25 Days of Diesel Left WTH?

America!!!!!!!!

 

As a result, American refiners are enjoying the best-ever diesel margins, with the profit of turning a barrel of crude into one of diesel - i.e., the diesel crack spread - hitting a record high of $86.5 per barrel, up roughly 450% from the 2000-2020 average of $15.7 per barrel.

At least someone is profiting from it.

 

You'll have to get those old steam engines fired up again there's plenty of coal left.

 

Well…….Twitter banning anyone is funny in it self.

There is more than just this source that is reporting the issue. The EIA reported on it.

https://www.google.com/search?q=25+...l6LXNlcnAtbW9kZXPAAQE&sclient=mobile-gws-serp

So……….

 

I’m glad it wasn’t a Fox article or we may have seen a small novel written because they are BAD DUDES.

 

“If inventories decline between October and April by their 20-year average of about 25 million barrels, the US will emerge from winter with a little more than 80 million barrels in stock. That, according to Blas, is an unlikely scenario, however: The oil market would try to keep inventories from falling that much, with prices rising high enough to slow the economy, curtailing demand. Over the last 40 years, American diesel inventories have never dropped below 85 million barrels, even at the end of the heating season.”

Sounds like it’s on par with a normal peak period inventory level?

 

I appreciate it was a ‘longer than a 30 second read’ - most of the articles I read are sorely lacking in anything that resembles a researcable article.

 

Twitter suspended the NY Post for the Hunter Biden story too, but the FBI, after the damage was averted, has said that it was a true story. I think to 75% of the members here, a Twitter ban is the same as the seal from Underwriters Lab!