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Thread: OPEC Reduction
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Old 04-06-2023, 05:52 AM
Vermilion Villager Vermilion Villager is offline
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Quote:
Originally Posted by Battlebasset View Post
Tell me...how do you do that? There is no substitute at this time for oil, not only for gasoline/diesel, but for the tens of thousands of products manufactured with oil - plastics being the one that first comes to mind.

Wind and solar is nowhere near able to do just the energy part, and that will be the case for the rest of our lifetimes, and probably our children too. Throw nuclear into the mix? That would get us much closer, but we've been told it isn't even under consideration.
See reply #26-27 for your short answer.

Most of the oil consumed in the US goes into a car tank in the form of gasoline. If you don't use it there is no market for it. I know this because we had this thing called a pandemic in 2019-2020 and oil was selling for -$40/bbl. That means they were paying you $40 just to take it. Thats the extreme, and we were not using oil because we didn't want to it was because the economy was in lockdown. However, it shows just how much oil is at the mercy of the consumer.