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Termyn8or -> RE: Oil reaches 100 dollars a barrel: new record (1/2/2008 10:56:59 PM)
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Mutt, you are right, oil is refined damnear immediately into gasoline. It's like "just in time" delivery of goods in business if you are familiar with that term.
But what you did not mention are all the other uses for oil. Most people have some brains, and might even sit down with a calculator and try to figure out what the oil companies are making. A hundred bucks a barrel and they get X gallons of fuel out of it, and charge X dollars a gallon or liter for it.
But that is nowhere near the whole story. That is what makes petroleum so alluring for the big money people, because they know.
In the petroleum cracking process there are many products which come out even before our beloved gasoline. Acetylene, propane, all kinds of things. Then come the solvents like acetone and whatever else. Then it gets down to our gas and then deisel fuel.. Then comes kerosene, and shortly thereafter the motor oil we need for our cars.
Then somewhere around that time comes, believe it or not, vaseline, and of course all the products made with it. And then it won't be too long before it is something else, petroleum distillates are a big part of making plastic, and as you may have noticed damnear everything is made of plastic now.
Think we are done ? Nope. Then comes tar and all that entails, and finally, that kitchen floor of yours (unless it is ceramic or something) is nothing but the shit they scrape out of the vessel which was used to crack the petroleum. They just put it through some rollers and then paint it, and some components of that paint are also petroleum derivitaves.
If the truth be known, if I had the facility to crack petroleum I would surely pay the hundred bick a barrel, and I would make plenty of money.
Now do you know why wars are started ?
T
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