Doom porn. It is illogical that the price of crude will skyrocket because there is a production shortage of diesel.
Exactly. If there is a constraint on refining capacity for fuel, this would be seen as a rise in FUEL prices (due to the shortage) and a decline in OIL prices (due to the glut of oil that can't be refined).
Could oil prices skyrocket to $200 a barrel or more?
Sure it "could" rise to $200. Sure it "could" rise to even more.
It "could" also go down to $0. It "could" go to -$200, where I'm paid to take a barrel. Or even lower than -$200, to take a barrel.
Not likely from a statistical perspective, but the enemedia couldn't care less when writing an article of doom (AOD).