Military Review

India intends to store its strategic oil reserves in the USA

130
India intends to store its strategic oil reserves in the USA

The head of the Indian Ministry of Energy Dharmendra Pradhan made a statement that India intends to reduce the risks associated with possible disruptions in oil supplies. As it turned out, nothing better was found in New Delhi to “reduce risks” than to negotiate with the United States on the storage of strategic oil reserves of Indian oil on its territory - the one that was bought from the United States.


Storing a strategic oil reserve in the United States, Pradhan said, "will allow India to insure itself against any supply disruptions as well as surges in oil prices."

As it turns out, the corresponding memorandum of intent has already been signed. The Secretary of Energy of the United States of America also signed the document.

By comparison, more than 700 million barrels of crude oil are held in storage in the United States as an oil reserve. In India, only 38 million barrels. This India may be enough for about a week. And the International Energy Agency prescribes holding oil reserves for a period of at least 90 days. To fulfill this requirement, India decided not to build its own additional storage facilities, but to rent free volumes in the USA.

The Indian minister said that this step by India speaks of "partnership and a high level of trust between the two countries, which is important from both energy and economic points of view."

According to the minister, from 2017 to 2019, the export of crude oil from the United States to India increased almost 10 times:

India is the largest importer of American oil in the world.


Pradhan:

The Strategic Energy Partnership has four main areas of cooperation - oil and gas, energy and energy efficiency, renewable energy and sustainable growth. Through a strategic energy partnership, the United States and India jointly seek to improve energy security, energy and innovation linkages between their respective energy sectors.

I wonder if India is ready to recall the experience of one well-known country that decided to send its gold reserves to the USA for storage? ..
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  1. Observer2014
    Observer2014 18 July 2020 12: 03 New
    32
    India intends to store its strategic oil reserves in the USA
    Brilliant! good We wish them success in this difficult task. lolI used to think that it couldn't be cooler than keeping gold in storage in the United States. It turns out that there’s something. They also came up with strategic oil reserves there. But what a trifle there. Give the Indians all their reserves, including food in the US. Give it back. will strengthen your friendship with them. wassat
    1. ltc35
      ltc35 18 July 2020 12: 21 New
      +4
      Bees against honey.
      1. NIKN
        NIKN 18 July 2020 12: 26 New
        +3
        request Well, what can I say? request I am not a psychiatrist. However, as far as I understood from the extreme oil crisis, America and its reserves have nowhere to store. And the option to pay America for storage still has to ... Well, something like that. Although why not pay with gold, so 50 years ahead.
        1. voyaka uh
          voyaka uh 18 July 2020 13: 02 New
          +5
          US strategic vaults are not cisterns, but
          underground caves at great depths whose walls are sealed.
          Their volume is larger than the storage volumes of all other countries combined.
          Building such storage facilities is a challenging engineering task.
          China is now thinking about a similar project.
          1. Mitroha
            Mitroha 18 July 2020 13: 14 New
            +9
            Well, here we are not talking more about the quality of storage, but about the interesting nature of the owners. Which is not the fact that they will give something at the request of the owner of the oil
            1. krot
              krot 19 July 2020 18: 06 New
              0
              Either people on earth become dull, or everything that is corrupt becomes! Hindus want barbarians as friends?
          2. Junior Private
            Junior Private 18 July 2020 13: 36 New
            +1
            What does engineering complexity have to do with it when it comes to the country's strategic reserves, which are only for a week? It is obvious.
          3. Far East
            Far East 18 July 2020 13: 50 New
            -2
            (Их объем больше, чем объемы хранилищ всех остальных стран вместе взятых) и,.шо дальше? хотите просветить или........ сказать какие они (мерикатосы) "великие" а,. как же вы(израэль)??? яблочко от яблоньки..........! смысл то не в этом! прогиб засчитан!
          4. halpat
            halpat 18 July 2020 14: 46 New
            +6
            Quote: voyaka uh
            US strategic vaults are not cisterns, but
            underground caves at great depths whose walls are sealed.
            Their volume is larger than the storage volumes of all other countries combined.
            Building such storage facilities is a challenging engineering task.
            China is now thinking about a similar project.

            laughing
            like in a fairy tale about a golden antelope: how can I now distinguish your coins (barrels) from mine? but I don’t give mine to anyone
        2. Mountain shooter
          Mountain shooter 18 July 2020 13: 02 New
          +4
          Quote: NIKNN
          I am not a psychiatrist

          Did you also think that the decision was absolutely schizophrenic? China is building oil storage facilities at a wild pace, while India has gone the other way !!!
          1. NIKN
            NIKN 18 July 2020 13: 05 New
            +6
            Not even a solution, but an idea from the very beginning. It would never have occurred to me drunk. Moreover, against the background of what the United States is doing now, trampling everything and everyone in relation to others.
            There is a complete loss of the instinct of self-preservation, and this is a psychiatric pathology in my opinion.
            1. orionvitt
              orionvitt 18 July 2020 14: 04 New
              +5
              Quote: NIKNN
              I wouldn't even dream of a drunken man

