NGLs: Ohio’s Plastics Industry’s Juicy Secret || Peter Zeihan
HTML-код
- Опубликовано: 8 апр 2024
- Since I'm here in Ohio, why not talk about what makes this region so unique. Today, we'll be discussing how shale in Ohio has propelled economic growth in an unfamiliar way.
Full Newsletter: mailchi.mp/zeihan/ngls-ohios-...
Where to find more?
Subscribe to the Newsletter: bit.ly/3NyQu4l
Subscribe to the RUclips Channel: bit.ly/3Ny9UXb
Listen to the Podcast: spoti.fi/3iJyNEe
Zeihan on Geopolitics website: zeihan.com/
Purchase the Global Outlook Webinar Here: bit.ly/3xBvRxd
Where to find me on Social Media?
Twitter: bit.ly/3E1E95D
LinkedIn: bit.ly/3zJAW8b
Instagram: bit.ly/3IW2mgp
Facebook: bit.ly/3ZIAjHk
#shale #oil #ohio #plastic
That means in layman’s terms, Ohio will make alot of propane and propane accessories
Hmmmm Yep.
Hmm yep
King of the hill?
Thanks Mr. Hill!
Dammit, Bobby!
Thanks for taking the selfie with my son while you were in southern Ohio. He and i are both big fans
Wow! Peter is standing in the parking lot of my elementary school. This was the site of Fort Harmar, built in 1787 to prevent settlement on the west side of the Ohio. Marietta was the first organized settlement permitted by Congress in the Northwest Territory, established 1788. A few days after Peter visited, he would have gotten his feet wet where he is standing. The Ohio flooded with many of the downtown streets covered.
Oh wow! You've been in a place where other people have been. And someone had a camera. You are the best
Completely off topic: thank you for continuing to film video horizontally instead of vertically. The new trend of filming vertically makes my eye twitch.
Dumbphone tech sucks.
@@michaeldowson6988
Happiness was a warm phone in the 2020s.
@@waynemasters8673 when I was a child my dad was emotionally unavailable and my mom was overbearing. Prolly why I sucked on my cell phone and slept with my ipad more than my bruhs
U nailed it 😂
The bridge in the background is the Williamstown(WV)-Marietta Bridge. Harmar Village is across the Muskingum River from Marietta. My father was a land surveyor and I helped him with many surveys on the WV side.
My mom used to stand on the Ohio side in the early 1900’s as a kid and they and the WV kids would yell insults across at each other. When she lived up river they would take the horse and buggy across to Sistersville to shop! She loved growing up on the river.
My grandfather was a Wildcatter oilman starting in the 1890’s. He started in Pennsylvania, moved to Eastern Ohio where my mom was born in Marietta-right across from where you are. Then the Permian basin was found and they were off to Oklahoma, followed by California when oil was found in Taft. My mom married a Californian and had me 75 years ago. I’m proud of my background and my grandpas accomplishments.
Hello from Taft & Santa Paula (Great history there !)
Ohio has been a leader in high-end polymers for several decades now.
Somehow Peter missed that factoid.
theyve also been a leader in crime and crappy apartments and places to live. Theyre a leader in a lot.
@@PolishBehemoth Ohio is 29th place in violent crime among the 50 states, but yeah, continue to make stuff up...
In Peter's world, maybe over decades is 'suddenly'?
@@PolishBehemothhaha..oh you nailed it there bud. You're so witty. So just stay on your couch blob,and stay away..we're just fine.
I lived on west side of Marietta for six years, and as soon as I move away, Zeihan comes to do a video.
Much love from Northeast Ohio.
Same Stark County here
Summit county here lol
Same, cuyahoga county here
@@benweiss4956 👍👍
Thank you. Used to live in Mayfield Heights. LOVED the lake effect snow. Unlike Colorado you guys can keep the roads clear, even during lake effect snow events.
Thank you Peter.
Double thumbs up.
You always find the best backdrop no matter where you are.
The Rust Belt is back baby!
Exactly! And not a moment too soon!
If it was back then we'd stop calling it that, it was called that because of its collapse.
We still need to bring back raw steel manufacturing. We still have the inputs for it.
