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The cheapest way to store oil is to keep it in the ground, not on tankers or landbased storage fields. It seems like an opportune time for a future that allows for more eco-friendly options + technological advancement to be more price-competitive against future oil prices. There will be a backlash to the dismantling of industries unnecessary commodities, its a really interesting time to watch the oil market. We’re likely going to see lobbyists pushing hard to start using eminent domain to procure properties that are national parks, etc. I recall reading some article that said that RuPual owns a lot of land in Wyoming that he leases to various oil companies, that’s a tangent but somehow worth mentioning. “In Texas, the idea of a state intervention would have been unimaginable to most people just a few months ago, even though it’s not without precedent. Somewhat confusingly, the Texas Railroad Commission oversees fossil fuel extraction, and has the power to limit crude production under a law dating back to the 1930’s. It hasn’t done so since 1972.”
The cheapest way to store oil is to keep it in the ground, not on tankers or landbased storage fields. It seems like an opportune time for a future that allows for more eco-friendly options + technological advancement to be more price-competitive against future oil prices. There will be a backlash to the dismantling of industries unnecessary commodities, its a really interesting time to watch the oil market. We’re likely going to see lobbyists pushing hard to start using eminent domain to procure properties that are national parks, etc. I recall reading some article that said that RuPual owns a lot of land in Wyoming that he leases to various oil companies, that’s a tangent but somehow worth mentioning. “In Texas, the idea of a state intervention would have been unimaginable to most people just a few months ago, even though it’s not without precedent. Somewhat confusingly, the Texas Railroad Commission oversees fossil fuel extraction, and has the power to limit crude production under a law dating back to the 1930’s. It hasn’t done so since 1972.”
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