dolanbaker wrote:I have a 900 litre heating oil tank, I just got 500 litres of heating oil (first purchase in over 2 years), am I hoarding?
My guess is that the average Chang is simply stocking up on fuel while it is cheap.
ROCKMAN wrote:Tikib - Read the article. Their numbers: China is "hoarding" 500,000 bbls of oil per day. That's 0.6% of the current global oil production that China is "stealing" from the market place. To each his own but I have a different concept of hoarding. Such as the cruel hoarding of Blue Bell ice cream going on in Texas right now: on my last two trips to the store the shelves were empty. How the hell can I hoard my fair share if others are beating me out? LOL.
Nah, just mix in some Canadian tar sand and you can make plenty of diesel. Our diesel yields have been going up, not down. And the US is exporting more than 5x as much diesel as China.Revi wrote:Interesting that China is exporting diesel. With our fracking we are producing lots of condensate, which can't be changed into diesel, so we need that stuff!
Distillate yields at U.S. refineries are risingSince 2001, distillate yields have followed an upward trend. The recent uptick in distillate yield can partly be explained by the significantly higher price margins over the cost of crude oil for distillate relative to gasoline. It can also be explained by growing distillate exports.
Refineries in the U.S. still average about 1.5 times as much gasoline as distillate from each barrel of oil refined, down from about 2 times from the 1990s to 2004.
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