(Conversation Recorded on October 25, 2022.)
On this episode, petroleum geologist Arthur Berman returns to discuss recent diesel shortages and go into depth on the importance of diesel and the complexity of getting it and other products from a barrel of crude oil. He and Nate also talk about the nuances of the global oil market as it shifts from the effects of the Russian/Ukraine war. Is the USA really a net exporter of petroleum and energy independent? And would making every car and truck on the road electric powered free us from needing crude oil?
About Arthur Berman
Arthur E. Berman is a petroleum geologist with 36 years of oil and gas industry experience. He is an expert on U.S. shale plays and is currently consulting for several E&P companies and capital groups in the energy sector.
Show Notes & Links to Learn More
14:23 – Rockefeller
18:33 – What is in a barrel of oil? (Slide #4)
22:27 – Chemistry of oil (slide #6)
28:25 – Paraffins
35:30 – Biodiesel
44:59 – Reforming
54:05 – The US is 85% energy independent
54:55 – Daily US Oil Imports and Exports
57:00 – Michael Levi
1:09:35 – How scarcity impacts cooperation
Teaser photo credit: By Meena Kadri – https://www.flickr.com/photos/meanestindian/408874300/, CC BY 2.0, https://commons.wikimedia.org/w/index.php?curid=1782921