[kccqzy]

Why care about oil when alternate fossil-fuel-free technologies have become mature? This could very well be the last straw to push many nations (except the U.S.) to massively buy Chinese solar panels and Chinese EVs to be oil independent.

[kasey_junk]

Chinese solar panels don’t help with plastics or industrial lubricants.

[wcoenen]

There is not going to be any shortage of plastics in the medium term.

Shale oil and gas production in the US produces vast quantities of ethane as a byproduct. This ethane is cracked into ethylene, a feedstock for making plastic. There is an oversupply of the stuff.

[vel0city]

The overabundance is a big part of why it's just not commercially viable to do much with recycled plastic. Places will practically give away the virgin material because they have to find someplace for it to go to keep producing other things.

[kccqzy]

The amount of oil used for plastics or lubricants is insignificant compared to the use of oil as energy. In the United States, lubricants use ~0.5% of all oil, and all industrial feedstock about 1%.

Don’t let perfect be the enemy of good.

[gerdesj]

Insignificant is its own minima (its an absolute) and doesn't need qualification.

You're not from these parts, are you?

[throwawaysleep]

About 80% of oil is burned in some way for fuel.

[gerdesj]

What on earth does that mean?

[kccqzy]

It means the oil is being used for its heat content when combusted. Such heat may be used directly or be converted to mechanical work in a heat engine.

[dboreham]

Exactly what it says? 80% of the oil extracted from the ground is burned. The other 20% is used to make things.

[throwawaysleep]

We burn 80% of the oil we take out of the ground. Oil production could drop 80% and we would not have to change anything other than demand for burning it.

[plastic-enjoyer]

Because policies are not made by rational decisions but by lobbyists...

[kccqzy]

That’s a United States phenomenon.