alt Hacker NewsThe Ukraine angle is another cheap shot by CBS (state sponsored news). Prices are rising because of Trumps adventurism in the the ME and now that the Houthies will likely control the Bab el-Mandeb Strait, world markets are reacting.
There is nothing stopping US refineries from producing more diesel, you can use both sweet and sour, this is speculators squeezing the markets.
What a great time it should be to electrify heavy transportation. If they can do it in mining and construction, why can't transportation...
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Genuinely curious...the output drop in refining from Russia is not also a large factor in diesel (and other Petro) price hikes?
Or are you saying the Ukraine drone strikes have not affected the output at a scale where it matters globally?
> If they can do it in mining and construction, why can't transportation...
Because supply side. Can't have our oil barons losing out.
> There is nothing stopping US refineries from producing more diesel
Aren't they already producing as much as they can? Which is not sufficient given that globally a significant fraction of refining capacity is offline.