Hi all,
Heating oil has spiked up. Check out the graph on oilprice.org. It's usually $US2 now it's $US4. I am guessing this is because fracking produces condensate and gas which is traded by the US for heavy oils (from Russia, Canada ). The heavier oils produce diesel (Trucks), heating oil, bunker oil (shipping) and bitumen (roads). So if this holds then shipping/trucking just got more expensive in America.
Rationing Looms As Diesel Crisis Goes Global
https://oilprice.com/Energy/Energy-General/Rationing-Looms-As-Diesel-Crisis-Goes-Global.html
How much Diesel/Jet fuel can be recovered from the oil BYE produce oil (LL)?
All disclaimers.
Ann: DRILLING PROGRAM AND CURRENT PRODUCTION Update, page-11
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