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re: Can someone in the know explain RE: pipeline "hack"?
Posted on 5/11/21 at 1:29 pm to jrenton
Posted on 5/11/21 at 1:29 pm to jrenton
Another important issue here is the petroleum products are what are termed custody transfers. Or in other words it is just like you filling your tank with gas. The meter is ticking and somebody owes somebody else a lot of money. Think of it like the bank mixing up everybody's accounts and cant quite figure out where the money goes.
The financial losses could be astronomical.
The financial losses could be astronomical.
Posted on 5/11/21 at 1:35 pm to GetmorewithLes
Yep there are people / companies making money just by buying and selling product flowing through that pipe. They never actually take delivery just broker the flow so to speak
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