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A week is pretty standard for that part of the shipping, seems like most have been about a week and a half, very few have been less. I should add, some yards are ridiculous, Baltimore being the worst, have seen some there for 2 months.
I thought I saw a headline for it. I assume they are talking about strategic reserves.
I just moved to the northeast and I now have oil heat and hot water. It's funny because they are intentionally regulating it and driving the cost up to make EVs more cost effective and they they complain that heating oil is too expensive like they couldn't predict it. They did the same thing with electric which is why there are so many homes with solar. So now you have a perfect storm of people buying EVs and paying 2.5x for electricity compared to Missouri where I moved from which makes traditional ICE vehicle more cost effective.
I think this is in reference to the Strategic Oil Reserve. Not to get political, but Biden has been releasing oil from the SOR to bring fuel prices down. The problem is that the SOR traditionaly is held back for the US military to have fuel to fight in wars should one come about. You can argue right or wrong but Biden is taking heat for doing this to lower the price before the mid-terms, especially after it was discovered that he requested Saudi Arabia increase production to bring prices down a few months ago. They told him they would and then OPEC+ cut production. Earlyier this week the Crown Prince issued a statement that they were not happy the US released the oil to influance the market. My opionion, I like the lower prices but it is a short term solution to a long term problem.
I find it interesting that we can shutdown production in the US using environmental concerns for the reasoning but then ask another country to increase production.
Im not a fan of this WH or their policy. The fact is that during the COVID shutdowns and lot of the refineries went offline for upgrades and repair. About half of them are back online. True drilling leases are more expensive and several have been shutdown, but the biggest issue has been on the refinery side due to maintenance. I hope this corrects itself but with inflation we may not see a price decrease anytime soon. I predict a period of stagflation in 23. I hope a new house and senate will ram through an increase in domestic production bu the eco loons seem to have a foothold. The US has always had a policy of using other country's resources before our own. This is outdated in my opinion. It also does not help that OPEC freaking hates Biden and are using this to hurt him politically.
And the Saudis have said anyone using their reserves are going to suffer greatly once those reserves are depleted. Just wait till after the midterms!!!
Yep, hard to make a long term investment when your long term revenue prospects aren't there.
Altamira being one of the worst routes - at least in my experience.
Its sad...
Because that's the east coast route, terrible.
If it's moving it's moving
Ordered April 1
one of the reasons i ordered a 2500 hemi (not that gas isn't far behind)