Hello from the Permian Basin!!!
I live in a former milltown that sits on the Utica Shale. For a couple decades, I've been arguing with progressive friends about Fracking, which they thought was all about hated "big oil" (Rule number one: know little about, argue passionately against). The locals voted down "anti-fracking" measures (billed as "clean water" initiatives) and I told friends, not to worry, we'll get to vote on it until we get it right. Sure enough, it was on the ballot multiple times -- but then the benefits of fracking began rolling in and the opponents gave up.
In anycase, it was always the downstream manufacturing employment oppotunities for the youngins that I emphasized. They can't all work for the government.
Here in Colorado, frackers threaten cities with endless, endless lawsuits untell they take exactly what they want. Frackers in Colorado force cities to give owned cities mineral rights and rights of way for pipping and transport just to stop sueing the city. Too many oil executives live in forested mountain towns while claiming local participation. Oil top management makes bank, period, snoozes legislators then moves suburb to suburb repeating the pattern. Colorado oil/ frackers take private property endlessly/ block recording of such, all equipped by Colorado Attorney General Coffman. Oil will dominate your city councils rendering the citizenship perpetual battles intended to exhaust. Bankrupt uncapped, leaking wells everywhere, such that the Colorado Front Range looks like it has been chicken poxed. Colorado Front Range is heavy in fracking and much less in automotive than Denver and can too often not see the near major mountains, particullary in the summer. It's not missed this is the general area of fire jumping city to city, recently upping fire insurance. The area has air quality at LA levels while the industry advertises Colorado has such strong regulations. Colorado won it's first, in the state, fracking pad "canceled" after 7+ years of oil winning every pad it wished for at the protest of communities it invades. "Regulation board" hardly. "Work with the community", hardly. Colorado neighborhoods, cities, and people have been harassed to death by oil and frackers. What's the score, CO 1, OIL 9,000+ wells. Colorado raped-yep. Your "benefits" have only just begun they will claim. RUN.
CO2 is actually a rather weak greenhouse gas (water vapor -- you know, the stuff rain comes from -- is much stronger). As a political gas, though, CO2 is much stronger than hot air.
We don't need massive government programs to fight global warming. A carbon tax, increased over decades to allow the economy to adapt, would do the trick. The issue became an excuse for centralized control of the economy for the benefit of certain groups in the political present (which comes at the expense of others), not what the weather would be like in a couple of centuries.
If you don't like fracking, wait until you get a load of the strip mines that produce the material for battery guts as well as lots and lots of tailings (but as long as they are in Africa and China, it'll be OK). No war for oil? Try no war for dozens of other essential items with long, complex names in countries you are only vaguely aware of.@@Adi-bo5do
@@lindamckibben2828 I was going to say, "If they are fracking on children's playgrounds, they're doing it wrong," but I see you edited that out.
The hydrocarbon revolution actually started in my neck of the woods. I can go for a walk and look down someone's driveway and see an oil/gas well nestled among the trees. These days they don't produce much. There are, as you say, thousands of them and yet no one complains. In the 1990s heating costs soared as gas production fell (natural gas was piped from the Gulf of Mexico) but have come down considerably since the advent of fracking.
There is naturally occurring gas here that seeps up from the rock strata below and mixes with the groundwater, hence the flaming well water coming out of people's taps that you sometimes see in anti-fracking ads (it doesn't come from fracking). Not to mention naturally occurring radon! It's radioactive! It's seeping into your house! We should have panicked about that a century ago. It shows a real lack of foresight.
Howdy from Cincinnati. Ohio is on the verge of something great, we just need our state and local politicians to stay out of the way and keep their hands out of the cookie jar.
Seconded
So, you're as far away from it as humanly possible
Follow the Norwegian model.
@@benjaminbrewer2569my thoughts exactly. These resources are finite. If they eat, we should eat too.
I believe the state just approved fracking on public lands for a cut of the profits. I’d like to see us employ that logic across the whole state.
Since almost 100% of OH politicians are firmly in the fascism camp, that seems unlikely.
Plus we have the best eclipses, Peter! The best!
