Odd Lots How Surging US Oil Output Is Being Moved and Stored
Feb 9, 2024
Joining the discussion is Steven Barsamian, COO at Tank Tiger and co-host of the Tank Talk podcast, renowned for his expertise in oil storage and transportation. He dives into the record U.S. oil production and the challenges of storage logistics. Barsamian shares insights on the infamous crud at the bottom of tanks, the impact of last year’s diesel shortage, and warns against the perils of storing oil in unconventional places. He also discusses the evolving dynamics of the oil industry amidst increasing renewable fuel demands.
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Tracy's Oil Purchase
- Tracy Alloway recounts attempting to buy a barrel of oil, settling for a jar due to logistical difficulties.
- The oil evaporated on her desk, allegedly poisoning her colleagues.
Oil Production Boom
- US oil production is booming, raising questions about storage and transportation.
- While macro-level discussions dominate, the physical handling of oil is crucial.
Tank Tiger's Business
- Steven Barsamian, COO of Tank Tiger, describes the company as an "Airbnb for tanks".
- They facilitate leasing of storage tanks for various liquid products.