Posted on 11/10/2022 5:05:03 AM PST by george76
Distillate levels in the United States have plummeted to the lowest levels since 2008..
Low distillate inventories have sent diesel prices soaring.
...
The primary distillates are diesel, jet fuel ,and heating oil). However, in 2008 distillate levels were low coming out of spring. Currently, they are low going into fall. That’s far worse than the situation in 2008.
Distillate demand generally spikes in spring — when farmers are planting crops — and in fall, when they are harvesting those crops and people start buying fuel oil for winter. Thus, a low distillate inventory in late April 2008 isn’t quite as serious as a low inventory in October 2022. In fact, distillate inventories haven’t been this low in October since the EIA began reporting this data in 1982.
...
Third, U.S. refinery capacity has fallen in the past few years as several unprofitable refineries were closed. So, that’s a new factor that has appeared in the past couple of years.
But the primary reason is the cutoff of Russian imports. Prior to Russia’s invasion of Ukraine, the U.S. was importing nearly 700,000 barrels per day (BPD) of petroleum and petroleum products.
(Excerpt) Read more at oilprice.com ...
Railroad strike a couple weeks away....as it stands.
After shutting down the Keystone XL pipeline and issuing 30-some regulations to halt domestic energy production, Joe Biden went to Saudi Arabia, hat in hand, to beg the Arab sheiks to pump more oil for him.
Result? They laughed him out of the park. .
https://freerepublic.com/focus/f-chat/4079215/posts
Biden doesn't like drilling.
Biden doesn't like fracking.
Biden doesn't like pipelines.
Biden imposed sanctions on Russia.
Let's blame Putin for everything.
Tentative date for railroad strike is November 19th,
unless Congress intervenes.
The two largest railroad unions has been the bottleneck.
Was just getting ready to post up something to that extent.
Well said.
Not to worry...windmills...solar panels and back up powered by Unicorn farts will save us all.
I don’t see, “Because Biden only ordered that GAS be cheaper.”
NEEDS A REPEAT
Biden went to Saudi Arabia, hat in hand, to beg the Arab sheiks to pump more oil for him.
Result? They laughed him out of the park. .
Joe Biden went to Saudi Arabia, hat in hand, to beg the Arab sheiks to pump more oil for him.
Result? They laughed him out of the park..
Oil Price is a leftist site. Nothing they say is true.
This should be an interesting lesson for people in the northeast who heat with oil.
Reason Number 1: Stolen Elections come at a very high cost and bring with them dire consequences.
Only one reason.
No domestic production.
Through the third quarter of this year, the US has been exporting 6 million b/d (barrels per day) of petroleum distillates.
This includes 1.4 million b/d of diesel.
See: eia.gov
Just now I went to check on how the railroad strike scheduled for November is developing. The proposed strike has been moved to early December.
Railroad unions push back threatened strike date
cnn.com ^ | November 9, 2022 | Chris Isidore and Vanessa YurkevichPosted on 11/10/2022, 7:19:26 AM by ransomnote
see my 16...
There is only one reason...leftist control of the government.
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