Posted on 09/02/2017 5:08:03 AM PDT by TigerLikesRooster
'N. Korea to Stockpile 1Mn Tons of Oil in Preparation of Sanctions'
2017-09-02 12:26:16 Update : 2017-09-02
A Japanese newspaper reports North Korea set a goal in April to stockpile one million tons of petroleum in preparation for global sanctions.
The Tokyo Shimbun noted that one million tons is around half to two thirds of North Korea's annual imports of crude oil and related products.
The article cited a North Korean figure as saying that leader Kim Jong-un made this decision during a meeting of the state affairs commission.
Following the decision, a large number of gas stations reportedly shut down in Pyongyang, sharply raising petroleum prices.
North Korea imports one-point-five to two million tons of crude oil and petroleum products each year, of which more than 90 percent is known to come from China.
The Japanese government is persuading the international community for the UN Security Council to impose more sanctions on the North, including an oil embargo following Pyongyang's launch of a missile on Tuesday which flew over Japan.
The newspaper said Pyongyang has fired nearly 20 ballistic missiles this year with speculations more launches or a sixth nuclear test could be on the way.
The report said the regime appears to be hastening efforts to stockpile oil in case restrictions on oil imports expand.
P!
stockpile one million tons of petroleum
That’ll blow up real good!
Thatll blow up real good!
How will they store it?
141000 barrels rusting in the rain.
I thot petroleum was measured in barrels?
The North Korea at night map will be much brighter, soon.
The conversion for crude is .134 tons per barrel.
So 1 million tons is ~11 million barrels
Thats a lot of fluid ounces!
That wont even run the U.S. until 11:30am on Monday! But the story says it will last them 6 months or more.
So now translate barrels into night soil buckets. I would imagine they are a little short on bulk tanks.
How many night soil buckets are the people going to fill with oil.
Laughable.
US crude consumption, DAILY, is about 18-20 million barrels.
At current usage rates a million tons should last them about 10 years.
“You’re going to need a bigger Drinking Straw”. :)
Q: Which country/countries are supplying the Norkies with oil? Anyone know?
the article said 90% was from China
Yup, that’s what the article said. :-)
Just wondering if that’s accurate. Trust but verify.
They can’t hide that much oil underground so our air strikes would quickly obliterate the oil.
See Japan pre WW2. Cutting off oil made them desperate.
Not saying this is fair or safe but the NORKS insist that there’s no negotiation.
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