European Tribune - Comments - Countdown to $200 oil: $140 oil and speculation

Countdown to $200 oil: $140 oil and speculation | 143 comments (143 topical, 0 editorial, 0 hidden)

Re: Countdown to $200 oil: $140 oil and speculatio (none / 1)

I've still not seen you address the fact that barrels of oil do not translate directly into gallons of fuel. A lot of other things, such as plastics, come from oil. How does that factor into the argument?

You can't be me, I'm taken

by Sven Triloqvist on Thu Jun 26th, 2008 at 06:16:44 PM EST

Re: Countdown to $200 oil: $140 oil and speculatio (none / 1)

One point on this is that fuel is the finished product of crude oil with the lowest value added over the cost of the crude oil ... the cost of oil going into plastics will generally represent a much smaller percentage of the price of the finished good.

So the demand destruction is going to be focused very strongly on fuels made with crude oil.

I've been accused of being a Marxist, yet while Harpo's my favourite, it's Groucho I'm always quoting. Odd, that.

by BruceMcF (agila61 at netscape dot net) on Thu Jun 26th, 2008 at 10:06:11 PM EST
[ Parent ]

Re: Countdown to $200 oil: $140 oil and speculatio (none / 0)

Your fingers broke?

Very little actually. US plastics production mostly comes from nat gas (cheaper). In China/Japan/Europe you get it more from cracking naphtha.

Just add up the pieces in the US's 20 MMBD. The data is all in the EIA website tables.

by HiD on Thu Jun 26th, 2008 at 10:47:52 PM EST
[ Parent ]

Countdown to $200 oil: $140 oil and speculation | 143 comments (143 topical, 0 editorial, 0 hidden)

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