              Штаты грозятся против Индии санкции ввести, за С-400, за Российские самолёты и танки, за сам факт сотрудничества с Россией, буквально за всё, и тут прямо "Соломоново решение". Всё равно, что положить голову в пасть голодного тигра и делать вид, что вы "в безопасности".
              1. NIKN
                NIKN 18 July 2020 14: 08 New
                +2
                The most real idea is that this operates a kind of lobby bought by the Americans and is aimed precisely at knocking out india's protection tools from state interference in their internal affairs. I see no other explanation.
                1. WIKI
                  WIKI 19 July 2020 12: 52 New
                  0
                  95% of comments are about politics and for every taste. Is it possible to somehow explain India's action from an economic point of view, or, apart from politics, nothing comes to mind?
    2. Trevis
      Trevis 18 July 2020 12: 25 New
      +2
      Why only oil ?! It is necessary and all sorts of gold and waste paper. good
    3. Aaron Zawi
      Aaron Zawi 18 July 2020 12: 26 New
      -1
      Quote: Observer2014
      India intends to store its strategic oil reserves in the USA
      Brilliant! good We wish them success in this difficult task. lolI used to think that it couldn't be cooler than keeping gold in storage in the United States. It turns out that there’s something. They also came up with strategic oil reserves there. But what a trifle there. Give the Indians all their reserves, including food in the US. Give it back. will strengthen your friendship with them. wassat

      And they asked the Americans? The USA simply does not have free capacities.
      1. Mitroha
        Mitroha 18 July 2020 13: 17 New
        -1
        Quote: Aaron Zawi

        And they asked the Americans? The USA simply does not have free capacities.

        Aron, well, it’s not for you to explain when a sucker is carrying money — you have to agree with him on everything)) Here the USA agrees, but there is a place, there is no place ......
      2. Genry
        Genry 18 July 2020 15: 35 New
        +1
        Quote: Aron Zaavi
        The United States simply does not have empty containers.

        You can rent virtual storage. Take just in the computer to create such a position and fill them with virtual oil. For this, receive real money, similar to a long interest-free loan, and also demand payment for this loan.
        And the oil may not be given away - they say it burned out or flowed out into the abyss.
        Well done americos
    4. halpat
      halpat 18 July 2020 12: 31 New
      +1
      Quote: Observer2014
      India intends to store its strategic oil reserves in the USA
      Brilliant! good We wish them success in this difficult task. lolI used to think that it couldn't be cooler than keeping gold in storage in the United States. It turns out that there’s something. They also came up with strategic oil reserves there. But what a trifle there. Give the Indians all their reserves, including food in the US. Give it back. will strengthen your friendship with them. wassat

      Pradhan was stupidly paid money and promised him and his descendants a heavenly life in a city on a hill across the ocean, when the Indian people hear how he was deceived and will try to raise the lobbyist to a pitchfork.

      It amazes me: why is the red forelock still in Russia?
      He has long been a place next to the trump card or kokh. Not allowed to travel? :) Or is he hoping to cheat everyone again?
    5. pytar
      pytar 18 July 2020 13: 03 New
      +9
      There are no conflicting interests between India and the United States. Both countries have a conflict with China! They build their strategic relations on this basis.

      India is heavily dependent on oil supplies and is trying to diversify its suppliers. The United States in this regard is a good alternative, and in fact, in a critical conflict with Islamic Pakistan, the Arabian monarchies may impose an embargo, or the same Pakistan may violate maritime communications in the direction of the Persian Gulf. The Indians have a shortage of storage, and the USA has free ones! In addition, the costs of maintaining the temperature / operating / storage regime in the North. America is cheaper than India. It is more profitable for the Indians to keep the oil purchased in the USA in the American oil storage facilities. Indian oil stored in the United States, in the event of a conflict between India and China and Pakistan, is not available for attacks from the armed forces of these countries. With all that, India provides for a phased increase in their capacity. So, Indians cannot be considered fools. hi
      1. Antifreeze
        Antifreeze 18 July 2020 13: 22 New
        12
        В ближайшей перспективе такое решение имеет смысл только при условии, что между США и Индией не "пробежит черная кошка". Индусы должны понимать, что сами дают США рычаг воздействия на свою экономику. А ведь Штаты периодически грозят Индии санкциями за самостоятельные решения, идущие в разрез с интересами США.
        1. pytar
          pytar 18 July 2020 14: 53 New
          +2
          В ближайшей перспективе такое решение имеет смысл только при условии, что между США и Индией не "пробежит черная кошка".

          Cats making nimble ... laughing You never know where they come from!
          Hindus must understand that they themselves give the US leverage over its economy.

          I am sure that the Indian authorities understand everything perfectly! In the given case, the risks for them are minimal.
          But the States periodically threaten India with sanctions for independent decisions that go against the interests of the United States.

