What this article fails to mention is that there are also a record number of empty tankers routed to the US refineries right now, with the intention of shifting still-relatively cheap US oil products to overseas markets where the prices are already much higher and shortages have already hit. The effects of the Iran war on the US economy will really start to kick in over the next several months.
Once again, its illegal to use that oil in California due to (imo bad) environmental regulations
California leaders report four to six weeks worth of gasoline and diesel supply
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Re: California leaders report four to six weeks worth of gasoline and diesel supply
#142When you see the U.S Government making near daily public statements with the intended effect of calming markets and the public.... It's time to be worried. A.K.A when the government says "everything is going to be ok, don't worry we got this under control" that's when shit is bad. This is what we have been seeing. It seems we are near a tipping point now.
Saying "it's going to be OK" doesn't change any circumstances. But it may reduce the level of panic (depending on how much the people trust the government), and that can in fact change the way the circumstances evolve.
Re: California leaders report four to six weeks worth of gasoline and diesel supply
#143Earlier quoted context omitted.
Is this an emissions reducing based blend?
Yep, it's a low sulfur, lower volatility gasoline blend ( https://thebreakthrough.org/issues/energy/how-california-reg... ) which apparently cuts harmful exhaust emissions like carbon monoxide and NOx.
Re: California leaders report four to six weeks worth of gasoline and diesel supply
#144Re: California leaders report four to six weeks worth of gasoline and diesel supply
#145Earlier quoted context omitted.
Once again, its illegal to use that oil in California due to (imo bad) environmental regulations
If you are referring to American light crude oil grades such as WTI (West Texas Intermediate) that is not correct. That oil could be refined in California. It would have to come by tanker from the gulf coast through the Panama Canal to get there. Until recently it would have to come on a Jones Act US flagged tanker (expensive, scarce). That requirement has been temporarily waived.
Re: California leaders report four to six weeks worth of gasoline and diesel supply
#146Earlier quoted context omitted.
2 refineries in California were closed over the last 2 years leading to a 17% reduction in total refining capacity. Per the article, the type of fuel needed by California standards is produced at refineries in India, South Korea and Washington. https://www.eia.gov/todayinenergy/detail.php?id=65704
... because demand is down. California hit peak gas sales 20 years ago and reaching zero motor fuel sales is foreseeable.
How much below the peak is current sales?
Re: California leaders report four to six weeks worth of gasoline and diesel supply
#147Earlier quoted context omitted.
Yep, it's a low sulfur, lower volatility gasoline blend ( https://thebreakthrough.org/issues/energy/how-california-reg... ) which apparently cuts harmful exhaust emissions like carbon monoxide and NOx.
Sounds great for people and the environment. Too bad its production is now in danger thanks to horrible, ignorant decisions by this administration.
Re: California leaders report four to six weeks worth of gasoline and diesel supply
#148Earlier quoted context omitted.
Yes, but even the renewables market is dependent on petroleum-based transport and infrastructure.
But the more renewables get used the less true that is.
Re: California leaders report four to six weeks worth of gasoline and diesel supply
#149Interesting. I thought the USA secured cuban oil to prepare for the fallout of the iran war. Was that not enough?
And what they secured (if they secured anything) was basically future. It's going to take years to ramp Venezuelan production back up to what it would be with decent management.
Re: California leaders report four to six weeks worth of gasoline and diesel supply
#150Earlier quoted context omitted.
We could die chocking on the air that produces too. Understand the history in CA and the reasons we have special gas. Would you really want to hurt children for cheaper gas? Really? https://today.usc.edu/las-environmental-success-story-cleane...
Those rules around special gasoline were made when both federal and California car exhaust regulations were much looser than today, and electric cars were a complete pipe dream. I've seen estimates ranging for savings from $.25 to $1 per gallon if California dropped the requirements. >Would you really want to hurt children for cheaper gas? Nice appeal to emotion.