Crude Oil
topic on 3 shows · 3 statements across 3 episodes
the Knowledge Project 
Catalyst 
TBPN
3 statements about Crude Oil, every show
In 1863, crude oil averaged $2/barrel while refined kerosene sold for $13/barrel
“Crude averaged two dollars a barrel, while refined kerosene sold for 13, and a refinery could be built for a thousand dollars and run with just a handful of men.”
Coogan: China imported $350B in semiconductors in 2020, exceeding crude oil
“In 2020, even before the AI boom, China imported Three hundred and fifty billion worth of semiconductors which was more than the value of the crude oil it imported that year.”