The Financial Collapse of 2001 Unwinding Message Board

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Strategies & Market Trends : The Financial Collapse of 2001 Unwinding

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To: E_K_S who wrote (6514)	9/30/2020 7:37:34 AM
From: elmatador	3 Recommendations Read Replies (1) of 13803

The True Size Of The Oil Market While the amount of uses in one barrel of oil is quite incredible, we still need a mind-boggling amount of the natural resource each year to sustain consumption. Oil production per year: 34 billion barrels (incl. other liquids) Oil market size at current prices: $1.7 trillion per year To consider how big this actually is, we compare the annual market sizes of all major metals and minerals that are mined throughout the world: • Gold: $170 billion • Iron: $115 billion • Copper: $91 billion • Aluminum: $90 billion • Zinc: $34 billion • Manganese: $30 billion • Nickel: $21 billion • Silver: $20 billion • Other metals: $67 billion (Including platinum, palladium, titanium, tin, moly, uranium, and more) oilprice.com

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