144 Products Made From Petroleum And 4 That May Shock You

products made from petroleum

 

What products and uses does Petroleum have outside of Gasoline?

An April 2007 nationwide online survey revealed that 72 percent of the American public does not know that conventional plastic is made
from petroleum products, primarily oil. I assumed this was common knowledge. Apparently, it falls into the useless trivia category in most people’s brains. This reminds me of a video I was watching last week, the best of Jaywalking with Jay Leno on his final show. I didn’t see this one live, but it his jaywalking bit will be missed. If anything it should make you feel a lot smarter.

According to the US Energy Information Administration (EIA), this is a list of petroleum products and their share of total US petroleum consumption in 2013.

  • Gasoline 46%
  • Heating Oil / Diesel Fuel 20%
  • Jet Fuel ( kerosene) 8%
  • Propane / Propylene 7%
  • NGL / LRG 6%
  • Still Gas 4%
  • Petrochemical Feedstocks 2%
  • Petroleum Coke 2%
  • Residual / Heavy Fuel Oil 2%
  • Asphalt / Road Oil 2%
  • Lubricants 1%
  • Miscellaneous Products / Special Naphthas 0.4%
  • Other Liquids 1%
  • Aviation Gasoline 0.1%
  • Waxes 0.04%
  • Kerosene 0.02%

Here is a partial list of products made from petroleum?

There is quite a large list of products made from petroleum. This list is constantly growing as new inventions are created. Here are some of the items which are made from petroleum.

Solvents Diesel fuel Motor Oil Bearing Grease
Ink Floor Wax Ballpoint Pens Football Cleats
Upholstery Sweaters   (that explains the itchy sweater I have at home) Boats Insecticides
Bicycle Tires Sports Car Bodies Nail Polish Fishing lures
Dresses Tires Golf Bags Perfumes
Cassettes Dishwasher parts Tool Boxes Shoe Polish
Motorcycle Helmet Caulking Petroleum Jelly Transparent Tape
CD Player (do people still have these?) Faucet Washers Antiseptics Clothesline
Curtains Food Preservatives Basketballs Soap  (that explains why soap doesn’t clean oil off your hands)
Vitamin Capsules Antihistamines Purses Shoes
Dashboards Cortisone Deodorant Footballs
Putty Dyes Panty Hose Refrigerant
Percolators Life Jackets Rubbing Alcohol Linings
Skis TV Cabinets Shag Rugs Electrician’s Tape
Tool Racks Car Battery Cases Epoxy Paint
Mops Slacks Insect Repellent Oil Filters
Umbrellas Yarn Fertilizers Hair Coloring
Roofing Toilet Seats Fishing Rods Lipstick
Denture Adhesive Linoleum Ice Cube Trays Synthetic Rubber
Speakers Plastic Wood Electric Blankets Glycerin
Tennis Rackets Rubber Cement Fishing Boots Dice
Nylon Rope Candles Trash Bags House Paint
Water Pipes Hand Lotion Roller Skates Surf Boards
Shampoo Wheels Paint Rollers Shower Curtains
Guitar Strings Luggage Aspirin Safety Glasses
Antifreeze Football Helmets Awnings Eyeglasses (I thought they were made from glass)
Clothes Toothbrushes Ice Chests Footballs
Combs CD’s & DVD’s Paint Brushes Detergents
Vaporizers Balloons Sun Glasses Tents
Heart Valves Crayons Parachutes Telephones
Enamel Pillows Dishes Cameras
Anesthetics Artificial Turf Artificial limbs Bandages
Dentures Model Cars Folding Doors Hair Curlers
Cold cream Movie film Soft Contact lenses Drinking Cups
Fan Belts Car Enamel Shaving Cream Ammonia
Refrigerators Golf Balls Toothpaste (Yuck) Gasoline

While there will be a number of industries that benefit from lower oil prices, it isn’t usually an immediate effect. It takes time for input prices to filter through the corporate supply chain and the economy.

Given the large drop in oil prices, this should give you some ideas about areas that could benefit from these lower prices. Investing in the oil sector may require some caution. My thought is to be careful of catching a falling knife on oil prices. There will eventually be some great bargains in the oil and gas energy sector, but patience is always a virtue. Look elsewhere to related industries.


About Innovative Advisory Group: Innovative Advisory Group, LLC (IAG), an independent Registered Investment Advisory Firm, is bringing innovation to the wealth management industry by combining both traditional and alternative investments. IAG is unique in that they have an extensive understanding of the regulatory and financial considerations involved with self-directed IRAs and other retirement accounts. IAG advises clients on traditional investments, such as stocks, bonds, and mutual funds, as well as advising clients on alternative investments. IAG has a value-oriented approach to investing, which integrates specialized investment experience with extensive resources. 

For more information, you can visit  www.innovativewealth.com  

About the author: Kirk Chisholm is a Wealth Manager and Principal at Innovative Advisory Group. His roles at IAG are co-chair of the Investment Committee and Head of the Traditional Investment Risk Management Group. His background and areas of focus are portfolio management and investment analysis in both the traditional and non-traditional investment markets. He received a BA degree in Economics from Trinity College in Hartford, CT.

Disclaimer: This article is intended solely for informational purposes only, and in no manner intended to solicit any product or service. The opinions in this article are exclusively of the author(s) and may or may not reflect all those who are employed, either directly or indirectly or affiliated with Innovative Advisory Group, LLC.
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