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Gasoline Demand
I'm still looking for a record demand in gasoline over this Memorial Day weekend.
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Peak Renewables
Today's EIA news blurb:
After reaching record levels in 2013, United States imports of biomass-based diesel fuel (both biodiesel and renewable diesel) fell 36%, to 333 million gallons in 2014. Uncertainty surrounding future Renewable Fuel Standard (RFS) targets and the absence of a late-year influx of volumes from Argentina were two main factors in this decline. ---EIAThe glut of oil and natural gas probably had something to do with this 36% decrease.
It's not worth the effort, but is 333 million gallons of diesel fuel for the entire year of 2014 for the entire United States, including Hawaii, even a rounding error?
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Insider Information
Bonus EIA news blurb:
Angola is the second-largest oil producer in sub-Saharan Africa, behind Nigeria. The country experienced an oil production boom between 2002 and 2008 as production started at several deepwater fields…Angola has been the second-largest supplier of crude oil to China since 2005, behind Saudi Arabia. The United States, the European Union, and India are also major destinations for Angolan oil. However, U.S. imports of Angolan crude oil continue to decline because of increased U.S. production of similar quality crude grades. ---EIA
Yes, as one can see in the graphic below of the most recent publicly-released data, Angola's crude oil imports into the US have decreased from 4.941 million bbls in July, 2014, to 5.581 million bbls in December, 2014....
.... oh, never mind.
Don't tell me insiders in Washington, DC, don't see data up to three months sooner than the rest of us.
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