Oil is going under $30 a barrel now

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The Something Awful Forums > Discussion > Debate & Discussion > Oil is going under $30 a barrel now

Cicero: Dec 17, 2003; Jumpjet, melta, jumpjet. Repeat for ten minutes or until victory is assured.

computer parts posted:

Here's the numbers I'm seeing:

(A barrel makes 45 gallons of petroleum products)

So it depends what you mean by "industry" exactly but the vast majority is gasoline & diesel.

So let's say that 20 years from now, electric cars/trucks dominate the market and so demand for gasoline and diesel is way down. Can you increase the % of the barrel that you use for other products? Or is that relatively fixed due to chemical composition?

# ¿ Feb 12, 2016 01:32

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# ¿ May 22, 2024 18:41

Cicero: Dec 17, 2003; Jumpjet, melta, jumpjet. Repeat for ten minutes or until victory is assured.

Lote posted:

Apparently the cheapest historically in 2015 dollars was $1.48 in 1998.

And right now it's around $1.70. So, fairly close.

# ¿ Feb 17, 2016 06:15

The Something Awful Forums > Discussion > Debate & Discussion > Oil is going under $30 a barrel now