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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: Tomas who wrote (47619)	7/8/1999 9:35:00 PM
From: Think4Yourself	Read Replies (5) \| Respond to of 95453

Just for grins, I did some math on the "missing barrels" (heh-heh-heh!). Let's say there are 300,000,000 barrels of "missing" oil out there in storage somewhere. A barrel of oil occupies 5.6146 cubic feet A mile is 5280 feet. So our volume is: (300,000,000 bbl * 5.6146 ft cubed/bbl)/(5280ft*5280ft/square mile) = a 1 square mile, 60+ foot high "puddle" of oil. Picture a 1 square mile area near where you live, say with a itty-bitty football stadium, filled to a height of 6 stories with oil. Yeah, I can see how an organization could NOT KNOW if such a puddle exists, especially when it's their job to know :-o