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Diesel Is The Hemoglobin Of The Economy
- Diesel is the primary fuel powering extraction, shipping, rail, and trucking that move raw materials and finished goods across the global economy.
- Arthur Berman calls diesel the "hemoglobin of the world economy," fueling mines, rigs, ships, trains, and trucks that supply consumer products.
Geology Determines Whether Oil Makes Gasoline Or Diesel
- Oil varies by geological cooking: deeper, hotter burial yields lighter, gasoline-prone oils; shallower burial yields heavier, kerosene-prone oils.
- Berman explains Spindletop oil was "light" and better for gasoline, while Rockefeller sourced heavier Ohio-Indiana oil for kerosene.
What A Barrel Actually Produces
- A typical barrel yields roughly 40–50% gasoline, ~20% diesel, ~15% natural gas liquids and the rest kerosene, fuel oils, asphalt, and lubricants.
- Berman outlines sequential distillation: light gases and NGLs come off first, then gasoline, kerosene/jet, diesel, and heavy residuum.