Most peculiar story today:
- Biden administration prepared to release home heating oil in the northeast. Say what? In May? Link here.
- so bizarre, I looked for another link: White House explores tapping emergency diesel reserve.
- heating oil SPR has only 1million bbls: drop in the bucket; non-story.
- confusing (?) diesel and heating oil from White House in same day; I don't understand any of this.
- go to the links and google other sources, if you want; I'm moving on.
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Grim Diesel
This might help explain things regarding diesel. From Doomberg.
Principal among the fossil fuels in its importance is diesel, one of the most abundant products derived from refining a barrel of oil (second to gasoline). Diesel engines are ideal for long-haul truckers and heavy-equipment operators because they provide superior torque at low RPM, critical for pulling heavy loads. Diesel engines are efficient, reliable, and durable. Without the fuel to power these engines, our supply chains would quickly seize up, grocery store shelves would be stripped bare, mining of all critical ores would cease, and riots would soon follow.
An urgent crisis is unfolding in the global supply of diesel – something Bloomberg energy and commodities columnist Javier Blas has been flagging for many months, both on Twitter and in print (emphasis added throughout):
“The dire diesel supply situation predates the Russian invasion of Ukraine. While global oil demand hasn’t yet reached its pre-pandemic level, global diesel consumption surged to a fresh all-time high in the fourth quarter of 2021. The boom reflects the lopsided Covid-19 economic recovery, with transportation demand spiking to ease supply-chain messes.
European refineries have struggled to match this revival in demand. One key reason is pricey natural gas. Refineries use gas to produce hydrogen, which they use to remove sulphur from diesel. The spike in gas prices in late 2021 made that process prohibitively expensive, cutting diesel output.”
The article needs to be archived.
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Global Warming
We'll be seeing a lot of stories on emissions this week, so let's get started.
Photo of the day, hypocrisy knows no bounds:
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Chinese EVs
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Flashback
By the year 2000 ...
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Ignorance Has No Bounds
By the way, as far as I know, the Texas grid held. No rolling blackouts in north Texas. No flickering of lights; no loss of a/c.
Soooo, the Global elites get Jet fuel powered Lear/Gulfstream Jets and we get electric Prius. Doesnt quite seem fair
ReplyDeleteTo add insult to injury, as they say, my hunch is that all those "fleet" jets are owned by NetJets -- a Warren Buffett company. If not that company, another "fleet jet" company.
ReplyDelete