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Just Stop Oil !? Part 1 - Gasoline | Frankly #37
The Great Simplification with Nate Hagens
The Cost and Affordability of Oil
We process oil vertically from the top down. If suddenly we had no demand for gasoline whatsoever we would still need the exact same amount of oil in the world as we did when we did need gasoline. Over time, over decades, we could shift the refinery process so that instead of cat crackers which result in gasoline we can get rid of those and install hydrocrackers which generate more diesel. But this takes a long time and it's quite costly... We're not even building any new refineries now because of the messed up light oil and oil decline in all the regions in the US except for the Permian. In a perfect world 20 years from now, if we didn't need
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