottled water, etc.
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in one market oil prices even went negative so presumably, yeah.