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1,088,139 Views • Feb 29, 2024 • Click to toggle off description
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Views : 1,088,139
Genre: Science & Technology
Date of upload: Feb 29, 2024 ^^
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RYD date created : 2024-05-12T17:29:28.761541Z
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YouTube Comments - 2,667 Comments
Top Comments of this video!! :3
The United States has light sweet crude oil. Which refines almost one for one into gasoline. A little less into kerosene. We import heavy crude because you can get gasoline, diesel, kerosene, carbon chains used in plastics and even fine sand used in pool filters we get from heavy crude.
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Transfer of wealth usually occur during market crash, so the more stocks drop, the more I buy, in the meanwhile I'm just focused on making better investments and earning more as recession fear increases, apparently there are strategies to 3x gains in this present market cos I read of someone that pulled a profit of $350k within 6months, and it would really help if you could make a video covering these strategies.
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Around here (Delaware River), once home to the largest oil refining complex on the East Coast, eight refineries at its peak, only four remain due to deindustrialization and foreign competition. They import tons of crude from Saudi Arabia, Nigeria, Angola, Venezuela, Mexico, Norway, Scotland, Iraq, Newfoundland, Canada, Colombia, Gabon, Congo, Chad, and the former Soviet Union. Those refineries here were built to handle those types of crudes along with crude from Texas.
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We will need oil even if it is no longer fuel. Still need it for medial supplies, lubricant's, computer parts, car parts, etc.
811 |
Your explanation of refineries leaves out an important detail: you can’t make all the products from any one kind of oil. To continue with your analogy, strawberry oil can only make butane, propane and gasoline, while chocolate oil can also make gasoline, but is the only thing that can make airplane fuel and bunker oil. Heavy oil makes heavy products, light oil makes light products. You can’t get everything we use from either kind.
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All oil is not equal in chemical composition, hence not all oil can be used for the same purposes. Most of our oil is not fuel grade oil, although we do have sweet crude production. We trade our oil to countries that need what we have in exchange for the types of oil we need here in the U.S. There are also oils that are still to young to produce, the oil needs to cook a little bit longer. Oil and Natural Gas are the result of natural geologic processes, and as long as those processes continue, this planet will never run out of oil and natural gas.
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So 👉👈, what’s it gonna take to open those other 946 nuclear power plants!?
85 |
How can you not mention the Jones Act? This plays a HUGE part in why the US exports and imports rather than moving it around our own country
1K |
I have worked in the oil and gas industry for years. When you talk about strawberry and chocolate oil you are somewhat mistaken. The difference is what they call heavy oil (Bitumen) and thin light crude oil. The technology to modify heavy oil into thin light crude oil exists and we use it in Canada a lot. We process it in an upgrader and then it can be refined in a regular refinery.
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We need new refineries...desinged to process more of our oil
35 |
An interesting observation: the OPEC embargo was the 1973-74 winter, we waited in long lines to buy fuel. Alaska wasn't producing much oil yet, the pipeline was under construction. In May, 1974 we left Tacoma, WA for Fairbanks, AK. No gas shortages in Canada; it was man-made by US politicians and bureaucrats. Same thing in 1975, traveling from VA to CA, time was limited because I was taking my family home before I left for Germany (US Army). Got to Barstow, CA, middle of nowhere, need gas. Signs say no gas so I asked when they expected the tanker; he replied that they had plenty of gas but government regulations set limits on what they could sell each day. At midnight they opened the pumps for a new day.
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The strawberry and chocolate analogy is good, but you could have also used the real technical terms in tandem for real informative and educational value
360 |
Since US oil is freely traded, it goes to the highest bidder which isn’t necessarily a US refinery. It can be cheaper for US refiners to purchase foreign crude rather than domestic.
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Oil extracted here is already promised to foreign customers. The price of oil products depends on processing capacity. Fewer plants guarantee higher prices & higher prices mean much more profit from reduced production, & all the costs that go with it. Export means filling tank cars & sending them directly to ports along the shoreline. Simplicity.
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Love the graphics. You put a ton of work and imagination into this video. Thank you.
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Sometimes oversimplifying things ends up straying from the meaning. California policy has made it so difficult to pump oil out of the ground that there is no economic way it can compete with foreign oil. The Biden administration's ban on expanded pipelines means that any additional domestically sourced oil absolutely cannot be used in America as the transfer apparatus is already at capacity. The Biden promise to shut down the fossil fuel industry in 10 years means that there is no reasonable source of funds to modernize existing refineries. The Jones Act also prevents domestic oil from being moved by ship to excess refining capacity and there is only so much trains and trucking can do while still making any economic sense. Trying to explain this topic with any degree of accuracy without a comprehensive analysis of the broken US political system is impossible.
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Canadian crude is too thick to be pumped through the pipeline to U.S. refineries, so light oil must be shipped to Aberta to be mixed with Canadian crude so it can be pumped to the southern U.S. to be refined .
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I remember when I just got into crypto back in 2019 but later in 2020 I ended up selling it because I was dumb and I didn't understand it. I studied and learned and now I know how it works. Got back into crypto early in 2023 with 10k and I'm up with 244k in a short period of time .This comment serves as motivation for all those who have invested and continue to invest in cryptocurrencies with so many losses, do not give up, cryptocurrencies can change your life. Do your best to connect with the right people and you will surely see changes.
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GR8 way to explain sweet & heavy crude. U get more from heavy but production volume is cheap w/ sweet. @ least that's what was explained to me by people who have spent their lives, @ all levels, in the trade. Many thanx 👍👍
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@unrealistic5996
2 months ago
Texas chemical engineer here. not sure if you touched on this but a big reason we import oil to texas is due to texas’ unique oil refineries built to refine heavy hydrocarbons and generally “nasty oil”. many countries have no means of refining their oil and will sell there crude for cheap to the few countries that can refine it.
1K |