Malcolm Moore
speaker
398 appearances
3 recordings
2 series
first heard Apr 2026
last heard 18 Aug
Malcolm Moore’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 3 in all, peaking in Aug 2026 with 1.
Appearances
So, yes, I mean, it's worth saying there are two types of reserves, right?
So companies have a lot of reserves.
They have three billion barrels more or less of oil in reserve.
But it's not – I mean, we call them reserves.
They're not really reserves necessarily.
This is basically what the system, a lot of it, I mean, obviously there's a margin, but a lot of it is what the system needs to operate, right?
So pipelines, in order to work, they have to have oil in them, right?
And refineries, in order to make gasoline, they need to have crude oil waiting to be turned into gasoline.
So all of this stuff is just, you know, it's...
It's working capital.
It's not a stockpile.
It's just what you need to do your business.
And they're companies, right?
So they don't want to hold stuff that they don't need.
There's no profit in that.
So they're required by governments to hold a certain amount.
which is lucky because it's probably a little bit more than they would hold if it was up to them.
But they don't have a huge margin.
Now, the other type of reserve are the government reserves, the most famous of which is the U.S.
Strategic Petroleum Reserve.
Showing 181–200 of 398 · page 10 of 20
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