Plastics, fertilizers, clothing, medicines and electronics: $100-a-barrel oil has huge downstream consequences

Tensions in the Middle East often trigger concerns about rising gasoline prices. But disruptions to oil supplies could affect much more than the cost of filling up a car. That’s because crude oil is not only burned as fuel. It is also the raw material for thousands of products that modern societies depend on, including plastics, fertilizers, clothing fibers, medicines and electronics.

As a biochemist, I’m interested in how certain chemicals can shape society, and oil is a prime example.

The stakes become clearer when looking at the Strait of Hormuz, a narrow waterway between Iran and Oman. About one-fifth of the world’s petroleum liquids consumption passes through the strait each day, making it one of the most important oil shipping routes on Earth. If conflict significantly disrupts traffic there, the effects could ripple far beyond energy markets.

Oil is a chemical starting point

Crude oil is a complex mixture of hydrocarbons – molecules made mainly of carbon and hydrogen. Refineries and chemical plants separate and transform these molecules into smaller chemical building blocks known as petrochemicals.

Some of the most important petrochemical building blocks include chemicals such as ethylene, propylene and benzene. Manufacturers can then convert these building blocks into more complex forms, which make up plastics, solvents, synthetic rubber and other industrial materials.

While fuel is a well-known product, fuels actually represents only a portion of what is produced from crude oil. The refining process generates a wide range of petroleum-based materials used to manufacture everyday items, such as plastics, medicines, electronics, cosmetics, clothing fibers and........

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