Arthur Berman: “The Devil is in the Diesel”
The Great Simplification with Nate Hagens
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The Light Oil Formula
In the early 1900s, Henry Ford is trying to commercialize an automobile. The first Model A or whatever it was actually ran on ethanol. It ran on alcohol for a variety of reasons. But just about the time that automobiles were being thought through also in Europe, there was this huge discovery of oil north of where I'm sitting here in Houston at a place called Spindletop. If we can get volumes like that, then let's rethink this whole ethanol formula. Let's use oil.
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