Diesel in America #
The Economist’s Tech.view columnist makes the interesting point that if diesel powered cars really do take off in America, we’ll all end up with much too much petrol (gasoline).
It doesn’t help that the catalytic crackers used by oil refineries in America are optimised to produce as much petrol as possible—typically about 50% of every barrel. Diesel accounts for only 15% of the rest, with the balance used to produce heating oil, jet fuel, heavy fuel, liquid petroleum gas, asphalt and other products.
Refineries in Europe and elsewhere tend to use hydrocrackers that produce 25% petrol and 25% diesel. They would like to produce more diesel than they currently do, but that would mean producing even more petrol than they need. At present, they export their surplus to America.
So, if America switched to diesel cars in a big way, the Europeans would be even more awash in unwanted petrol than they are today, and might have to dump it elsewhere or even idle some refinery capacity. Either way, the global price of diesel would soar still further.
I do wonder what, if any, place biodeisel deserves in such an analysis.