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Method and system for determining an amount of a liquid energy commodity stored in a particular location

  • US 8,842,874 B1
  • Filed: 04/19/2011
  • Issued: 09/23/2014
  • Est. Priority Date: 04/19/2010
  • Status: Active Grant
First Claim
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1. A method for determining an amount of a liquid energy commodity stored in a particular location, comprising the steps of:

  • storing volume capacity information associated with each tank at the particular location in a database;

    periodically conducting an inspection of each tank at the particular location from a remote vantage point and without direct access to each tank, including collecting one or more images of each tank;

    transmitting the collected images of each tank to a central processing facility;

    analyzing the collected images of each tank to determine a liquid level for each tank;

    calculating the amount of the liquid energy commodity in each tank based on the determined liquid level and the volume capacity information retrieved from the database; and

    communicating information about the amount of the liquid energy commodity at the particular location to a third-party market participant.

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