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However there are other uses for oil other than gasoline like jet fuel, asphalt for roads, making plastics.
by pkaye 9y ago
However there are other uses for oil other than gasoline like jet fuel, asphalt for roads, making plastics.
- cpete 9y agoYour comment reminded me of the idea that "...crude oil is much too valuable to be burned as a fuel." http://press.princeton.edu/chapters/s7121.html http://press.princeton.edu/chapters/s7121.html
- zasz 9y agoSure, but something like 40% of all oil in America is used for transportation, and 55% of that is gasoline for cars. Source: http://www.americanenergyindependence.com/fuels.aspx http://www.americanenergyindependence.com/fuels.aspx https://www.eia.gov/energyexplained/?page=us_energy_transportation https://www.eia.gov/energyexplained/?page=us_energy_transpor... I can't find a good source for what percentage of global oil consumption is burned up in cars, but supposing that was ~20% as well--that would be really something, to take away ~20% of Big Oil's revenues.