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Page added on March 4, 2023
The Global Diesel Crisis Isn’t Over Yet
When the EU and the U.S. were discussing oil sanctions against Russia, some analysts warned that while markets would shrug off the oil embargo, things would be different for fuels. Because every economy runs on diesel, and global diesel stocks were critically low.
Global diesel stocks remain critically low a month after the fuel embargo went into effect. U.S. crude oil exports to Europe are on a strong rise as a replacement for Russian barrels, but fuels production is in decline because of winter storms. There is one thing that has helped both the U.S. and Europe avoid a diesel shortage, and that, ironically, is the economic slowdown.
Reuters’ John Kemp reported in early February that U.S. diesel fuel inventories had started the year at critically low levels despite a buildup of inventories since October thanks to higher refinery run rates and a mild winter that capped demand for middle distillates.
He noted, however, that any pickup in economic activity, pressured by inflation, could deepen the imbalance between supply and demand, fueling further inflation despite the Fed’s efforts to rein it in with a series of rate hikes.
Indeed, new data released by the federal government this week confirmed freight transport and manufacturing in the final months of 2022 had slowed down. This would normally not be seen as good news, but when there’s a looming diesel shortage on the horizon, and the only thing that’s keeping it on the horizon is an economic slowdown, things begin to look different.\
The situation is quite precarious and basically comes down to being stuck between the rock of inflation and the hard place of a recession, which, for some observers, is already a fact and, for others, will be successfully avoided.
While opinions on the possibility of a recession in the United States remain split, including in the business world, opinions on the importance of diesel for the U.S. economy, as for any other economy, are necessarily unanimous. And this means that one way or another, a recession is unavoidable.
Indeed, Reuters’ Kemp has argued that recession will manifest sooner or later because either central banks would raise borrowing costs to an unpalatable level in their attempts to control inflation or inflation will do its job and cause shrinkage in spending and industrial activity, adding up to a recession.
Diesel consumption, then, is a good marker of where the economy is going—towards natural or artificial recession. For now, it seems that the two are working together: one look at the oil industry reveals cautious higher spending plans because of inflation and equally cautious growth plans because of higher borrowing costs.
The U.S. manufacturing sector has been posting contractions for four months in a row. This is not good news GDP-wise, but through the diesel lens, it’s not that bad either. Signs of a pickup in activity, on the other hand, while a positive development from an economic growth perspective, would lead to higher diesel demand, which would further stock depletion and ultimately contribute to inflation.
With the slowdown in manufacturing activity, diesel demand declined, and inventories began to rebuild. However, as Kemp noted in a recent column, inventories remain at multi-year lows, and any pickup in activity will result in a price spike.
The situation is not unlike a vicious circle, and breaking out of it would be a challenge. Diesel stocks are critically low. If demand rebounds, prices will rise, pushing inflation higher. If demand remains slow because of lower economic activity, inventories could get rebuilt, but this would take a long time, during which the U.S. economy will effectively be in recession.
The way out is if refiners ramp up distillate fuels production substantially, but no refiner would ever do that unless there is demand for those fuels on the market. There is also the issue of smaller refining capacity—the result of refinery conversions and closures in recent years. The state of diesel suggests there’s still pain ahead for the U.S. economy.
By Irina Slav for Oilprice.com
32 Comments on "The Global Diesel Crisis Isn’t Over Yet"
makati1 on Sat, 4th Mar 2023 5:07 pm
Maybe it will balance out in a few months? The West is dying, economically and all other ways. They are already in a recession, headed for a depression. All the fake numbers do not change reality.
Reality is that the power is moving East. Russia may straddle the continent but it is growing it’s Eastern prospects and abandoning the West. China, India, and most S.E. Asian countries are moving forward as the West retrogrades in most important areas.