As a born, bred, and still resident of Ohio (Canton), thanks Peter for your shout out to us 🎉. However, just wish celebrating one of Ohio’s strengths wasn’t our contribution to making more plastic. 😢 Sure hope we get that micro-plastic eating algae 🦠 thing figured out soon.
And Canton McKinley HS Football powerhouse.
Is is the biodegradable plastics that they will be making? Or... Possibly plastics that can be used in a 3D printer that can make tiny homes for our homeless people?
I pray that the plastics the make does not make the island on the Pacific bigger and more deadly 🙏
Hopefully, something to lift up the region, economically again. Now if they could repeal the Jones Act.
Diversity of the economy and various product sources is key.
I love how human ingenuity works.
Yeah!! Ohio!!!
And a very different report… A positive one!
Thanks Peter.
Wish I knew he was in Marietta. How do we find out your speaking engagement schedule, to attend and support you?
Peter, you NEED to tell us when you're in town! I would've loved to hear you speak at Marietta College in person. I live not far, and it would've been an easy drive. Even if I had to pay a $50 entry fee.
Fascinating!!!
Immediately recognize teh Williamstown bridge in the background.
Same reason that all the world class petrochemical plants were built in TX and LA. NGL's from Wet Natural Gas. They also contain condensate aka natural gasoline, which needs to be isomerized to achieve high enough octane rating.
Like the guy in the movie told The Graduate
One Word
I got that, even thou never watched the movie, thumbs up comment.
The Ohio river is about as majestic as one would imagine.
Are you referring to the toxins in the water, and especially mercury, that has until recently restricted the recommended fish consumption to a few ounces per year? A restriction that still hovers between "no more than 1 meal per month" and "no more than 6 meals per year"?
Or is it all the plants and factories along the banks that pull in water from the river and contribute to all those toxins?
The Ohio River is one of the worst rivers in the country. It's in a valley surrounded by hills through its entire length. You can't even see it through the trees or over the median of many of the roads that run along side it, and where there is enough flat land along it for anything meaningful or to get a good view, there are old towns with rundown housing surrounding a factory of some sort.
I live right on the river and work has taken me up and down most of its length numerous times over the years, and I can tell you with certainty there is nothing majestic about it. There are, however, a lot of beautiful streams flowing into it that aren't muddled up with ghetto housing or big industries.
It looks very ... wet.
It appears very Lake-ish.
@@thatguy7369
Mercury
Antimony
Japanese reagent
Esters
Styrene
Thallium
Iridium
Cadmium
Yea cause we’ve been dumping our trash and waste in it for over a century
Dude, that’s hysterical!
That was fascinating
I love the vesper sparrows singing in the background
Peter, please cover how australia gives billions to an agency that protects the coral reef with only 3 employees!
Interesting- do tell!
There for a conference to give a talk, or there to have caught the eclipse?
The Harmar Inn has a most excellent steak dinner and their fried bologna sandwiches are unique.
I love refining. It's brilliant.
Well it would seem that the re-shoring of American industry is producing some unexpected fruit. Thanks for the update.
I work for a company in Austintown, Ohio that makes plastic processing equipment. It's nice to have customer's in the tri state area...
Love the shades.
Alberta also has a thriving plastics industry
Enjoyed your Marietta College interview, cruddy audio aside. ;)
The oil industry in America actually started in northeastern Ohio in the late 1800s. At that time it was the "oil capitol of the world." That expanded into western Pennsylvania, and moved eventually to Texas, as larger oil reserves were discovered in the 1920s-'30s. Propane is widely used here for home heating and cooking. The waste product of fracking (which is how you get the gas out of the shale) is something to which they give the innocent sounding name of "brine." Brine is waste water laced with all sorts of very nasty toxic stuff. To get rid of the brine in Ohio, they drill wells down to about 5000 feet depth and pump the waste water into the ground. Nobody knows the long term effects of this practice, but I imagine our descendants will eventually find out. The brine waste water is highly toxic, and cannot be simply dumped into rivers or kept in storage ponds because its too dangerous and toxic. So our solution here in Ohio? Just bury it deeper.
Marietta is my hometown!
Can't wait for his next book 'I told you so is just the beginning'
In the movie Lincoln, one of the characters suggested America was blessed with "infinite abundance." I'm beginning to think he might have been right.
