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re: The Only stock to buy now...
Posted on 3/11/20 at 6:51 pm to Strannix
Posted on 3/11/20 at 6:51 pm to Strannix
quote:
Let's take your ridiculous hypothetical at face value, there are about 6000 other critical products made from refined crude, including a huge amount of chemical precursors.
Will these vehicles you speak of have tires? Seats? Dashes? Plastic?
Gasoline is a byproduct at the end of the day.
I did say this in my post:
"Serious question because I have no idea how much of the oil that is produced is used to power vehicles vs. making other oil and hydrocarbon based products."
So what percentage of global oil is used as gasoline consumption for running vehicles vs the 6000 other things you mentioned? Do you have any specific data points that you can share?
1
Posted on 3/11/20 at 7:10 pm to Street Hawk
quote:
So what percentage of global oil is used as gasoline consumption for running vehicles vs the 6000 other things you mentioned? Do you have any specific data points that you can share?
About 40% gasoline give or take depending on how you want to manipulate the hydrocarbon chains.
Aviation fuel isn't going anywhere, diesel isn't going anywhere, critical Petro-chem feedstocks make up the smallest part of a barrel.
In your hypo what would they do with all that gasoline?
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