Economist focus on its impact/little impact to renewable energy, but covers little on transportation and industry use.
Use of petroleum
- Fuel (74% based on EIA) for transportation
- Petrol - for cars (46%)
- Diesel - for heavy machines (20%)
- Kerosene - for jets (8%)
- Non Fuel
- Petroleum jelly
- Lubricating oils
- Plastics
- Solvent
Use for transportation
- Auto industry
- Electricity car - Less popular
- Fuel efficiency car - Less popular
- SUV more popular
- Auto maker needs to be flexible to adjust to consumer and market
- Logistic industry
- Fedex/UPS - Cheaper
- Free shipping provided by Amazon - More
- Airline and airplane
- Air ticket price - lower
- More flight to new routes
- Airplane to promote fuel efficiency - less poppular
- Airplane buying - fewer/delayed
- Taxi
- More savings for taxi drivers
- Agriculture
- Production - cheaper
- Shipping - cheaper
- Global trading
- Processed food
- less shipping fees
- cheaper plastic
- Customers
- More money to spend from saving on gas
Use for industry
- Chemistry industry
- Lower cost
- Manufacturing
- Lower cost of chemistry
- Lower cost of shipping
- If not related to energy capital investment
- House building
- PVC pipe, asphalt, shingles, paint and etc
- interest rate will be low (from low inflation)
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