If/when the US causes a war with China, in Taiwan, the West is going to slip into a Middle Ages lifestyle. Amerikans better start reading the labels on the things they buy, as most come from…China and India, directly or indirectly. Most meds or their ingredients, the rare earths for electronics, the smart phone they own, etc.. The West manufactures very little that the serfs need or want. The factories are in Asia and all the BS about them coming back to the US is just that, BS. But that discussion is for another time.
eeee e on Mon, 6th Mar 2023 8:29 am
XCEPTIONALLY LOW TEMPERATURES STRIKE THE ANTARCTIC PLATEAU; SOCAL RESIDENTS: “HELP US!”; AUSTRALIA’S COOL FEB; + INDIA, THE WORLD’S THIRD-BIGGEST PRODUCER, TO START IMPORTING WHEAT
https://electroverse.info/antarctic-plateau-socal-residents-help-us-australias-cool-feb-india-to-import-wheat/
We should not sell India wheat. They are one of the nation that we need. We should not sell Wheat to India and let them starver to death. This is a great opportunity to start a cleanup. We let them die in India.
ee e e on Mon, 6th Mar 2023 8:31 am
Made a mistake
We should not sell wheat to India. They are one of the nation that we DON’T need. We should not sell Wheat to India and we should let them starve to death. This is a great opportunity to start a cleanup. We let them die in India. They are dumping their excess population of Whites nations. why should we help them.
Dredd on Mon, 6th Mar 2023 8:34 am
“Yet” is a biggly word …
… tic tok … goes the doomsday clock … tic tok (Humble Oil-Qaeda – 3).
ee on Mon, 6th Mar 2023 9:12 am
Another cock sucker (0:16) with the beginning of deadly facial skin cancer. We still control the core of the calculator for biologicals life form of earth. You just have an input device to create life form, but you don’t run their body chemistry and electrical signal system, the calculator does.
https://www.youtube.com/watch?v=2t_i6C4luFQ
ee e e on Mon, 6th Mar 2023 10:48 am
Why go on a porn site, when you can have youtube.
https://www.youtube.com/watch?v=tEM96jJKTko
eee on Mon, 6th Mar 2023 10:54 am
2:10 to 2:20 some kind of mating teasing, I bit like the animal do in the wild
https://www.youtube.com/watch?v=g7C-XkaiQN0
ee e e on Mon, 6th Mar 2023 11:21 am
The goal of international law system is to force of set of collectives value on the whole world. For example you cannot kill the immigrant coming to Europe by boat because it is against the international law system. Normally a nation should be allowed to kill immigrants showing to its shore by boat. A nation is supposed to be sovereign.
The international law system make sure that you conform to certain approve behaviors. It is paralyzing the world into a certain death and stopping drastic actions that are needed because of natural resources depletion caused by globalism.
I said to GOD this morning, come and pick me up. I have interest to work with earth.
eee e on Mon, 6th Mar 2023 11:27 am
Made a mistake
I said to GOD this morning, come and pick me up. I have NO desires to fix earth problems.
eee e on Mon, 6th Mar 2023 11:34 am
I believe that the international law system should abolish. It is mainly the Europeans that have created the international law system to dominate the world. It is also the European that have create the globalism to steal natural resources without having to build an army.
ee e ee on Mon, 6th Mar 2023 11:41 am
International Criminal Court is located The Hague, Netherlands. I told you the Europeans are using the international law system to dominate the world and install their value system.
You want more proof, look at the website below.
https://www.eiir.eu/
https://www.europeanlawinstitute.eu/
https://www.britannica.com/topic/international-law
International law reflects the establishment and subsequent modification of a world system founded almost exclusively on the notion that independent sovereign states are the only relevant actors in the international system. The essential structure of international law was mapped out during the European Renaissance
e e e e on Mon, 6th Mar 2023 1:19 pm
Here we have an androgynous female with a male face, male shoulders but she/he has a vagina. 0:00 0:45. Notice the lack of breasts.
https://www.youtube.com/watch?v=YPx5AjZYYN8
ee e e e on Mon, 6th Mar 2023 1:27 pm
Now you understand why maybe they have this obsession with pronouns. If you are dealing with an androgynous specie, maybe it is a tactic coming from them to get accept as an androgynous specie among human.
