There’s about 1 gallon of asphalt in every 42-gallon barrel of crude oil. Were it not used to pave roads, asphalt would be a waste product of crude oil refining

There’s about 1 gallon of asphalt in every 42-gallon barrel of crude oil. Were it not used to pave roads, asphalt would be a waste product of crude oil refining. I don’t think there are any good substitutes to asphalt concrete for paving roads. Railroad tracks only need crushed rock - if we fully transition away from crude oil, we might have no choice but to switch to rail for all our ground-based transportation needs. https://mercercapital.com/energyvaluationinsights/a-bright-spot-at-the-bottom-of-the-barrel/ https://mercercapital.com/energyvaluationinsights/a-bright-s...