pstarr wrote:NGL (counted by the liars at EIA) is not oil, but rather a minor subset that may replace some gasoline. This is why (among several reasons) diesel prices remain historically high. You can gin up the gas supply with fake gasoline substitutes, but not diesel which is made from real oil
Including ethanol as oil is equally disingenuous. It ruins engines. My 2-stroke and 4-stroke lawn tools are in the shop because the corn liqueur destroyed parts. What is that doing to the expensive volvo and tacoma? It is also has a negative EROEI and so is double counting. The natural gas, coal, petroleum that goes into farming and distillation should be debited from the IEA numbers.
Real oil is in decline.
Engines can be engineered to work with ethanol, no problem. Same way as engines changed when lead was omitted from gas. Bio-diesel is made from real vegetable oil. And it's profitable, too.