The high price of diesel and the burning of oil for heat in places in Europe that didn't happen before the war. Vladimir Putin, who's running Russia right now, has a PhD in energy economics. He knows more about energy than all the leaders of NATO put together because he somehow did have to pass his defense. I mean, this guy knows exactly what he's doing. So is it likely that we'll see something like this again? We don't know. But this one's here to stay.
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