          According to the mayor of strengthening China, the US and India are interested in getting closer, and accordingly, it is easier to compromise.
          1. Alex777
            Alex777 19 July 2020 19: 32 New
            0
            Это "хранение нефти" - обычный залог против штатовских инвестиций в индийскую экономику.
            IMHO the Indians have come up with the most cunning move.
            Instead of buying American debt - they store oil at a minimum price.
            According to the proverb - God is on you that which is not suitable for us. Ingenious.
            1. pytar
              pytar 19 July 2020 19: 43 New
              -1
              Perhaps, but if we look at the facts, the main reason is quite clear: India does not have enough storage facilities, and it takes a lot of time to build new ones, the costs are serious, in India there is not enough space anyway.
              1. Alex777
                Alex777 19 July 2020 20: 08 New
                0
                So I say that the Indians ingeniously acted.
                There is a pledge, Treasury (US Treasury securities) do not need to be bought, investments are being made, and an oversupply of oil (the need for storage) will decrease after some time. hi
      2. DymOk_v_dYmke
        DymOk_v_dYmke 18 July 2020 13: 35 New
        -3
        Quote: pytar
        in a critical conflict with Islamic Pakistan, the Arabian monarchies may impose an embargo, or the same Pakistan may disrupt maritime communications in the direction of the Persian Gulf.

        Quote: pytar
        Indian oil stored in the United States, in the event of a conflict between India and China and Pakistan, is not available for attacks from the armed forces of these countries.

        I wonder if it is planned to deliver oil from the states by air in the event of a naval blockade by Pakistan? laughing hi
        1. halpat
          halpat 18 July 2020 14: 51 New
          -2
          Quote: DymOk_v_dYmke
          Quote: pytar
          in a critical conflict with Islamic Pakistan, the Arabian monarchies may impose an embargo, or the same Pakistan may disrupt maritime communications in the direction of the Persian Gulf.

          Quote: pytar
          Indian oil stored in the United States, in the event of a conflict between India and China and Pakistan, is not available for attacks from the armed forces of these countries.

          I wonder if it is planned to deliver oil from the states by air in the event of a naval blockade by Pakistan? laughing hi

          Will be dumped in barrels (barrels) where necessary :)))
          Well, how did Paulus organize aerial bridge at the time and guaranteed that there would be no shortage of equipment, food, and ammunition.
        2. pytar
          pytar 18 July 2020 15: 01 New
          +1
          I wonder if it is planned to deliver oil from the states by air in the event of a naval blockade by Pakistan?

          It must be understood that the storage of part of India's oil reserves in the United States, the mayor is forced. Due to the lack of their storage! In the event of a conflict between India and Pakistan / China, there is no safer storage place for oil purchased in the USA than ... the USA! In an extreme case / blockade /, transportation on American tankers is less risky! It is unlikely that Pakistan or China will start sinking American tankers, this promises them sooo big trouble ... bully
          1. DymOk_v_dYmke
            DymOk_v_dYmke 18 July 2020 16: 49 New
            0
            Quote: pytar
            In an extreme case (blockade), transportation to American tankers is less risky!

            Ok For transportation, the answer is accepted. +1
            Остаётся вопрос о гарантиях неналожения ареста на активы в случае недостаточно "гибкого" поведения Индии. Например, закупка российских вооружений а не амеровских.
            1. pytar
              pytar 18 July 2020 17: 06 New
              +3
              Остаётся вопрос о гарантиях неналожения ареста на активы в случае недостаточно "гибкого" поведения Индии. Например, закупка российских вооружений а не амеровских.

              Вы упускаете из виду факт веса Индии! Это мировая сила, как бы не глумились по форумах некоторые над индийского колорита... Моштная быстрорастущая экономика, огромное население, это самая важная страна в регион Индийского океана. США стараются высказывать свое недовольство, не так грубо. Индии "разрешенно" многое, чего другим низзя... Важность Индии для США неоценимая! Да и сами индусы явно пытаются диферсифицировать поставках оружия. Это в их интересах, как и в интересах США! Думаю, западные производители будут получать все больше заказый. С идеологической точки зрения тоже нет никаких проблем. США и Запад считают Индия - самой большой /по население/ демократиии на Земли.
              1. mister-red
                mister-red 18 July 2020 23: 41 New
                0
                You are losing sight of the fact of India's weight!

                Almost to the point. But in Bulgaria, it somehow did not work out with weight.
                Tell us Boyan, what did the Americans do with energy there. They don't give you a penny. This is not CMEA.
      3. mister-red
        mister-red 18 July 2020 23: 38 New
        0
        Saddam was not a fool.
        Kuldafi was not a fool.
        But you never know who in the world was not a fool.
        And Indians are not fools.
        1. pytar
          pytar 19 July 2020 12: 20 New
          -3
          And what about these odious characters about India ?! If you really decided to deviate from the topic, you could mention Pol Pot, Kimov, Idi Amin, Bokassa and a number of others are still whole ... lol
          1. mister-red
            mister-red 20 July 2020 23: 21 New
            0
            The continuation of the list is incorrect, think why.
            The point of my post is that you don't need to trust the United States. Basically. Of course, India is not Iraq or Libya, but they will be thrown somehow differently.
            1. pytar
              pytar 21 July 2020 09: 59 New
              -2
              The continuation of the list is incorrect, think why.

