About this episode
US oil production has surged to an all-time record of more than 13 million barrels produced per day. But where's all that crude actually going? And how is it being handled and stored? On this episode, we speak with Steven Barsamian, chief operating officer at the Tank Tiger, a clearing house for terminal storage, and co-host of the Tank Talk podcast, about the business of moving and storing oil and its related products. We talk about what storage capacity looks like right now, how it's changed over time, plus last year's diesel shortage in the Northeast. He also describes exactly how crude oil and refined products move from point A to point B, talks about the crud you find at the bottom of storage tanks, and explains why you should definitely not keep oil in the bathtub (or on your desk) to benefit from contango.
See omnystudio.com/listener for privacy information.
Get every episode summarized
Each time Odd Lots publishes, we email you a written briefing from the transcript — the topics, who appeared, and any specific claims, with the ad reads skipped.
Email me new episodesFree for 3 shows. No card needed.
No transcript yet
This episode has not been transcribed. Request it and it moves to the front of the queue.
More episodes
More from Odd Lots
Why Bridgewater's CIO Says AI's Human Extinction Risk Is Real
Odd Lots
The Rise of Organized Retail Crime at Big Box Stores
Odd Lots
Why Money Launderers Love $100 Bills
Odd Lots
Why Laser Beams Are the Hottest New Tech in Defense
Odd Lots