Cool that you've found an audience in that neck of the Appalachia.
Going with both your coverage in Georgia per the Savannah port, recent events in Baltimore, and upcoming developments in North Carolina.. ..curious if you've a similar sort of audience such as to more specifically cover _that_ side of the hydrocarbon deposits, their extraction, and infrastructural developments being planned? Might be a few months ahead of how Ohio & Pennsylvania are preparing for regional changes but then it is the early bird that..
Polymers class at Ohio State chemical engineering taught by Dr.Cooper was no joke.
Thumbs up from Australia.
Thumbsup yurAus is correct
Oh you said thumbs up from Australia. My mistake sorry 🙏
Technically your thumb is pointing down from our perspective. I gave this a thumbs down as well. Cheers mate.
Thank you sir!
I always appreciate your expertise Mr. Zeihan!
Damn those sunnies are loud 😎
Now get rid of the Jones act so we can ship it cheap
Much love from Medina!
Well, the one manufacturing sub sector that employs plastics and ciuld not be exported to China were medical devices. FDA rulling , every change in design must have blueprints approved by the FDA. Now they can do it cheaper.
Well. With propane/butane mixture, they can refill the cigarette lighters for free. Also true for small gas tools which use such mixture, like camping lights, hair straighteners, electronic soldering irons, gas torches, and the Olympic flame. Other than, naturally, produce tons and tons of polypropylene plastics for the most disparate uses.
Thank you Mr. Zehian for the interesting update.
Greetings from the UK,
Anthony
Peter that is a very awesome insight and departure from all the usual European groanings (which I massively appreciate also). Youre a wordsmith at the least.
Hope you are well and look forward to your future insights.
Go Flames go! Haha
Come to Pittsburgh pls
Wow!, interesting.... who would have expected it from Ohio.
Great insight as always, however, the world has to stop the parabolic run up of plastic production. Recycling won't fix the problem.
Busy Bee for Breakfast and the Harmar tavern for dinner. 👍
Ohio is one of the most affordable places to live, if you can find work and IF you like gray skies for 6 months straight, maybe 8.
Still waiting for the Stop Oil/Green Revolution types to do the math
The "Eco Warriors" failed in "maths" and common sense, so you'll have a long wait, and they are just jetting back from the ski season, so they will have to "work remotely" for a fortnight to charge their "circadian" batteries up!?!
Haven't you heard? Math is racist.
You shouldn't be so dismissive. Yeah, there are people out carrying signs that don't understand the short-term math. The long-term math is another story.
In an age of restricted capital and manpower it's going to take governments getting behind non-fossil-fuel power generation and pushing a little to keep the ball rolling. You never know when some guy working in a university basement who loves batteries is going to solve the storage problem.
The other thing to keep in mind is that while the US is good for petrochemicals that isn't true everywhere, and that sort of disparity has historically been _bad_. Just because we don't have such a pressing need for a new paradigm locally doesn't mean we shouldn't be working on it for other reasons.
@@TomTomicMic That's the strangest strawman I've seen in a while - but you did certainly give me a good chuckle, sir!
@@zacnewman7140 "working on it" is one thing; it's entirely another to be trying to cancel oil&gas production.
❤ The heart of it all…
Thank you for your valuable information Peter! It really helps to have me reconsider where to move to since my state sucks, Ohio now being an option.
I would not base the decision to move to Ohio on a two minute YT video.
Is your state Minnesota by any chance? 🙂
@@gregberry9122 oh yeah no, it just gives me a point to look into.
That bridge looks like another erector set bridge like in Baltimore that all crumbles to the water when hit by anything.
we get condensate here in Ohio PA West Virginia, a little bit of oil, a lot of condensate that’s what keeps the wells in Ohio and the Pittsburgh area open as where the Wells and Northern PA are being shut in because they are truly dry gas Wells nothing comes up but gas
Morning
Good news for a change.
Could this lead to an increase of industrial grade glycine made here rather than having to import so much from donghua jinlong?
Peter didn't outline it for the bots and laymorons bluntly, smart. In a year or so this will be the norm for better or worse.
