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Just asking.......

by Mac McMullen / March 22, 2006 5:12 AM PST

Referencing news reports of oil at $60 a barrel.

Is this $60 at the point of loading the tanker, or at the point of off-loading the tanker ? Shipping charges ?

Recognizing there are different grades of crude, and different refined products.
Also recognizing the oil industry usually refers to a barrel as 42 gallon US.

How many barrels of crude does it take to produce 42 gallons of auto gas ? If it were ?one on one?, which it?s not, that would put gas at $1.43 to start.

How many barrels of crude to produce 42 gallons of diesel fuel ?

How many barrels of crude to produce 42 gallons of heating oil ?

Just asking, anyone know ?

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You learn something new every day
by hh / March 22, 2006 5:36 AM PST
In reply to: Just asking.......
After crude oil is removed from the ground, it is sent to a refinery by pipeline, ship or barge. At a refinery, different parts of the crude oil are separated into useable petroleum products. Crude oil is measured in barrels (abbreviated ''bbls''). A 42-U.S. gallon barrel of crude oil provides slightly more than 44 gallons of petroleum products. This gain from processing the crude oil is similar to what happens to popcorn, it gets bigger after it is popped.

http://www.eia.doe.gov/kids/energyfacts/sources/non-renewable/oil.html
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And.......
by hh / March 22, 2006 5:54 AM PST
In reply to: Just asking.......
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(NT) (NT) Thanks, for both links
by Mac McMullen / March 22, 2006 6:13 AM PST
In reply to: And.......

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