Perspective on Gulf Oil Spill | MartinKronicle - Michael Martin
Search

Perspective on Gulf Oil Spill

The amount of oil that “spills” every 24 hours can produce enough gasoline for me to drive my car around the equator approximately 648 times – every day.

So far, I’m looking at over 8,400 trips through today.

At a leakage rate of 210,000 gallons of oil per day, that’s the equivalent of 5,000 barrels, or 5 NYMEX Light Crude futures contracts worth of physical.

Since April 22, that has equated to 65 contracts worth of physical.

Related Topics