              In my opinion, in general, the list of dictators has nothing to do with the topic under which we write.
              The point of my post is that you don't need to trust the United States.

              Do you seriously think that there is trust in politics? Sorry, but this is naive ...
              Of course, India is not Iraq or Libya, but they will be thrown somehow differently.

              Thrown, not thrown, in politics everything is always possible. Interests prevail there! So far, I do not see a contradiction in the interests of the United States and India!
              1. mister-red
                mister-red 21 July 2020 14: 14 New
                0
                I don’t remember whether I asked or just wanted to - tell us what the US has done with the energy sector of your country. This is to the question of trust in the US and if you are really from Bulgaria.
                And yes, you are one of the few here who do not see any threats to India's actions.
                It's your right. But that's not smart as a minimum. Risks should always be taken into account, but here the risks are huge.
                1. pytar
                  pytar 21 July 2020 16: 30 New
                  -2
                  I don’t remember whether I asked or just wanted to - tell us what the US has done with the energy sector of your country. This is to the question of trust in the US and if you are really from Bulgaria.

                  I'm really from Bulgaria. I will write about the energy sector in my country, where there is an article about it. As far as the topic is different, I do not want to violate the rules of the site / comments not related to the topic, fall into the categories - flood, risk ban /. hi
                  And yes, you are one of the few here who do not see any threats to India's actions.

                  I would be surprised if on VO, it would be different! The audience is specific, has its own preferences ...
                  But that's not smart as a minimum. Risks should always be taken into account, but here the risks are huge.

                  I strongly doubt that those who criticize here at the forum have more information and knowledge than the government of India. For all that, they consider themselves smarter than the Indian authorities!
                  1. mister-red
                    mister-red 21 July 2020 22: 52 New
                    0
                    [/ quote] I strongly doubt that those who criticize here at the forum have more information and knowledge than the government of India. For all that, they consider themselves smarter than the Indian authorities! [/ Quote]
                    You simply cannot imagine how many times it happens that people think better than governments. Do you know why? Nobody gave bribes to those people.
                    Могу привести конкретный пример. В России некоторое время назад в праительстве говорили, что собсвенное гражданское авиастроение не нужно, потому что можно покупать Эйрбасы и Боинги. Легко найдёте, кто это говорил. И кстати не только проавиаци -типа, мы вссё купим. Так и сделали - зарубили российские Ил-96 и Ту-334 в угоду зарубежным лайнерам. Сейчас судорожно пытаются возродить Ил-96, который если честно, уже устарел. И ведь огромное количество людей крутило пальцем у виска - мол, что вы делаете. Ваш покорный слуга тоже офигевал тогда. Но решение было принято. Сомнительно ведь, чтобы мы имели Эбольше информации и познания, чем правительство" Правда? Оказывается имели. Потом оказалось, что взятки от Боинга и Эйрбаса доходили до десятков миллионов долларов в одни руки.
                    Something tells me that this Indian is from the same category of managers.
                  2. mister-red
                    mister-red 21 July 2020 22: 56 New
                    0
                    Quote: pytar
                    I strongly doubt that those who criticize here at the forum have more information and knowledge than the government of India. For all that, they consider themselves smarter than the Indian authorities!

                    You simply cannot imagine how many times it happens that people think better than governments. Do you know why? Nobody gave bribes to those people.
                    Могу привести конкретный пример. В России некоторое время назад в праdительстве говорили, что собсnвенное гражданское авиастроение не нужно, потому что можно покупать Эйрбасы и Боинги. Легко найдёте, кто это говорил. И кстати не только про авиацию -типа, мы всё купим. Так и сделали - зарубили российские Ил-96 и Ту-334 в угоду зарубежным лайнерам. Сейчас судорожно пытаются возродить Ил-96, который если честно, уже устарел. И ведь огромное количество людей крутило пальцем у виска - мол, что вы делаете. Ваш покорный слуга тоже офигевал тогда. Но решение было принято. Сомнительно ведь, чтобы мы имели "больше информации и познания, чем правительство" Правда? Оказывается имели. Потом оказалось, что взятки от Боинга и Эйрбаса доходили до десятков миллионов долларов в одни руки.
                    Something tells me that this Indian is from the same category of managers.
                    1. pytar
                      pytar 22 July 2020 09: 13 New
                      -2
                      Corruption is as old as the world! It's right! But let's get back to the given case - India intends to store US-purchased oil in the US! Why? The article clearly states - because India does not have enough storage yet! So? Where to store the ego, on the moon or what ??? Suggest an alternative ???

