A Saturday Short
Crude Describes Unrefined Oil and Climate Alarmists
In 2003 the world consumed approximately 77.5 million barrels of crude oil each day. The usage rose each and every year through 2019 when 97.5 million barrels per day were consumed. Usage dropped in 2020 because of the coronavirus. The decrease continued into 2021 but was not as drastic. The growth as seen from 2003 through 2019 is expected for 2022. The Organization of Petroleum-exporting Countries (OPEC) as well as the United States Energy Information Administration (EIA) projects that there will be a steady increase in the requirement of crude through the year 2045.
Here is the related chart for the annual world consumption of crude oil per day:
Interestingly, despite the decline in oil consumption in 2020 and 2021, carbon dioxide emissions rose at about the same rate as in prior years, showing once again the infinitesimal amount of contributions made by human activity.
Calculating it out, the annual crude usage worldwide is about 37.6 billion barrels. A standard barrel contains 42 US gallons of crude oil. Refining actually gains 2 gallons of petroleum products. A barrel of crude can be broken down into the products shown in the following graphic:
The “Other Products” would include lubricants, naphtha, and waxes all the way to toiletries and perfumes. The linked article writes about the 6,000 products made from refined crude. Yet eco-politicians and climate alarmists say we need to, at some point, completely eliminate oil. They are either foolish, extremely simple, or using the declaration for an ulterior motive.
In 1880, near the beginning of large-scale oil use, life expectancy was 39½ years - by 2020 it was 79. While it has been foods, medicines, housing, and many other factors, for this expansion of longevity, they were all made available, accessible, and affordable by fossil fuels. This proves that advocate climate change politicians, scientists, and activists are in essence anti-human through anti-energy. In fact, many of us would be pushing up the proverbial daisy except for the use and delivery of fossil-fueled energies.