Arthur Berman: "Peak Oil - The Hedonic Adjustment"
The Great Simplification with Nate Hagens
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The Volumetric Relationship Between Crude Oil and NGL
The United States has 93 percent of its energy content from crude oil and condensate. The next category up is what's called other, those are a whole slew of products that are not used as fuel. And then the highest category is NGL, which is natural gas liquids or natural gas plant liquids. So again, the United States is just a more mature petroleum province and a more advanced economy.
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