Re:Oil Prices Jump Most on Record After Saudi Strike
by Brakenshire on Monday September 16, 2019 @06:51AM
(#20982793)
Petrochemical feedstock only makes up 10-20% of oil demand, and road transportation 50%. And there are multiple different sources for those feedstocks. As I say, oil will remain an important commodity, but its days as the pre-eminent commodity, and a key driver of geopolitics, are already numbered.
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