We use over 30 billion barrels of per year each barrel is condensed ancient algae phytoplankton from the ocean that lived between one and hundreds of millions of years ago in ancient oceans. In a barrel of oil there are many thousands of products that come from the barrel. We need to educate and inform more people about how the parts and the processes fit together.
In this must watch Frankly, Nate illustrates how a reduction in the demand for gasoline will not - as commonly believed - result in a 1:1 reduction in the demand for oil. This is contrary to a widespread perception, which much growth in the Electric Vehicle industry has been based on, about the correlation between a decline in gasoline usage resulting in an overall decline in oil production and CO2 emissions. While a significant portion of oil refining results in gasoline, we need to be aware of modern civilization's deep dependencies on the remaining products that all come from the same barrel of oil. Only then can we understand and plan for feasible pathways to reducing oil production and consumption within the confines of a growth-dependent complex adaptive system. How can movements such as Just Stop Oil better reflect the reality of the current oil production system and our economy?
Stay tuned next week when Nate shares 7 potential paths to a less oil-dependent future.
A special thank you to Joris van der Schot, John Rowan, Robert Rapier, and Art Berman for helpful input on this video.
To Watch on Youtube: https://youtu.be/H-zYjcsLE_E
For Show Notes and More: https://www.thegreatsimplification.com/frankly-original/37-just-stop-oil-part-1-gasoline