Free Republic

America has only 25 days of diesel supply thanks to Joe Biden’s economic crippling policies. A diesel fuel crisis will cripple the US. PJ Media shared the news over the weekend. The fuel that is used to transport US goods across the country is in a crisis situation: .... Snip..... “The US has just 25 days of diesel supply, the lowest since 2008, according to the Energy Information Administration. At the same time, the four-week rolling average of distillates supplied, a proxy for demand, rose to its highest seasonal level since 2007.” The Biden administration has remained strangely silent, probably...

My top 5 oil industry facts: 1) Oil is important. Shockingly, sometimes horrifically important. The world economy has been developing with oil as its lifeblood for over a hundred years. Oil is directly responsible for about 2.5% of world GDP [1], but accounts for 1/3rd of humanity's primary energy supply (>5 terawatts out of 15 terawatts total) [2]. It's over half if you include natural gas. World Energy Consumption by Source, in Terawatts World energy consumption Oil/gas powers 100% of all transportation, within a few significant figures of rounding error. Transportation, in turn, directly accounted for 1/6th of world GDP...

...The U.S. Environmental Protection Agency will impose a stricter nationwide limit on ozone, or smog, next month, requiring further pollution cuts from vehicles and industries just as Houston complies for the first time with the current standard, set in 1997. Thanks to cleanup efforts, favorable weather conditions and a slumping economy that reduced emissions-producing business and transportation, Houston will achieve the standard of 84 parts per billion, or 84 molecules of ozone for every billion molecules of air, by the thinnest of margins this year. But the new limit, lowered on the basis of more recent medical evidence, will be...

The dramatically increasing demand for oil in two emerging giants in Asia, China and India, has contributed to rising oil prices worldwide. Petroleum industry experts believe rapid growth in China, in particular, could increase competition for scarce energy resources and undermine global peace. Within the past decade, China has gone from being a nation with a modest amount of oil exports to being one of the world's largest importers. To some extent, Chinese imports are finished products from outside refineries, but there is no question that overall demand for energy in the world's most populous nation is growing fast. Matt...