Diesel is set to rise further

Thomas A. Moore Thomas A. Moore

Thomas A. Moore

发布日期: 2022年2月1日
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Diesel is set to rise further.

Why??Oil is selling for 15% more today than January 1 and is predicted to go to $100.?This from the WallStreet Journal:

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But it could get a lot worse… if Russia invades Ukraine, then say goodbye to Russian oil for the free world.?Russia is a BIG exporter and one of the biggest producers at 10-11 MM barrels per day - about the same as the US. Russia could ship oil to China in new pipelines under construction - so the impact may mean a realignment of sourcing rather than a complete shut-off.?Angola, Nigeria and Iraq have production problems, OPEC is struggling today and the US isn’t producing what it did pre-pandemic.??????

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