Thursday, May 12, 2022

NDIC Oil And Gas Website Down For Fourth Consecutive Day -- Part 2 -- May 12, 2022

I just realized that because I'm out of my normal rotation with the NDIC website down, I've been forgetting to check in on RBN Energy. Lo siento

So, let's see what I've missed. 

Oh, this is really cool. I haven't missed any of the RBN Energy  daily blogs. This (see below) is the most recent RBN Energy blog post (a day late because I don't have a subscription). 

I was going to talk about this issue yesterday -- this is a big story. Right now, we're looking at some type of diesel rationing on the east coast this summer, and it's very possible, we're going to see some airline route changes and warnings due to aviation fuel availability and cost at select airports. Everyone already knows about the aviation fuel debacle in Austin, TX. It will get worse. 

But anyway, from RBN Energy: this is part 2 on this subject. Part 1 already requires a subscription if one didn't archive it earlier. I did not. 

But here's part 2: jet fuel market recovery highlights challenges of transporting fuel to airports

Just over two years ago, the jet fuel market experienced an almost existential shock. In the space of only six or seven weeks, demand for the refined product plummeted by more than 70% as COVID-related lockdowns and air-travel restrictions were implemented. Fortunately, life in the U.S. has been returning to normal — albeit with some bumps along the way — and demand for jet fuel (a.k.a. “jet”) has been rebounding to near pre-pandemic levels. That re-emphasizes a nagging challenge, though, namely transporting large volumes of jet from refineries and import docks to hundreds of major and minor airports. In today’s RBN blog, we continue our look at jet fuel, this time with an examination of where it's produced and consumed, and how it gets from refineries to airports.

The jet fuel market has been on a wild ride since the pandemic started in early 2020. First, demand, prices and production tanked. Then came a slow, uneven recovery that continued through this past winter, when Russia’s war on Ukraine and other factors caused spikes in crude oil and jet fuel prices just as air-traffic volumes were finally returning to normal. We also explained that jet fuel is produced from crude oil at refineries through atmospheric distillation, followed by a series of treatments to remove unwanted elements such as sulfur, nitrogen and metals. And we noted that the U.S. is by far the world’s largest producer of jet fuel, and that while the U.S. is essentially self-sufficient regarding jet fuel — producing about as much as it consumes — we export and import relatively modest (and roughly equal) volumes, mostly because it’s more economic to import jet fuel to some parts of the U.S. than to transport it there from domestic refineries.

I'm not going to archive the full article. We'll see in The NY Times and Washington Post later this summer from a different perspective. 

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Worth Repeating

Why aren't oil companies pumping more? Link here.

  • Biden administration cancels Alaska and GofM oil and gas lease sale. -- CBS News.
  • I honestly can't make this stuff up.


Jen Psaki
: she was not lying when she said, "all options are on the table." 

She was telling the truth, she just wasn't answering the question that was asked. 
It's quite an art: in the old days, reporters were upset that the former White House press secretary would not answer the question. Now, Jen has taken this to a new level. She is not even listening to the question, but like a dog "blah blah blah blah blah dinner blah blah blah" when Jen hears "blah blah blah oil prices blah blah blah blah" she just answers her own question. 

 Yeah, all options are on the table.

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Hurricanes
Preaching To The Choir

Link here.

5 comments:

  1. We hear a lot about North Atlantic hurricanes because generally those are the ones that make landfall in the US.

    ReplyDelete
  2. recall diesel engines can run on food waste. Huh. Especially easy in the summer months. Who knew?

    ReplyDelete
    Replies
    1. I think that's what Willie Nelson's bus uses.

      Delete
  3. https://www.dmr.nd.gov/dmr/oilgas/dailyactivity

    ReplyDelete
    Replies
    1. Thank you so much. I'm finally starting to remember to look at that site. Much appreciated.

      Delete

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