Jet Fuel Is Now So Cheap It’s Being Blended for Use by Ships

#1

Post by barney54 » Mon, Sep 21, 2020, 1:15 AM UTC

Jet Fuel Is Now So Cheap It’s Being Blended for Use by Ships
bloomberg.com

Re: Jet Fuel Is Now So Cheap It’s Being Blended for Use by Ships

#2

Post by saagarjha » Mon, Sep 21, 2020, 2:19 AM UTC

If I'm reading the chart right, jet fuel prices are currently negative? Is this because they keep making it and have nowhere to store it?

Also,

> very low-sulfur fuel oil for the maritime industry

I thought the maritime industry didn't care one bit about the environment and would use nasty fuel once in international waters?

Re: Jet Fuel Is Now So Cheap It’s Being Blended for Use by Ships

#3

Post by Causality1 » Mon, Sep 21, 2020, 2:19 AM UTC

That's worrying. Jet fuel is hellaciously toxic and I wonder how prepared shipboard operators are to handle the proper safety precautions.

Re: Jet Fuel Is Now So Cheap It’s Being Blended for Use by Ships

#4

Post by technotony » Mon, Sep 21, 2020, 2:22 AM UTC

saagarjha wrote: post #2

If I'm reading the chart right, jet fuel prices are currently negative? Is this because they keep making it and have nowhere to store it? Also, > very low-sulfur fuel oil for the maritime industry I thought the maritime industry didn't care one bit about the environment and would use nasty fuel once in international waters?

Price is relative to shipping fuel, not absolute values. So it's not negative!

Re: Jet Fuel Is Now So Cheap It’s Being Blended for Use by Ships

#5

Post by [deleted] » Mon, Sep 21, 2020, 2:22 AM UTC

saagarjha wrote: post #2

If I'm reading the chart right, jet fuel prices are currently negative? Is this because they keep making it and have nowhere to store it? Also, > very low-sulfur fuel oil for the maritime industry I thought the maritime industry didn't care one bit about the environment and would use nasty fuel once in international waters?

[deleted]

Re: Jet Fuel Is Now So Cheap It’s Being Blended for Use by Ships

#6

Post by sp332 » Mon, Sep 21, 2020, 2:25 AM UTC

Causality1 wrote: post #3

That's worrying. Jet fuel is hellaciously toxic and I wonder how prepared shipboard operators are to handle the proper safety precautions.

Bunker fuel is usually awful too, and this stuff has less sulfur at least.

Re: Jet Fuel Is Now So Cheap It’s Being Blended for Use by Ships

#7

Post by saagarjha » Mon, Sep 21, 2020, 2:25 AM UTC

technotony wrote: post #4

saagarjha wrote: post #2

If I'm reading the chart right, jet fuel prices are currently negative? Is this because they keep making it and have nowhere to store it? Also, > very low-sulfur fuel oil for the maritime industry I thought the maritime industry didn't care one bit about the environment and would use nasty fuel once in international waters?

Price is relative to shipping fuel, not absolute values. So it's not negative!

Oh, I see. Was very curious how it could be negative for months at a time…

Re: Jet Fuel Is Now So Cheap It’s Being Blended for Use by Ships

#8

Post by melling » Mon, Sep 21, 2020, 2:36 AM UTC

sp332 wrote: post #6

Causality1 wrote: post #3

That's worrying. Jet fuel is hellaciously toxic and I wonder how prepared shipboard operators are to handle the proper safety precautions.

Bunker fuel is usually awful too, and this stuff has less sulfur at least.

i thought new restrictions on sulfur largely reduced emissions in shipping.

https://e360.yale.edu/features/at-last-the-shipping-industry...

Re: Jet Fuel Is Now So Cheap It’s Being Blended for Use by Ships

#9

Post by ars » Mon, Sep 21, 2020, 2:39 AM UTC

Causality1 wrote: post #3

That's worrying. Jet fuel is hellaciously toxic and I wonder how prepared shipboard operators are to handle the proper safety precautions.

Jet fuel is just kerosene. Why do you say it's hellaciously toxic? It's pretty similar to other fuels like gasoline.

In rural areas you can buy kerosene at gas stations, there are no special precautions above and beyond the same ones used for gasoline for cars.

Perhaps you're thinking of fuel for fighter jets? Because some of those can be incredibly toxic.

Re: Jet Fuel Is Now So Cheap It’s Being Blended for Use by Ships

#10

Post by userbinator » Mon, Sep 21, 2020, 2:42 AM UTC

saagarjha wrote: post #2

If I'm reading the chart right, jet fuel prices are currently negative? Is this because they keep making it and have nowhere to store it? Also, > very low-sulfur fuel oil for the maritime industry I thought the maritime industry didn't care one bit about the environment and would use nasty fuel once in international waters?

I thought the maritime industry didn't care one bit about the environment and would use nasty fuel once in international waters?

They don't, but if the low-sulfur fuel is cheaper, I'm sure they would use it --- that is, unless it starts causing engine problems; ULSD has lower lubricity than regular diesel:

https://en.wikipedia.org/wiki/Ultra-low-sulfur_diesel#Lubric...