Re:When oil is no longer in demand
by sbov on Wednesday November 30, 2016 @08:26PM
(#13076318)
That chart seems odd. From what I'm aware of, not all parts of "oil" are used for the same thing. E.g. before the internal combustion engine, gasoline was an unwanted byproduct of creating kerosene, and was usually dumped into the environment by refiners.
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Re:When oil is no longer in demand
by maxerickson on Wednesday November 30, 2016 @08:31PM
(#13076341)
Modern refineries work a lot harder to shift their output towards the most valuable markets.
Look at all the steps with some output to gasoline on the right:
https://en.wikipedia.org/wiki/Oil_refinery#Flow_diagram_of_t...