Please correct me if im wrong... but 5 gallons of crude oil cannot simply be said to make 3 gallons of gas and 2 gallons of heating oil. The refining process takes many steps that separates hydrocarbons in different amounts along the way. 5 gallons of crude oil would create some octanes, some hydrogen gas, some kerosine, some alkenes, some diesel, etc.
I think you've oversimplified the cracking method.
Hello Mr Harper, Could you help me to understand why in the crude oil future markets, lots of traders often trade Jun/Dec & Dec red Dec future calendar spread, are there any fundamental reasons behind this?
Not natural gas but petroleum.
comecra85 6 months ago
cracking is an art
crudeoilsystems 8 months ago
Please correct me if im wrong... but 5 gallons of crude oil cannot simply be said to make 3 gallons of gas and 2 gallons of heating oil. The refining process takes many steps that separates hydrocarbons in different amounts along the way. 5 gallons of crude oil would create some octanes, some hydrogen gas, some kerosine, some alkenes, some diesel, etc.
I think you've oversimplified the cracking method.
jackson8777 1 year ago
Cracking is used to produce gasOLINE, not NATURAL gas.
tsabbad 1 year ago 4
Rick Simpson's "Hemp Oil"
industrialhemprocks 2 years ago
Hello Mr Harper, Could you help me to understand why in the crude oil future markets, lots of traders often trade Jun/Dec & Dec red Dec future calendar spread, are there any fundamental reasons behind this?
Seaxuan 2 years ago
Cool...makes it so intuitive..Thanks Mr Harper..all great videoes!
ashu851 2 years ago