What is this below, an she or an he
https://www.youtube.com/watch?v=YPx5AjZYYN8
Why an androgynous specie would want to procreate with humans, if it is the case
eee e e on Mon, 6th Mar 2023 1:36 pm
If you are an androgynous specie, you have no define sex identity, you are both together. Do you define yourself as a male of a female if you are both together. Maybe this is the real reason around pronouns obsession.
https://www.youtube.com/watch?v=YPx5AjZYYN8
Why an androgynous specie would want to procreate with humans, if it is the case
eee on Mon, 6th Mar 2023 1:46 pm
Another androgynous bitch/dog.
https://www.youtube.com/watch?v=TaVeGzV6-lk
Do they need to procreate with real male human to save their specie ? Just asking, I don’t know.
eeee e on Mon, 6th Mar 2023 1:53 pm
There is not much real human left. I have not seen a real human in 3 years now, since the beginning of the COVID. Am I supposed to procreate until death to save an androgynous specie.
https://www.youtube.com/watch?v=g7C-XkaiQN0
These videos are made to incite to mating. Unless all woman are just cheap whore that like to see their pussies for money
eee e e on Mon, 6th Mar 2023 1:57 pm
0:17 look at the finger. These are the fingers you will see on a reptile in the jungle.
https://www.youtube.com/watch?v=CkHlq5zLMPY
ee e e on Mon, 6th Mar 2023 2:17 pm
Another androgynous insect. They are here to improve their by procreating with real human like me. I am just looking for answer.
https://www.youtube.com/watch?v=LiaJy4Zc9H8
ee e e on Mon, 6th Mar 2023 4:25 pm
This is obviously and androgynous hybrid female. This is what I will believe until I get info that tell me I am wrong. This is to prepare us to a new reality mainly made of hybrid. Half-human half-something else. The ball of hair on top of the head will be changed for something else, like a ball of flesh or a ball feathers. The color might be orange or red. Some shit.
https://www.youtube.com/watch?v=5HswL9z6RgU
I have a problem with that. I am not interested to move into a new reality. I would preferred eternal death instead. I find these reality stuff boring, something I feel I did multiple time in the past.
The clock is backward and earth reality will eventually die. Until I get new information that disprove the backward time clock I will stick to this theory. I don’t think that all the population of the earth will move into a new reality. For example I don’t want to Indian for India to move into a new reality, same with the Jews, they stay on earth and die.
ee e on Mon, 6th Mar 2023 4:35 pm
I really have a problem with the beings of flesh. I think it is time to move away from the beings of flesh.
ee e on Mon, 6th Mar 2023 4:45 pm
You are not going to start a new reality and bring the shitty Jews race there. The first thing the Jews will try to do is to control the place with a monetary system. Just look at what they did to the US with this double citizens. They do the same thing in another. It is time for the Jews race to go extinct.
Indians from India are too ugly and primitive and should die here.
ee e on Mon, 6th Mar 2023 5:07 pm
In fact the whole world is not ready to move into another reality. If everything was depending on me, I would select between 10 to 20 high IQ Whites Nordic masculine man and move them into a new reality and then I would destroy earth. 99.9999999999999999% of the population is staying and dying here on earth.
ee e e on Mon, 6th Mar 2023 6:32 pm
Another flesh reality does not work for me. Transfering the Jews is another reality is unacceptable to me, esappavel after how they destroy. Nobody wants the Jews in a new reality.
