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Title: Fundamentals Of Liquid Measurement - I Lm 2160
Author: Wesley G. Poynter, Ph.D.
Source: 2000 International School of Hydrocarbon Measurement
Year Published: 2000
Abstract: If I were buying a barrel of oil from you, I would want the liquid to be as cold as possible. On the other hand, you, as the seller, would like the liquid to be as hot as practicable. Why? Because liquids expand with increased temperature and shrink with lower temperature. So, when I buy a barrel of cold oil, I actually get more oil for the price of one barrel, and when you sell a barrel of hot oil, you actually sell less oil for the price of one barrel.

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