We have a lot of oil refineries in the world and in the United States. The light stuff is going to be natural gas and natural gas liquids. Things like propane and butane, you know, when you go out and you buy a lighter to start your charcoal grill or if you smoke cigarettes, a cigarette lighter, that's that's butane. So propane is just one step heavier than butane, which is onestep heavier than methane, which is natural gas.
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