We don’t need a new reality of flesh. We need upgraded being with upgraded eyes sight that can see electro-magnetic field, long-term permanent memory, upgraded mathematical mental computational power (can resolve mentally a 10000×10000 linear matrix). We don’t need more flesh reality. We really don’t a new flesh reality. I have a big problem with that
eee e e on Mon, 6th Mar 2023 6:46 pm
Just seeing the word Jews, Israel, Jewish, Israelis give me skin irritation. Especially after how they destroy, infiltrated and subverted the US. They completely destroy the US.
No Jews nowhere else. No fucking flesh reality anymore. No fucking way.
We need enhanced beings, not more flesh realities. We need reality where enhanced and improved beings can live peacefully. Fuck the flesh beings
eee e e on Mon, 6th Mar 2023 11:32 pm
I guess we could destroy the US by internal migration. Now all the Walmart in Portland are closed. This means that it will most likely create internal migration within the US.
Portland 600 000 people. Let’s say 200 000 move Seattle and 100 000 move to Tacoma and they repeat the same pattern of stealing merchandise from Walmart.
All Walmart in Seattle and Tacoma close. People move out of these cities repeat the same pattern of stealing merchandises from Walmart. And then the pattern goes on and on until all the Walmart in the US are closed and the nations is completely destroy.
You could completely destroy a nation within 2 year using forced internal migration within a nation like the US”
eee on Mon, 6th Mar 2023 11:48 pm
Some of you are better to prepare for a world the US will stop being the enforcer and guardian of globalism. Better to start to prepare for the day that US will start managing the US dollar from an internal perspective instead of managing the US currency from a worldwide view. If I was you I would start to look at a replacement for US reference currency. Might want to speak to china about this now. The destruction of the US is now taking place using internal negro migration. It won’t last long. Start to make contingences plans.
ee e e on Tue, 7th Mar 2023 12:43 pm
I saw this morning
https://www.youtube.com/watch?v=fAGQlIEIymY
and I blow up a fuse right away.
No way you are a real GOD. You are just a low IQ garbage GOD with no real power.
A real GOD would play with the calculator of earth reality to get what he wants. You are stuck there like a fucking loser playing theater. You are just a piece of shit low IQ GOD. I want a fucking divorce from you even if it kills me.
No way you are capable of creating upgrade beings with upgraded eyes sight that can see electro-magnetic field, long-term permanent memory, upgraded mathematical mental computational power (can resolve mentally a 10000×10000 linear matrix). You are too stupid of GOD to create upgraded beings. You are just a low IQ piece of shit GOD.
eee e on Tue, 7th Mar 2023 12:53 pm
After I saw the US suck up to Israel, decided to give up on the US and the whole earth. Earth is really worth saving in anyway shape or form.
https://www.youtube.com/watch?v=BG4e2mDmcDw
eeee e e on Tue, 7th Mar 2023 12:58 pm
Earth is really not worth saving in anyway shape or form.
ee e e on Tue, 7th Mar 2023 2:01 pm
See my 3 comments above. There is no point of keep earth reality. The process of destorying is currently taking place.
ANTARCTICA SUFFERS COLDEST-EVER TEMP THIS EARLY INTO A YEAR; HEAVY MARCH SNOW TO SWEEP UK–EMERGENCY COAL-FIRED POWER PLANT READIED; RECORD COLD AND SNOW TO PERSIST ACROSS US; + HOKKAIDO AVALANCHE
https://electroverse.co/antarctica-suffers-coldest-ever-temp-this-early-into-a-year-heavy-march-snow-to-sweep-uk-emergency-coal-fired-power-plant-readied-record-cold-and-snow-to-persist-across-us-hokkaido-avalanche/
eeee e on Tue, 7th Mar 2023 2:05 pm
See my 4 comments above. There is no point of keeping earth reality alive. The process of destroying earth reality is currently taking place.
cddd ee on Tue, 7th Mar 2023 3:02 pm
Someone is having a beginning of facial skin cancer. It is our calculator not yours:
0:48 and 0:50 a red spot below the ears that is the beginning of deadly facial skin cancer.
https://www.youtube.com/watch?v=IFaz9_wBV0A