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by _FKS_
2870 days ago
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Side-note: a barrel of oil gives a fixed amount of gasoline and diesel fuel, and that's hard to change [1]. A given refinery could slightly change the amounts, but not much, and that's billions in investments. Even if you replaced diesel vehicles by electric ones, the diesel fuel will be burned somewhere else. [1] https://www.e-education.psu.edu/fsc432/content/overview-refi... |
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Changing that production mix is capital-intensive, but everything in the petrochemical business is capital-intensive. US refineries are having to substantially change their operations because of the increasing production of unconventional oil, which yields a very different mix of distillates compared to conventional crude.
https://en.wikipedia.org/wiki/Fluid_catalytic_cracking
https://pubs.rsc.org/en/content/articlehtml/2015/cs/c5cs0037...