On: Stocks Halt; Oil and Bonds Drop in Sync

[mkagenius]

Its weird that country like India has storage capacity of only 40 days. Even if they wanted to store an year worth of cheap oil, they can't.

[WrtCdEvrydy → mkagenius]

Think about it, you have a resource that powers the world... why would you need to store it?

[mkagenius → WrtCdEvrydy]

For days like todays, it would have saved them $60B, you don't get cheap oil so easily

[hangonhn → mkagenius]

The US only has capacity for 30ish days... but at US consumption rates.

[_lqaf → hangonhn]

Kind of. It is around 30 days now, but it can't be emptied that fast - I think it takes something like 4 months to draw down the full capacity.