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Four Reasons Why The U.S. Is Grappling With A Diesel Shortage
Oil Price ^ | Nov 05, 2022 | Robert Rapier -

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 ...


TOPICS: Business/Economy; News/Current Events; Politics/Elections; Russia
KEYWORDS: diesel; dieselprices; energy; keystone; keystonepipeline; keystonexl; keystonexlpipeline; petroleum; pipeline; pipelines; prices; production
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To: beef

Yes, a good lesson. Unfortunately they haven’t learned anything from the lessons so far, and won’t likely learn anything from the fuel shortage lesson.


21 posted on 11/10/2022 5:30:31 AM PST by RLM
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To: george76

Incopmetnance/fraud in government is what I see as a cause.


22 posted on 11/10/2022 5:33:22 AM PST by mountainlion (Live well for those that did not make it back.)
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To: george76

Four reasons? Hardly needed at all. The real reasons:
1. Democrats


23 posted on 11/10/2022 5:34:47 AM PST by ProtectOurFreedom (The “I” in Democrat stands for “Integrity.”)
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To: Jonty30

+1


24 posted on 11/10/2022 5:35:07 AM PST by Brown Bag Special (Trust but VERIFY )
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To: george76
Four Reasons Why ...

Pedo Joe
Pedo Joe
Pedo Joe
Pedo Joe

25 posted on 11/10/2022 5:35:30 AM PST by tomkat ( SOTU = FUBAR)
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To: george76

Joe did that.


26 posted on 11/10/2022 5:36:03 AM PST by AndyJackson
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To: Liz

Even with that embarrassing debacle of him shutting down US production and going begging around the world, the election was still within the margin of fraud in most states.

The opposition party fails to make much headway in the House running against the least popular president in generations? That just screams “fraud.”


27 posted on 11/10/2022 5:38:16 AM PST by ProtectOurFreedom (The “I” in Democrat stands for “Integrity.”)
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To: Howie66
Four Reasons Why The U.S. Is Grappling With A Diesel Shortage
  1. 2020 Steal
  2. 2020 Steal
  3. 2020 Steal
  4. 2020 Steal

28 posted on 11/10/2022 5:38:48 AM PST by Pollard (Worm & GMO Free - some call us purebloods)
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To: Sacajaweau; metmom; Godzilla; Carriage Hill
from your hot like in Post #16 (CNN) :

" The two largest rail unions, the Brotherhood of Locomotive Engineers and Trainmen and the Sheet Metal, Air, Rail and Transportation union, which represents conductors,
are holding their own ratification votes, the results of which are due November 21.
If one or both of those unions reject the deals, they would be prepared to strike December 9."

"If one or both of those contracts are voted down, the BMWED said it is ready to further push its strike date back to December 9."

H/T to Sacajaweau

29 posted on 11/10/2022 5:40:53 AM PST by Tilted Irish Kilt
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To: ClearCase_guy

Biden doesn’t like drilling.
Biden doesn’t like fracking.
Biden doesn’t like pipelines.
Biden imposed sanctions on Russia.

Biden doesn’t like financing fossil fuels in any regard.


30 posted on 11/10/2022 5:41:11 AM PST by PIF (They came for me and mine ... now its your turn)
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To: george76

No new US refinery since 1977 is the primary reason for the diesel crunch - the rest is just one excuse or another, with the exception of Biden/Klain/0bama war on fossil fuels.


31 posted on 11/10/2022 5:45:17 AM PST by PIF (They came for me and mine ... now its your turn)
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To: ProtectOurFreedom

GOOD WRAP.


32 posted on 11/10/2022 5:45:53 AM PST by Liz (Man proposes.God disposes.)
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To: george76
There is only one reason: Biden.

33 posted on 11/10/2022 5:53:28 AM PST by BitWielder1 (I'd rather have Unequal Wealth than Equal Poverty.)
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To: george76

Reason for diesel is shortage Joe Biden.


34 posted on 11/10/2022 5:59:06 AM PST by chopperk
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To: Tilted Irish Kilt

I am not a Union Guy. In fact I hate unions. Mostly because my dad was forced to be a Teamster when he was an owner operator semi truck driver.

All that being said, I do not blame the union railroad workers for striking. The management of the six major North American railroads have done a terrible job running their railroads in the last three years. They cut staff to a minimum to increase profitability. To the point that they literally did not have enough people/crews to run the trains.

Their service was terrible for three years. Again, pushing companies in the lumber industry to rely more on trucks than rail shipments.
Their employees are overworked. Their sick leave system is complete BS.

So, IMHO I do not blame them for striking.


35 posted on 11/10/2022 6:00:04 AM PST by woodbutcher1963
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To: BitWielder1

The bureaucrats keep adding regulations…the drillers are not ramping up….there only going to use profits to add rigs…most are just sending money to shareholders…


36 posted on 11/10/2022 6:01:27 AM PST by Hojczyk
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To: RLM

They’d rather freeze to death than vote R to save their asses.


37 posted on 11/10/2022 6:03:17 AM PST by ProtectOurFreedom (The “I” in Democrat stands for “Integrity.”)
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To: mountainlion

Peel the onion one more layer and you find nothing but ballot / election fraud and stolen elections.

It is not incompetence at all. It is intentional.


38 posted on 11/10/2022 6:06:25 AM PST by ProtectOurFreedom (The “I” in Democrat stands for “Integrity.”)
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To: ClearCase_guy

The truth exposes indeed


39 posted on 11/10/2022 6:08:00 AM PST by Vaduz (LAWYERS )
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To: george76

Hmmmm. Four reasons:
Biden
Harris
Buttigieg
Granholm


40 posted on 11/10/2022 6:08:28 AM PST by antidemoncrat
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