                      There are 2 more important points that you are missing out on! 1.Shas oil prices are low, it is profitable to buy and stock up! 2. But there is a problem with storage, because everyone is stocking up and storage is sorely lacking! It got to the point that the tankers themselves, fueled with oil, are used all over the world as temporary storage facilities! The havens of Saudi Arabia and other oil-producing countries are filled with tankers with oil that belongs to other countries! There sit in the sea, which is no better than a stationary storage facility on land!
                      Looking at the problem globally, India's decision looks quite logical and reasonable!
    6. Shelest2000
      Shelest2000 18 July 2020 13: 11 New
      0
      Storing a strategic oil reserve in the United States, Pradhan said, "will allow India to insure itself against any supply disruptions as well as surges in oil prices."

      To teach fools is to spoil your karma. The story of Venezuela and its gold in British banks taught the Indians nothing.
    7. Maz
      Maz 18 July 2020 13: 24 New
      -1
      I’m just wondering what the minister was thinking. Obviously not a head. Although rivalry with China creates the likelihood
    8. Eug
      Eug 18 July 2020 14: 52 New
      -1
      Именно что "намертво"..
    9. TermNachTer
      TermNachTer 18 July 2020 16: 59 New
      0
      There has never been a high opinion of the mental abilities of individual representatives of the Indians. But this time they surpassed themselves. We instructed the goat to guard the cabbage)))
    10. Vlad.by
      Vlad.by 18 July 2020 17: 50 New
      -1
      I can imagine what the amount of the rollback was ...
      This Indian has solved his personal retirement issue.
      There are too many other Indians to think about
    11. 72jora72
      72jora72 18 July 2020 21: 53 New
      -2
      Brilliant! good We wish them success in this difficult endeavor lolI, I used to think that it couldn't be cooler than keeping gold on preservation in the USA.
      Apparently their motto was- bravery and stupidity
  2. tsvetkov1274
    tsvetkov1274 18 July 2020 12: 06 New
    +3
    Naive ..
    Goat cabbage left to guard .. lol
  3. Baloo
    Baloo 18 July 2020 12: 15 New
    +3
    it's like a thief giving a wallet for safekeeping
  4. sedoj
    sedoj 18 July 2020 12: 19 New
    +2
    Officially - stock keeping. And if not officially, then it's more like paying some kind of indemnity. The payment has passed. The oil remained in America. Next time they will pay again.
    1. know
      know 18 July 2020 12: 30 New
      +6
      It's like paying for a roof. The Indians are pulling the United States into a showdown with China.
      1. cniza
        cniza 18 July 2020 12: 35 New
        -1
        Quote: saber
        It's like paying for a roof. The Indians are pulling the United States into a showdown with China.


        It seems that they only forget that the result is a nipple system - only in one direction, and then a voluntary occupation ...
  5. Pavel57
    Pavel57 18 July 2020 12: 19 New
    +2
    We left the fox, got to the wolf.
  6. Graz
    Graz 18 July 2020 12: 19 New
    0
    this can only be done by the Indians, who have Iran and the Arabian Peninsula close by, they always do not have everything like people
  7. From Tomsk
    From Tomsk 18 July 2020 12: 21 New
    -1
    Then they will place the military base at their place)) This has been a long talk.
  8. Graz
    Graz 18 July 2020 12: 22 New
    0
    in general, oil storages for a strategic volume of oil could be built at home, the country is far from poor, but with some kind of squiggle in my head, I already noticed this for the Indians, they are far from pragmatic Chinese
    1. voyaka uh
      voyaka uh 18 July 2020 13: 03 New
      +1
      Read my post above.
  9. Voyager
    Voyager 18 July 2020 12: 24 New
    -1
    Quite the roof has moved out
    1. halpat
      halpat 18 July 2020 12: 40 New
      -3
      Quote: Voyager
      Quite the roof has moved out

