Jet Fuel Shortage
#12
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Joined: Feb 2014
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From: Head pillow fluffer, Assistant bed maker
#14
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Joined: Dec 2010
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From: 4A2FU
Korea supplies something like 70% of west coast jet fuel, now that Korea isn't getting crude, no jet fuel for the west coast.
If anything it's the opposite, seems some powerful people with deep pockets are keeping a lid on commodity prices somehow. Even with recent upticks in production from other places, we are at least 5 million barrels a day short. Oil should be trading in the $200+ range by now.
If anything it's the opposite, seems some powerful people with deep pockets are keeping a lid on commodity prices somehow. Even with recent upticks in production from other places, we are at least 5 million barrels a day short. Oil should be trading in the $200+ range by now.
#15
The SoH handles.< 20% of the world's crude. Period. It's a pinch in the flow, not a total kink. Yes, doing daily with less, but oil isnt single-sourced from the Strait. More of the same ahead...take a breath, its ok.
#18
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From: 787 FO
That 20% represents the biggest energy shock in modern history. A recession is sustained negative GDP and a depression is defined as negative 10% GDP.
#19
#20
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Joined: Jul 2013
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The embargo in the 70s, when the spigot actually shut was more of a shock. We were paying about the same for crude 4 years ago (Brent avg was $100) and the world/media wasn't crying about it. 89 was almost $7/gal on the West Coast and in Chicago. GDP for 2025 was 2.1%. Q1 2026 estimates are 1.8-2.3% from what I've seen. Woosah
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