Over the next few months, the shortages could become even worse when heating season begins, which will coincide with the planned EU ban on imports of Russian seaborne fuels at the start of 2023.
-WiscoDave
Friday, August 12, 2022
The Global Diesel Crunch Is Going To Get Worse
Despite signs of weakening economic growth globally, regional diesel markets are tight and could tighten even further when winter comes and when Europe bans imports of Russian crude and fuels. Distillate fuel inventories are low in the United States and Europe. Stockpiles in the U.S. haven't increased this summer as usual, and in one month since the end of June, they have seen the biggest drawdown for this time of the year in at least 32 years. The fuel market in Europe is even tighter as industries and utilities look to switch to oil products from natural gas, whose prices are at record highs after Russia slashed deliveries to the EU and showed it could not be considered a reliable energy supplier.
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The rooskies were reliable until anal swab and his merry band of tyrants pushed the envelope, and now its time to pay the piper. Wake the fuck up.
ReplyDeleteChutes Magoo
Fuck Joe Biden!
ReplyDeleteBullshit! You cannot choose how much diesel to produce. Each barrel contains a certain percentage of diesel. It's just like when you break down and distil mash into liquor .
ReplyDeleteThe chemistry is a bit complicated, but you can adjust the amount of diesel that you get out of each barrel of crude by a bit (albeit at the cost of other distillates)
DeleteYes, all true, but this is for our own good, right? Right?
ReplyDeleteFJB.
I feel bad for the folks up here on fixed incomes that heat with oil.
ReplyDelete60% of Maine homes are heated with heating oil.
I was fortunate to buy 8 ton of wood pellets at a good price which will keep me warm for 2 1/2 years.