The SPR contains refined products, not just crude oil, and diesel reserves are down to very low levels. Diesel prices are already high, and expect them to increase once SPR withdrawals end after the mid-terms.
The US imports diesel fuel, and much of it came from Russia before the sanctions. Fuel prices are not just about crude oil, refinery capacity is problem as well. Bidenâs policies have caused refineries to shut down, even as the sanctions war has been reducing access to foreign diesel. Here is a report from April:
Higher diesel prices and spot shortages will increase the cost of virtually everything since virtually everything is transported on diesel-powered trucks.
Diesel doesnât just power these things, it powers the rigs and FRAC equipment that gets the oil and gas out of the ground. A rig can easily consume 7000+ gals of diesel a day. Fracs can consume 5000 gals of diesel every 3 hours. It takes energy to extract energy.
If they could get their way then fast forward through time only to realize that the climate will change anyway I wonder what their opinion would be today.
Yes, diesel is also used for most agricultural equipment. The energy crisis is helping to create a food shortage.
The sanctions war in Europe has already shut down two thirds of European fertilizer production, which is contributing to a world-wide fertilizer shortage. That is coming at the same time as severe droughts have cut crop yields in much of the US, China, and Europe.
The lack natural gas to make fertilizer and the lack of diesel fuel could kill millions around the world.
If you want to eat youâd better have access to dieselâŚ
âDiesel engines power about 75% of all farm equipment, transport 90% of farm products, and pump about 20% of agricultureâs irrigation water in the United States. Ninety-six percent of the large trucks that move agricultural commodities to railheads and warehouses are powered by a diesel engine. Diesel powers 100% of the freight locomotives and inland barge and towboat marine vessels that transport bulk harvested crops such as corn and grain to processing facilities.
In the agricultural sector, there is no cost-effective substitute for diesel engines with the same combination of energy efficiency, power, and performance. Diesel dominates the entire âfarm supply chainâ - planting the product, tending the crop (watering, fertilizers, and pesticides), harvesting the product, and bringing the product to market. That happens by truck, rail or ship. Farm tractors, combines, irrigation pumps and other equipment are essential tools in an industry vital to our national economy and quality of life.â. Agriculture | Engine Technology Forum
Covid was here and happening well before your âidiot-in-chiefâ took office and reversed every policy that was keeping this country out of this mess heâs created.
He/yâall were warned. The hell with the consequences, full speed ahead just to RAM the â â â â â â â â progressive policyâs through.
What about Covid, aside from Covid, racism, and the climate lie providing a set of pillars for liberals lies?
The America Petroleum Institute has offered a 10 point plan to restore America to energy dominanceâŚ
â 10 in 2022: Ten Policies to Unleash American Energy and Fuel RecoveryâŚâ. API | News, Policy & Issues
Since no one in the Biden administration seems to have a clue what he or she is doingâŚmaybe they should consider listening to these people who actually do energy for a living.