      Not ... their samsara wheel got punctured. Nearest tire fitting where ?? laughing
  10. tuts
    tuts 18 July 2020 12: 25 New
    0
    Some kind of nonsense, amid low oil prices, the most profitable thing is to build oil storage facilities at home
    And the cost of storing oil in the world has increased significantly
    1. your1970
      your1970 18 July 2020 23: 40 New
      0
      Quote: tots
      Some kind of nonsense, amid low oil prices, the most profitable thing is to build oil storage facilities at home
      And the cost of storing oil in the world has increased significantly
      -you have the first sentence contradicts the second
      1. tuts
        tuts 19 July 2020 07: 35 New
        0
        Storage cost is a conditional rent
        The price of oil is the price of oil
        As an example, the price of oil in America at the height of the crisis was negative, that is, come and take it and we will pay you for it.
        Проблема в том что нефтяная вышка это не "кран с водой" ее просто так не остановишь
        1. your1970
          your1970 19 July 2020 14: 41 New
          0
          It is your example - with a negative price - that confirms that you can build storage at home NOW- unprofitable....
          1. tuts
            tuts 19 July 2020 19: 15 New
            0
            Get alone
            Others store
            sell third
            Now it is very profitable to build oil storage facilities, buy oil cheaply (actually for free) and pump it into your storage facilities and then sell it when oil prices rise again
            Oil producers are obliged to put their oil somewhere so as not to stop oil rigs
            here is an article on the topic https://oilcapital.ru/news/markets/19-03-2020/neftehranilischa-v-mire-perepolnyayutsya
            1. your1970
              your1970 19 July 2020 21: 11 New
              0
              Quote: tots
              Now it is very profitable to build oil storage facilities, buy oil cheaply (actually for free) and pump it into your storage facilities and then sell it when oil prices rise again
              -if it would be profitable even cent - then this would not have happened
              Quote: tots
              As an example, the price of oil in America at the height of the crisis was negative, that is, come and take it and we will pay you for it.
              1. tuts
                tuts 19 July 2020 22: 02 New
                0
                I'll try to explain again
                Oil is produced conditionally at 1 barrels and costs $ 000 per 000 gallon.
                people buy it and burn it in engines so that cars can drive
                The Kovid came and the people stopped driving the cars. Now you have 1 barrels, which is conventionally worth $ 000, and all the oil storage tanks have been bought from you with the hope that after the Kovid they will be able to sell it for $ 000-10
                Covid did not end immediately and you have 1 barrels, but which are no longer charged even for $ 000, if you pour it into the nearest forest, they will plant you, so you are looking for someone to pay the money to take the oil from you
                And as a conclusion, it is beneficial for countries to build an oil storage facility to buy oil and use it in the future, the only minus is the high costs and the payback will only be when the crisis passes

                PS It is very expensive to stop oil production (or rather to restart it will be very expensive)
                1. your1970
                  your1970 19 July 2020 22: 44 New
                  0
                  you yourself don't hear
                  1) build storage is time and money ..
                  2) having built storage facilities, you find yourself in a situation when it is very expensive to store oil, it costs a penny, but you have to pay extra - so that it can be taken from you
                  Quote: tots
                  the only minus is the costs are high and the payback will be only when the crisis passes
                  - taking into account the costs incurred for construction and storage costs until the time of the exit from the crisis - you may find yourself in the red - even if the oil costs $ 100 per barrel ...

                  that is why no one in the world rushed to build large storage facilities (well, except for China) - but expels up to storage in tankers
                  It would be beneficial to build - sheet metal required for the construction of even small storage facilities - would skyrocket in price ...
                  1. tuts
                    tuts 20 July 2020 05: 16 New
                    0
                    1) The cost of storing oil for you as a storage owner does not change. For you (OWNER storages) the number of offers increases sharply, that is, you put up your capacities for auction (or you buy oil for a conditional penny)
                    2) Look, January 2020, the beginning of the crisis and the cost of steel falls, but from 01.04.2020/XNUMX/XNUMX, in fact, in the midst of the price begins to rise (this despite the fact that most enterprises are standing)

                    3) maybe I’m wrong and you’re right, I didn’t find the dynamics of building oil storage facilities, so I propose to close the discussion. In principle, you can monitor the behavior of the market in the future: If the price of oil rises smoothly, it means that storage facilities were built and filled (the supply will satisfy demand). If the price jumps, then no one built anything (supply will not keep up with demand).
  11. Fedor Sokolov
    Fedor Sokolov 18 July 2020 12: 26 New
    -1
    Anything that enters the United States instantly becomes American.
  12. svp67
    svp67 18 July 2020 12: 30 New
    -3
    Storing a strategic oil reserve in the United States, Pradhan said, "will allow India to insure itself against any supply disruptions as well as surges in oil prices."
    Even if they want to create a strategic gas reserve, they will probably choose Ukraine ...
    I have no idea the size of the corruption component of this decision
  13. Guards turn
    Guards turn 18 July 2020 12: 30 New
    -1
    Остаётся только пожалеть этих парней в чалмах, нефть будет успешно и "демократически" отжата в фонд Мира между сша и Индией.
  14. Courier
    Courier 18 July 2020 12: 31 New
    +2
    All private companies and countries are so stupid. They store everything in dollars and in the USA.
    1. orionvitt
      orionvitt 18 July 2020 14: 17 New
      -1
      Quote: Courier
      All private companies and countries are so stupid. They store everything in dollars and in the USA.

      Just dumb. If they don't know that dollars are not their money, they are american money, and they are only allowed to use American money. Any dollar account, it is not with you, it is with them, that is, with American banks, and it is they, American banks, the owners of your money.
  15. cniza
    cniza 18 July 2020 12: 32 New
    -1
    India intends to store its strategic oil reserves in the USA


    I didn't know they were so naive ...
  16. mag nit
    mag nit 18 July 2020 12: 35 New
    -3
    A wise decision. And gas can be stored in Pakistan or China.
  17. Poetry
    Poetry 18 July 2020 12: 50 New
    -1
    Without sucker and zhist is bad.
  18. silberwolf88
    silberwolf88 18 July 2020 12: 51 New
    -1
    Как покалывает Жизнь ... чужие ошибки никого ничему не учат ... каждый стремиться огрести свой "уникальный" опыт ...
    Well, maybe it's also such an internal Indian way of pledging oil ... and someone quite specific received their rupees for such a decision ...
  19. 123456789
    123456789 18 July 2020 12: 57 New
    +2
    Quote: Aron Zaavi
    And they asked the Americans? The USA simply does not have free capacities.

