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Why is oil still so valuable?
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Breakdown
0:00lesson
Oil premium vs. other hydrocarbons
- Oil most expensive hydrocarbon on board
- Natural gas & liquids much cheaper
- Natural gas volume exceeds oil underground
- Refined products match engine molecular needs
- Global engine fleet designed for oil derivatives
0:01lesson
Historical gas handling limitations
- Natural gas long flared or vented
- No high-pressure tech for gas handling
- Gas tech is relatively modern invention
- Oil infrastructure predates gas systems
- Gas not usable until tech matured
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