3 chapters across the catalog
In a viral podcast clip, John Kiriakou claimed Venezuelan oil is too "dirty" to be refined into gasoline and can only be processed in specialty refineries in Florida for home heating oil. John C. Dvorak, a former refinery chemist, thoroughly deconstructs these claims, noting that Florida has no refineries and that Venezuelan heavy crude is actually highly valuable for producing gasoline and asphalt.
A California brewery owner reports a 300% increase in CO2 prices, a byproduct of oil refining and natural gas processing. High natural gas prices have forced manufacturers like CF Industries in the UK to suspend operations, further straining the supply of hydrogen and nitrogen products.
Global Rubber Shortage, Supply Chain Issues, Synthetic vs Natural Rubber
Reports of a "rubber apocalypse" suggest that pandemic-related supply chain disruptions are leading to a global shortage of natural rubber. While some news outlets focus on rubber trees, most commercial rubber is a synthetic product derived from oil refining. The shortage could impact thousands of products, from tires and medical gloves to condoms and underwear.