    They will pay for storing unproduced American oil.
    negotiate with the United States on the storage of strategic oil reserves of the Indian oil - the one that was bought from the United States.
    1. 123456789
      123456789 18 July 2020 13: 01 New
      +2
      The miser pays twice, the stupid three times, and the Hindu always pays.
  20. The comment was deleted.
  21. Tank hard
    Tank hard 18 July 2020 13: 07 New
    +2
    Thank. laughed. laughing
  22. +5
    +5 18 July 2020 13: 07 New
    0
    Even if we ignore the fact that the United States can freeze this reserve due to the purchase of S-400 or the fact that cows are not killed in India, how does the presence of this stock on the other side of the globe remove the risk of supply disruption? He will instantly find himself in India using the Mask's hyperloop through the center of the Earth?
  23. 123456789
    123456789 18 July 2020 13: 13 New
    +3
    The most efficient way to store oil is underground!
  24. The comment was deleted.
  25. Antifreeze
    Antifreeze 18 July 2020 13: 23 New
    13
    Hindus need to invest well in the development of their own infrastructure.
  26. Viktor Sergeev
    Viktor Sergeev 18 July 2020 13: 26 New
    +1
    I thought that there would be no more ... who will keep something in the USA, or rather not store it, but give it, but no, the naive have not died out yet.
  27. Amur
    Amur 18 July 2020 13: 46 New
    +1
    Оказывается не только наши "с ума сходят" и хранят ценности у тех кто их же и грабит.
  28. Maki maki
    Maki maki 18 July 2020 14: 06 New
    +9
    Do Indians hope for US decency? Naive laughing
  29. Pandiurin
    Pandiurin 18 July 2020 14: 07 New
    0
    "Международное энергетическое агентство предписывает иметь запасы нефти на период как минимум в 90 дней. Чтобы выполнить это предписание, Индия решила не строить собственные дополнительные хранилища, а арендовать свободные объёмы в США."

    It is partly understandable, almost the same futures are arranged as a strategic reserve, from the point of view of logistics, nothing is additionally required, they are purchased in the USA and stored there.

    But I've never heard of such a requirement in 90 days ...
    What are these requirements, what do they affect if there is no such stock?
    1. Lynx2000
      Lynx2000 18 July 2020 14: 38 New
      0
      This requirement applies to IEA member countries. If I am not mistaken, India and China are not among them.

      The UK complies with this requirement by requiring refineries to store additional volumes.

      A memorandum (protocol) of intent, not yet an agreement (contract), has no legal basis for obliging parties to begin to fulfill these obligations.

      Хотя... ;-) американцы могут "предъявить" индусам: "пацан сказал, пацан сделал".
  30. rocket757
    rocket757 18 July 2020 14: 10 New
    0
    For any it is THEIR business. Not interesting.
  31. orionvitt
    orionvitt 18 July 2020 14: 12 New
    +1
    Not only do the Indians have relations with the states, as it were, not quite. Either they threaten sanctions, then something else, and also store strategic oil reserves there. Great idea. laughing This is like a thief recidivist to give money for storage, or a drug addict to entrust the possession of drugs. In addition, there was no closer place, just on the opposite side of the planet. Why not on Mars?
    1. Vasyan1971
      Vasyan1971 18 July 2020 14: 39 New
      0
      Quote: orionvitt
      This is like a thief recidivist to give money for storage, or a drug addict to entrust the possession of drugs.

      Or cabbage for the husband of a goat. wassat
      A win-win option. Not for Hindus. wassat
      Quote: orionvitt
      In addition, there was no closer place, just on the opposite side of the planet. Why not on Mars?

      Like, put away, take a closer look. wassat
  32. Lesorub
    Lesorub 18 July 2020 14: 18 New
    +3
    Storing a strategic oil reserve in the United States, Pradhan said, "will allow India to insure itself against any supply disruptions as well as surges in oil prices."

