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The demand for gasoline may go down but the demand for the other 54% won't. We still need to pave roads, we still need medicine, tires, plastics, etc... You name a product and petroleum is either in it or was used to manufacture it. We can't extract what we need from petroleum without being left with gasoline.
We're seeing something similar happening in the cattle industry. Turns out people love to eat beef but they hate wearing it thanks to the PETA people. There's a glut of cow hides as a result and farmers don't know what to do with them. The lower demand in leather didn't lower the demand for beef. Kind of ironic that people are opting for pleathers instead that are made from oil.
Initially, oil was refined for kerosene for lamps and stoves. The rest was just discarded.
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"Damn fine car Dodge... Ran over me wife with a Dodge!", Zeke
Last edited by !LittleDragon; 10-23-2019 at 01:30 PM.
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