Q back up. Drivers hit the roads again, and we also started buying way more stuff. You started off talking about how petroleum is in everything we use. How much of the increase in demand is related to just transportation fuels? And how much is related to all the stuff that we buy that's now sitting in ships backed up in ports and plastics and in the material world around us?
A So there are two economics to the barrel of oil, or I will say three economics to the barrel of oil, almost like three cuts in a way. There are the large volume products like gasoline and diesel, and jet fuel's in the middle, but gasoline and diesel. They constitute about 40%, 50% of the barrel. They don't trade at hugely high prices, but they trade in very massive volumes. So that's one cut. There's another cut of the barrel. I guess I would put, um, jet fuel and then all of those petrochemical feedstocks. They trade on smaller volumes, but a very high value proposition. And then there's the bottom of the barrel. The bottom of the barrel is asphalt for roads and petroleum coke, which is the solid residue that you wring out of the heaviest oils. That's like coal. They traded very low values, but if you don't trade them, you have to throw them away. So those three things don't all move at the same level. Pace. So you're talking about the pandemic and not using gasoline, but we used a lot of diesel because we had a lot of Amazon orders. You know, there were a lot of trucks on the road during the pandemic moving the stuff that we weren't buying at stores. So those things don't move in lockstep, and that's the complicated nature of getting off oil, because you have different things that have different prices that are demanded differently, and oil is a composite barrel, but they mak…
AI assessment note: “gasoline and diesel. They constitute about 40%, 50% of the barrel.”