    Индусы просто "Гениальны" - хранить резерв нефти в США - явно без увесистого лоби не обошлось )))
  33. Vlad Malkin
    Vlad Malkin 18 July 2020 14: 19 New
    0
    Something Hindus are completely losing their scent!
  34. Yuri Mikhailovsky
    Yuri Mikhailovsky 18 July 2020 14: 20 New
    -1
    So they have no more stocks ...
  35. Free wind
    Free wind 18 July 2020 14: 34 New
    0
    I don’t know about oil, but we have huge gas storages. Created by underground, atomic explosions, probably in America, similar oil storage facilities. India is not a seismic resistant zone, such storage facilities probably cannot be made there.
    1. Lynx2000
      Lynx2000 19 July 2020 08: 37 New
      0
      In UGS facilities, we are ahead of the rest.
      По подземным и наземным нефтехранилищам, включая перевалочные и распределительные по-моему уступаем "буржуям" и Китаю.
      There are no peculiarities and differences from UGS facilities, they use voids after rock salt, mine shafts or blown up in clay rock, the blast wave seals the walls of the formed cavity.
      recourse
      What will happen to the oil pumped into the cavity from a nuclear explosion, how can it be processed later? Wearing lead panties at the gas station ?! laughing
      1. Free wind
        Free wind 19 July 2020 08: 42 New
        +1
        In the Astrakhan region near Aksaraysk, there are underground gas storage facilities created by atomic explosions. The first explosion was, if scolerosis serves me right, in 1984. Somewhere in August.
  36. Vasyan1971
    Vasyan1971 18 July 2020 14: 37 New
    0
    storage of the strategic oil reserve in the United States "will allow India to insure itself against any interruptions in supply, as well as from surges in oil prices."

    Ну да. Пока санкции за С-400 или еще за что, "внезапно" не грянут...
  37. Ros 56
    Ros 56 18 July 2020 14: 37 New
    -1
    Well, right, still give the striped ones for storage all your gold and foreign exchange reserves and the management of the country and you will heal ....... like a Ukrainian. good laughing
  38. CommanderDIVA
    CommanderDIVA 18 July 2020 14: 48 New
    0
    Another pragmatic move by the Americans in building allied relations with the Indians as opposed to China, one question is not clear to me, in the event of an aggravation of the situation with China and a possible naval blockade of India, in what way will the Indians deliver their oil from the USA, the freight of neutral tankers?
  39. Lord of the Sith
    Lord of the Sith 18 July 2020 14: 55 New
    0
    And then the head of the Indian Ministry of Energy will dump in America, when these stocks are arrested, he will get his modest percentage from this))
    This is a large business))
  40. demo
    demo 18 July 2020 15: 11 New
    0
    Do not trust the pipe, horse and wife.
    Nothing is said about oil.

    If God wants to punish a person, he deprives him of his reason.
  41. Knell wardenheart
    Knell wardenheart 18 July 2020 15: 40 New
    0
    I thought nothing would surprise me in the flow of marasmic news of the last half of the year, but the Indians are breaking records))
    To store a strategic oil reserve on the other side of the globe - well, there would be a supply of already processed fuel there - so oil! And for what case? If the war is something I can imagine with what pleasure tanker owners will send them with cargo to India. If there are simply interruptions in supplies - the Middle East is nearby, they pour and release there, at any time.
    I think someone just gave it to a shaggy Indian paw, so that oil storage facilities in the United States would not stand idle ..
  42. alma
    alma 18 July 2020 16: 32 New
    10
    In principle, the master is the master. Let them take a chance.
  43. Gennady Fomkin
    Gennady Fomkin 18 July 2020 16: 35 New
    0
    laughing The Kama Sutra is a manual for men ... showing that no matter how a woman spins and twists, you can always slip it ...)))))))))
  44. Sibguest
    Sibguest 18 July 2020 18: 40 New
    -1
    Apparently, only the fabulous animals of India differ in wisdom, and even those, only in the words of the Anglo-Saxons (wise Kaa, R. Kipling)
  45. zwlad
    zwlad 18 July 2020 19: 48 New
    0
    Yeah. And how many days they will take it from there if that. And most importantly on what?
  46. evgen1221
    evgen1221 18 July 2020 20: 49 New
    0
    It seems to me so, but have the states decided to accumulate the maximum possible resources in anticipation of the nix, Somehow this decision of the Indians smells like blackmail and a dark game. And what not to store in Korea or the Emirates? With their population, they themselves could instruct themselves in their barrels again.
  47. Rostislav
    Rostislav 18 July 2020 22: 58 New
    -2
    Quite sick.
  48. avdkrd
    avdkrd 18 July 2020 23: 43 New
    -2
    Strange stuffing. If a real, Indian official said such an absurdity, then his (person) should be closely checked for the use of hard drugs and corruption. What is the point of storing a strategic reserve in the territory of another country, because in the event of a crisis this reserve becomes a reserve of another country ..... Store, either in the ASPnet, generally beyond good and evil. In the case of India, it is simply to provide the ASP with leverage for sanctions on issues lobbied by the State Department, for example, the purchase of the S400. Some kind of sur. I do not believe.
  49. Gloomy skeptic
    Gloomy skeptic 19 July 2020 01: 58 New
    +1
    Как в старом солдатском анекдоте: "Маразм крепчал !!!"
  50. VLADIMIR VLADIVOSTOK
    VLADIMIR VLADIVOSTOK 19 July 2020 15: 29 New
    0
    Strange! I was in India and talked to people. So they hate America! The first reason they are helping Pakistan!