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arvitar

04/11/12 6:46 AM

#176463 RE: 5dollars #176461

"Canadians typically report crude oil production in cubic metres, whereas production in the U.S. is reported in barrels."

http://www.energy.gov.ab.ca/About_Us/1132.asp


A liter is 1/1,000 of a cubic metre.


Bordynuik probably uses this nonstandard unit for oil because either 1) it sounds much Juicier to report selling 500,000 units of something, than it does to be selling 500 units, or 2) he's uneducated and ignorant about these types of things.


note: "A litre is defined as a special name for a cubic decimetre or 10 centimetres x 10 centimetres x 10 centimetres, (1 L = 1 dm3= 1000 cm3). Hence 1 L = 0.001 m3 = 1000 cm3, and 1 m3 (i.e. a cubic metre, which is the S.I. unit for volume) is exactly 1000 L."
http://en.wikipedia.org/wiki/Litre

Toxic Avenger

04/11/12 6:49 AM

#176464 RE: 5dollars #176461

And yet, most oil producers, even those from Canada, use barrels to measure output.

Perhaps it's because 1,000 liters sounds SOOO much better than "6 and a quarter barrels".

For comparison, in 2010, Texas alone produced 181 million liters of oil. Per Day. That's about 125k liters per minute.

stocker11

04/11/12 8:36 AM

#176468 RE: 5dollars #176461

most of the modern world is on the metric system.

azs

04/11/12 8:51 AM

#176470 RE: 5dollars #176461

Not for building materials.