Oil and Gas Conservation as an Investment for Our Future
Tuesday, February 19th, 2013This data from the EIA shows that only 7.2% of the nearly 7 billion barrels of oil consumed in the United States each year is used for manufacturing that includes lubricants and plastics and asphalt among other things, while ~93% is burned and converted to energy. For natural gas, with a total of 335 billion [...]
This data from the EIA shows that only 7.2% of the nearly 7 billion barrels of oil consumed in the United States each year is used for manufacturing that includes lubricants and plastics and asphalt among other things, while ~93% is burned and converted to energy. For natural gas, with a total of 335 billion cubic feet consumed, ~97% is burned, and only 3.3% is used for manufacturing (predominately plastics). Using more oil and gas for manufacturing uses and in general saving it for future uses is a valuable investment strategy that outperforms many alternative financial investments we could make. Read the rest of this entry »



















