Crude Oil Peak Nowhere In Sight. Sorry. Not Sorry. -- March 18, 2021

Updates

Later, 3:21 p.m. CT: in response to the plastics shortage below a reader wrote -- 

A consequence to the Texas petchem industry curtailment might be a positive incentive to the anticipated FID for the Dilles Bottom, Ohio cracker plant build out.  

This will be a huge boost not only to the Appalachian Basin hydrocarbon industry, but the large number of downstream companies that use this ultra cheap feedstock will have strong financial encouragement to set up shop locally and greatly enhance the economic potential of this downtrodden region.

Original Post

From yesterday, a headline and story in The Wall Street Journal:

• Supply chain woes slam global manufacturing
• Texas deep freeze: triggers plastics shortage (so you think peak oil demand is so yesterday?)
• backlogs at California ports

Today -- plastics really do make a difference:   

• building on the story posted yesterday. 
• plastic prices hit record high to stoke inflation concerns;