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.
On this episode, petroleum geologist Arthur Berman returns to discuss recent diesel shortages and go into depth on the importance of diesel and the complexity of getting it and other products from a barrel of crude oil. He and Nate also talk about the nuances of the global oil market as it shifts from the effects of the Russian/Ukraine war. Is the USA really a net exporter of petroleum and energy independent? And would making every car and truck on the road electric powered free us from needing crude oil?
About Arthur Berman:
Arthur E. Berman is a petroleum geologist with 36 years of oil and gas industry experience. He is an expert on U.S. shale plays and is currently consulting for several E&P companies and capital groups in the energy sector.
For Show Notes and Transcript visit: https://www.thegreatsimplification.com/episode/44-art-berman