What is the barrel barrel equivalent?

The barrel equivalent of the BOE is a unit of energy used mainly for comparing various forms of fuel reserves. It is defined as energy released by burning one barrel of oil. There are related energy units such as a kilo bar and a billion barrels that are used for larger scale problems. It is defined as 42 gallons (about 159 liters) oil. Exactly how much energy it works, because in fact it is unpredictable because the oil comes in different degrees that produce fuels at different speeds. To solve this problem, most organizations use standard energy measurements for the barrel equivalent of oil. For example, the United States internal income service (IRS) defines it as 5.8 million British thermal units (BTU). It is a separate measure of energy that refers to the energy needed to warm up one pound of water by one degree of Fahrenheit. Like all Rev is identical, it is a consistent unit.

There are several other backsreindeer how to express Boe. For example, one Boe is an equivalent energy of about 1.7 megawatt hours in electricity. It is also equivalent to 5,800 cubic tracks of natural gas.

One of the main uses of the oil equivalent barrel is financial statements of fuel companies. This is because it can be used to express the amount of oil and gas. Therefore, a company that has oil and gas reserves can provide a single value for its entire fuel reserves.

The

equivalent of the oil equivalent is not useful at all times. For example, it does not provide sufficient information for buyers and sellers of oil. This is because different types of oil have different qualities. Instead of Boe, the oil industry used oil benchmarks that organize different types of oil into categories of a similar variant.

Similarly, the organization of oil -exporting countries (OPEC), an alliance of oil -producing countries does not follow prices by reference to the barrel of the oil ekVIVALENT. Instead, it uses an "basket" of oils to create an average price of 11 front mixtures of oil. It is the price of the basket that OPEC aims to check by increasing or reducing the production of oil and thus supply.