What's the Real Story With the Price of Crude Oil? [View article]
Mr. Oil Baron's heart may be in the right place but he's wrong about nuclear substituting for oil. Nuclear runs power plants. Oil does not, at least in the US. Last time we looked, oil powered exactly one US electric utility, a small one in Hawaii. 70% of oil is used in transportation, the rest for heating oil, petrochemicals, plastic resins etc.
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Mr. Oil Baron's heart may be in the right place but he's wrong about nuclear substituting for oil. Nuclear runs power plants. Oil does not, at least in the US. Last time we looked, oil powered exactly one US electric utility, a small one in Hawaii. 70% of oil is used in transportation, the rest for heating oil, petrochemicals, plastic resins etc.
May 25 11:04 am
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All Comments by elliot_mllr »What's the Real Story With the Price of Crude Oil? [View article]