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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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1 posted on 11/10/2022 5:05:03 AM PST by george76
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To: george76

Railroad strike a couple weeks away....as it stands.


2 posted on 11/10/2022 5:06:41 AM PST by Sacajaweau ( )
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To: Sacajaweau

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


3 posted on 11/10/2022 5:10:19 AM PST by george76 (Ward Churchill : Fake Indian, Fake Scholarship, and Fake Art)
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To: george76
But the primary reason is the cutoff of Russian imports.

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.

4 posted on 11/10/2022 5:11:41 AM PST by ClearCase_guy (We are already in a revolutionary period, and the Rule of Law means nothing. )
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To: Sacajaweau
Sacajaweau :" Railroad strike a couple weeks away....as it stands."

Tentative date for railroad strike is November 19th,
unless Congress intervenes.
The two largest railroad unions has been the bottleneck.

5 posted on 11/10/2022 5:13:14 AM PST by Tilted Irish Kilt
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To: ClearCase_guy

Was just getting ready to post up something to that extent.
Well said.


6 posted on 11/10/2022 5:13:55 AM PST by cranked
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To: ClearCase_guy

Not to worry...windmills...solar panels and back up powered by Unicorn farts will save us all.


7 posted on 11/10/2022 5:14:24 AM PST by spokeshave (Proud Boys, Angry Dads and Grumpy Grandads.)
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To: george76

I don’t see, “Because Biden only ordered that GAS be cheaper.”


8 posted on 11/10/2022 5:15:02 AM PST by Empire_of_Liberty
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To: george76

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. .


9 posted on 11/10/2022 5:15:49 AM PST by Liz (Man proposes.God disposes.)
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To: george76

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://www.thegatewaypundit.com/2022/10/biden-legacy-south-africa-confirms-saudi-arabia-will-join-brics-alliance-china-russia-move-away-us-explosive-consequences/


10 posted on 11/10/2022 5:16:43 AM PST by unread ("It's not enough that we do our best; sometimes we have to do what's required." W. Churchill.)
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To: george76

Oil Price is a leftist site. Nothing they say is true.


11 posted on 11/10/2022 5:17:02 AM PST by KobraKai
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To: Sacajaweau
I don't recall precisely, but I believe that the unions have been operating without a contract
for the last three years.
Some of the sticking points have been a staffing shortage,
and use of sick time (especially during the covid concerns).

12 posted on 11/10/2022 5:17:36 AM PST by Tilted Irish Kilt
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To: george76

This should be an interesting lesson for people in the northeast who heat with oil.


13 posted on 11/10/2022 5:18:17 AM PST by beef (Say NO to the WOE (War On Energy))
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To: george76

Reason Number 1: Stolen Elections come at a very high cost and bring with them dire consequences.


14 posted on 11/10/2022 5:18:20 AM PST by Howie66 (Let's Go Brandon!!)
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To: george76

Only one reason.
No domestic production.


15 posted on 11/10/2022 5:18:35 AM PST by Jonty30 (Some men want to see the world burn. It is they that want you to buy an electric car.)
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To: Tilted Irish Kilt

https://www.cnn.com/2022/11/09/business/railroad-strike-threat-postponed/index.html


16 posted on 11/10/2022 5:20:53 AM PST by Sacajaweau ( )
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To: george76
Interesting that your link does not include the USA’s exports of petroleum distillates this year of 2022.

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

17 posted on 11/10/2022 5:22:53 AM PST by Deaf Smith (When a Texan takes his chances, chances will be taken that's for sure.)
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To: Sacajaweau
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 Yurkevich

Posted on 11/10/2022, 7:19:26 AM by ransomnote


18 posted on 11/10/2022 5:24:23 AM PST by ransomnote (IN GOD WE TRUST)
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To: ransomnote

see my 16...


19 posted on 11/10/2022 5:25:28 AM PST by Sacajaweau ( )
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To: george76

There is only one reason...leftist control of the government.


20 posted on 11/10/2022 5:28:41 AM PST by servantboy777
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