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u235, medical headlines, rhinestone cowboy, fatten easily, robert oppenheimer, cgs, 0312969376, team fat, denver broncos, fat, news, fitzgerald theater, strategy, ray pride, the lives of the cowboys, There's very little call to seal and waterproof wooden galleons or hurl Greek fire at one's opponents. Now, all the products we distill and refine from crude oil – liquefied petroleum gas chicago arts (LPG or condensate, stuff like propane and butane), gasoline, diesel, kerosene, heating oil, fuel oil, asphalt chicago arts and coke chicago arts – can be derived from every grade of crude pumped out of the ground. But not every grade of crude can be refined into the same spread of substances. Without a lot of work, heavier, thicker, higher sulfur grades of petroleum (the bulk of the world's crude oil, including that produced by most OPEC countries) yields very little gasoline, while lighter, low-sulfur crudes yield substantially more gasoline. And gasoline, the motor fuel of choice for most of the world's passenger cars, is what matters. The more gasoline you can squeeze out of a barrel of crude, the greater the value of the crude.
People kill to control crude oil, largely fat because fat they believe they are entitled to own it and use it. There's a lot I don't know. I'm not a petroleum economist, or engineer, and I've never worked in the industry proper. Most of what I've learned I picked up from sources and other reporters during several years of covering markets and working with people who do. I suspect there are some things I have gotten wrong – or, more likely, not gotten quite right – and I stand fat ready to be corrected. I have, however, learned a lot, enough, maybe, to be amazed that it all works as well as it does. FIRST THINGS FIRST – PRICES AND TRADING The first thing to understand about petroleum is this: crude oil is only valuable because it can be made into other things. By itself, petroleum is virtually useless.
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