On Thursday 03 January 2008 16:54, Jed Rothwell wrote: > leaking pen wrote: > > ><http://www.energy.ca.gov/gasoline/whats_in_barrel_oil.html>http:// www.energy.ca.gov/gasoline/whats_in_barrel_oil.html > > This shows that one barrel of crude oil is about 51% gasoline, 15% > distillate fuel, and so on. That does not affect the estimate of the > retail cost of gasoline that I posted earlier, because the 49% of the > barrel that is not gasoline is not thrown away. All fractions are > used, the way native Americans supposedly used the buffalo. Perhaps > the 1.7% "asphalt and road oil" is not worth as much per gallon as > gasoline, but it is worth something. > > Anyway, the formula I quoted is a rule of thumb. I did not mean to > imply that they actually divide the 42 gallons into gasoline and add > a buck a gallon. > > To summarize, for the grade of oil shown here, it takes two barrels > to make one barrel of gasoline, but the leftover barrel of glup & > sludge such as distillate fuel and jet fuel is also worth a lot of money. > > - Jed >
Jed and all This writer learned long ago in organic chem classes at university that as far as organics of any kind are concerned, they are infinitely chemically fungible as long as the costs in energy to do so are bearable, somewhere. So when an entity having petro resources wanted to, they would preferably make furnace oil in the winter and gas in the summer. The devil will be in the details of WHEN to change over and make the most money doing so; and the petro industry is certainly about profit and shuffling costs off to less economically forceful entities. Storage cap is finite, so if wrong decisions are made here and unsold stock piles up then such is the stuff of so called bargains, which is why it is sometiimes a good idea to buy your heating oil in April and your tractor gas in September. Remember that aside from this, most of the price of gas at the pump is somebody's profit(eering) not to mention the role such as it is of governmental taxation policy. Standing Bear back again in 08 and digging out from all the snow and spam lately appearing
