• 16:00 - 20:12
Kenneth M. Price Jr. | The Titanic, The Hindenburg, & The Oil Only Oligarchy
Modern Shipping Inefficiency, Global Oil Consumption Statistics
Modern maritime shipping has largely abandoned efficient steam turbines in favor of massive, expensive reciprocating piston engines powered by heavy fuel oil or liquefied natural gas. Statistics from Los Angeles International Airport in 2012 show a consumption of 15 billion gallons of fuel, illustrating the scale of the petroleum industry's wealth extraction. The transition away from coal is described as a move toward more expensive, toxic liquid fuels that benefit oil conglomerates.