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by throwawaysleep 98 days ago
About 80% of oil is burned in some way for fuel.
1 comments

What on earth does that mean?
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.
Exactly what it says? 80% of the oil extracted from the ground is burned. The other 20% is used to make things.
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.