12 replies to this topic

[NAV]

And in the U.S, we still keep talking about creating jobs in the coal industry. Doh !

[Shaggies_View]

 

 

There is one major flaw in this article.  It seems to assume that gasoline is the only product that comes from crude oil.  A barrel of crude oil can make about 19 US gallons of gasoline, 10 gallons of diesel, 4 gallons of jet fuel and another 9 gallons of other oil products such as liquid petroleum gas, plastics, lubricants or heating oil.  Electric cars will only impact about 45% of the products that come from crude.  Also, the article does not consider that refinery production can be adjusted to make less gasoline and more of the other products.  Don't count out crude oil just yet... demand will extend far beyond 2025.  

Oil is dead. You can get all the products you just mentioned from 'gas' as well. Shell GTL operates the largest facility in Qatar. More importantly the products are higher quality and cleaner than from conventional oil.

 

 

 

The quality and cleanliness of the products has nothing to do with the source.  That is entirely dependent on the amount of refinement applied in the process.  GTL made sense when oil was $100, but is a higher cost process and cannot compete with oil at $50 per barrel for most products.  

 

Only in the US. GTL is the most profitable part of the Shell Group.... 

[kssmibotm]

 

 

 

There is one major flaw in this article.  It seems to assume that gasoline is the only product that comes from crude oil.  A barrel of crude oil can make about 19 US gallons of gasoline, 10 gallons of diesel, 4 gallons of jet fuel and another 9 gallons of other oil products such as liquid petroleum gas, plastics, lubricants or heating oil.  Electric cars will only impact about 45% of the products that come from crude.  Also, the article does not consider that refinery production can be adjusted to make less gasoline and more of the other products.  Don't count out crude oil just yet... demand will extend far beyond 2025.  

Oil is dead. You can get all the products you just mentioned from 'gas' as well. Shell GTL operates the largest facility in Qatar. More importantly the products are higher quality and cleaner than from conventional oil.

 

 

 

The quality and cleanliness of the products has nothing to do with the source.  That is entirely dependent on the amount of refinement applied in the process.  GTL made sense when oil was $100, but is a higher cost process and cannot compete with oil at $50 per barrel for most products.  

 

Only in the US. GTL is the most profitable part of the Shell Group.... 

 

Only because that GTL plant is built and depreciated.  No way another oil company builds a grassroots GTL plant with crude at $50.