Wednesday, July 25, 2012

Refining oil: Stormy petrol

from The Economist:

Interesting story because it puts lie to the usual gloom and doom if we don't hurry up and drill in ANWR or other  pristine sites. Fact is; there's a glut of oil/gasoline in the world. I had always thought that the oil tankers brought the expensive black stuff to our shores where we refined it and distributed it to all of the pumps where we waited, wallet and nozzle in hand. Not so. Gasoline itself is what's found in those tankers. And since India and China have the more modern (productive) refineries, those tankers, more often than not, are delivering gasoline to our thirsty cars...there's more to it than that of course, so read the article for yourself.

'via Blog this'

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