25 days till we run out of diesel fuel

[Velo Vol]

From an article when they lifted the export ban. Isn't this exactly what happened? We have a refinery shortage now in the NE, which is where there is a diesel shortage.

 

[hog88]

From an article when they lifted the export ban. Isn't this exactly what happened? We have a refinery shortage now in the NE, which is where there is a diesel shortage.

View attachment 507146

How a massive refinery shortage is contributing to high gas prices

US refining capacity falls to lowest mark in 8 years amid record prices: EIA

And of course when the largest refinery on the east coast shutters it's going to impact that area.

After Explosion, Philadelphia Refinery To Be Permanently Shut Down

 

[Orangeburst]

"You're talking about a lot of money to get these refineries that are idled up and running...when I'm being told five years from now, we hope you don't exist," Cinquegrana says.

 

[Orangeburst]

I am afraid we have crossed the bridge and can never return. Businesses cannot complete capital projects on the whims on the wind that change every 4-8 years.
Going to get worse and it is going to decimate the economic growth of our nation and personal finances.
Biggest dumb move by any power in world history. America will never be the same. The Feds are going to have to spend trillions in subsidies they do not have. Epic disaster.

 

[LargeOrange1]

In Bozo the Clown voice, "Well I dunno!"

Your brain is like Bozo's so your voice may as well match.

 

[K-town Vol Fan]

It’d be nice if we were producing as much oil as we was 2 years ago. Maybe we wouldn’t be in this mess.

Were actually producing more

U.S. Field Production of Crude Oil (Thousand Barrels per Day)

 

[Orangeburst]

Were actually producing more

U.S. Field Production of Crude Oil (Thousand Barrels per Day)

What about refinery capacity?
Capital Projects that take years to implement.
Take the XL..the barriers were put in place for decades.
What kind of investment decision did that turn out to be?

 

[Velo Vol]

Were actually producing more

U.S. Field Production of Crude Oil (Thousand Barrels per Day)

Looks like we are producing more now than in 2018, but not 2019. But you'd have no idea of that if you only listened to/watched some people.

 

[Septic]

Were actually producing more

U.S. Field Production of Crude Oil (Thousand Barrels per Day)

"bUt wE Ne3d t0 dRIlL MoAr!"

 

[Septic]

What about refinery capacity?
Capital Projects that take years to implement.
Take the XL..the barriers were put in place for decades.
What kind of investment decision did that turn out to be?

How can that be? I've been told that the current president is the exclusive reason for the high gas prices!?

 

[85SugarVol]

"bUt wE Ne3d t0 dRIlL MoAr!"

We can’t refine it. But drilling more would lower the global price of oil, no?

 

[K-town Vol Fan]

Anyone who believes we are actually going to "run out of diesel" in 25 days is...well...stupid.

 

[Septic]

We can’t refine it. But drilling more would lower the global price of oil, no?

No. Opec would just reduce the amount they release.

 

[Septic]

Anyone who believes we are actually going to "run out of diesel" in 25 days is...well...stupid.

This totally not a mid term election scare tactic.

 

[85SugarVol]

No. Opec would just reduce the amount they release.

Perhaps in the short run.

 

[Velo Vol]

This totally not a mid term election scare tactic.

It is true that diesel stockpiles are low. Maybe some stations will briefly run out?

But yes, the point of Tucker's segment is get people riled up against Democrats (and Ukrainine), not an honest examination of how we got here.

 

[Rasputin_Vol]

I understand the reason diesel is higher now but before Obama became president, diesel was cheaper than gas. We will get hosed no matter what we do. It’d be nice if we were producing as much oil as we was 2 years ago. Maybe we wouldn’t be in this mess.

Or how about this... how about we do two things. Drop Russian sanctions and build more domestic refineries?

 

[hog88]

Or how about this... how about we do two things. Drop Russian sanctions and build more domestic refineries?

Russian sanctions have nothing to do with the cost of diesel fuel.

 

[Septic]

Or how about this... how about we do two things. Drop Russian sanctions and build more domestic refineries?

Or...

How about "we" increase Russian sanctions so you and your motherland can choke on the fat c**k of freedom?

 

[norrislakevol]

I am afraid we have crossed the bridge and can never return. Businesses cannot complete capital projects on the whims on the wind that change every 4-8 years.
Going to get worse and it is going to decimate the economic growth of our nation and personal finances.
Biggest dumb move by any power in world history. America will never be the same. The Feds are going to have to spend trillions in subsidies they do not have. Epic disaster.

Yes. Even if the biggest portions of the green new deal never pass, companies cannot afford to invest large amounts on projects that may be forcibly scrapped even before they start up if socialists are in charge of all 3 branches of government in DC. We need an energy protection act that is very hard to repeal.

 

[UT_VOLS13]

Fuel company issues diesel shortage warning, says conditions 'rapidly devolving'

 

[NorthDallas40]

Russian sanctions have nothing to do with the cost of diesel fuel.

Well he had to try he can’t help himself.

 

[AM64]

There is just something wrong with this article's title. Before Biden, we didn't have to have a crappy economy in order to have fuel?

Apparently there were no new refineries built in the US since the 70s, and a recent article said some had closed and others are reducing their workload. Makes you think that telling an industry there is no future and trying to fund long range and cost intensive commercial projects when investment markets and industry are focused on short term profits is going to be the end of us.

 

[AM64]

Do you think we have a sufficient energy supply problem to now restrict exports?

It looks like exporting crude may not be the problem given the refining outlook.

 

[AM64]

I am afraid we have crossed the bridge and can never return. Businesses cannot complete capital projects on the whims on the wind that change every 4-8 years.
Going to get worse and it is going to decimate the economic growth of our nation and personal finances.
Biggest dumb move by any power in world history. America will never be the same. The Feds are going to have to spend trillions in subsidies they do not have. Epic disaster.

Investment markets were developed to provide the capital and sanity for industry and agriculture to work. Now they are gambling institutions ... dreams of short term plunder - not long term capital intensive projects funded with excessive amounts of retirement funds that have no place else to go. That's a really bad mix, and karma is not a nice lady. Not to worry investors like Buffett are going to enjoy your retirement.