Kees van der Leun on Nostr: Calculation: EU imports 480 million tonnes of oil ...
Calculation: EU imports 480 million tonnes of oil (https://ec.europa.eu/eurostat/statistics-explained/index.php?title=Oil_and_petroleum_products_-_a_statistical_overview&oldid=315177#Imports_of_crude_oil)
That's 3,500 million barrels (almost 10 million barrels/day)
At the current oil price of $72, that's $250 billion/year. And divided by 31.5 million seconds/year, that gets you to $8,000 per second.
That's 3,500 million barrels (almost 10 million barrels/day)
At the current oil price of $72, that's $250 billion/year. And divided by 31.5 million seconds/year, that gets you to $8,000 per second.