"Daddy says butane's a bastard gas"
- Bobby
My family ran a propane business for three generations back in NY state where I grew up, and I live in Ohio. Maybe I should pick back up the family mantle and get into the new-age future propane industry. 😂
Ohio (outside Columbus) is getting a cpu chip factory too. The future of Ohio is looking bright.
Hey! The river isn't on fire!!
Read Toxic Holocaust written in the 90s. It will come to fruition sooner than you think...
Dang Pete.. your in my neck of the woods
Zeihan right here in my stomping grounds. Pretty cool.
I hated working the oil field, but I did like the utica. Them ol rice boys named their sites after comics, that was pretty cool. I think they were advised to change the names, not sure if they did. I think they sold out to eqt eventually.
Calibrated a million of those orifice efms out that way. Merica is doing just fine with resource.
Good times and decent money, but I enjoy my soft hands better.
Could the same thing happen in the Bakken oil fields?
Best of all, the area does not have to worry about the Atchafalaya stealing the river, unlike the petrochemical industries along the lower Mississippi.
Welcome to Ohio
Hey you were in West Virginia?!
My wife often claims we could be energy self-sufficient if my natural gas productivity could be captured
ha! aloha fr hawaii! fermented veggies is all the rage!
@@garyonuma Kim Chi powah, bruddah 🤙
Hank Hill would be proud.
🎶 HEY'HO-Way2GO - Ohio 🎶
🎵🎸🎸🎸🎵
I read that in her voice. :)
Ohio kids listened to Mrs. Robinson's husband all those years ago.
Hey Peter, as far as I know, propane is an engineered product manufactured from oil whereas natural gas is a naturally occurring gas. Maybe propane can be manufactured from the natural gas liquids you were talking about but that may need to be clarified.
Two Ohio vids this year already? 👀 Annnd how many Michigan? 😏😂
I was thinking about this yesterday.
What if Putin decides to use his gold reserve the same way Venezuela uses its gold reserve to trade with Iran for oil ridge parts?
Is there a countermeasure for that?
Oh, thank goodness- MORE PLASTICS!!!
What is coming to light since deglobalizing away (attempting to, anyway) from reliance on Chinese goods is the fact that America has had the base materials for MAJOR production of commodities necessary to create our own industrial outputs. Which, in my opinion, also brings to light that American greed, ie "capitalism", helped to create the Chinese industrial behemoth. I have been saying for the last 3 daycades that we should bring it all home. Why feed the Chinese economy, or any other, when we can grow our own and make the world reliant on US for products AND protection? Love to Ohio, Love to PZ!
plastic formers will always tend to be where labor is cheap.
@@victorhopper6774or robotic?
@@moggadah some have been using that for almost 30 years
Is there Helium with shale?
I only ask because last night I was at dinner with some people who were in that field and one of them made a comment that with 1% Helium, you could throw the Oil and Natural Gas away and still be profitable. The comment was in the context of a new field that had a must higher percentage than that.
It just make curious.
Friend, you really do get around. I'm sure glad I don't travel the way you do.
I was there for the 2017 eclipse
Ohio bridge, same design as the Baltimore bridge? Well, keep up the fight with that Jones act...
I always thought butane and propane were also considered part of natural gas.
They are part of the gas stream that comes out of the ground. They are separated from the gas in order to meet gas pipeline specifications. They're converted to liquids in order to make them easier to move, ship, and store.
At the oil/gas separator they come off in the gas stream and little bits are left in the oil stream. So yeah at the well head C3 and C4 are in the gas. Later down the line the NGLs are stripped and the gas is dehydrated and H2S is removed to become "pipeline quality" gas. The NGLs move by pipeline to the refineries and chemical plants.
Welcome from Pittsburgh.
How do u know this much about flare gas, and the other methods of dealing with surplus, but you still don’t support BTC?
And we can expect the river to burn again. Fire on the water. Last century.
They should not be allowed to process the crude without being able to process and capture the gas as well. You cannot say your working in a refinery if you do not extract all the products, your only working in a small part of a refinery. On top of that there are a lot of other products that come from crude are they flaring them as well, Immoral waste that is. Same for the gas producers.