Petroleum is derived from the Greek word meaning 'rock oil,' and true petroleum includes crude oil and condensate (the light liquid fraction of crude), which together contain approximately 93% of the energy content of crude oil and should be counted as 'oil' in energy accounting.
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Speaker
Art BermanEvidence Quote
“Petroleum, it's a Greek word and it means rock oil. And everything that comes from oil, I'm calling oil production... crude oil and condensate... still in that 93% of energy content.”
Source
Arthur Berman: "Peak Oil - The Hedonic Adjustment" | The Great Simplification #54— Nate HagensCreated: 8/12/2026, 5:55:57 PM
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