European Dilemma
Today | 07:42 AM
#31
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Today | 08:13 AM
#32
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From: 737 FO
Refined products are not seeing the shock because we're using the SPR as a shock absorber. It's a temporary fix that won't last much longer. We're also refining more jet A than usual and less gasoline. We are about to hit summer demand that usually increases demand for gas by about 1m barrels/day.
Last edited by word302; Today at 08:24 AM.
Today | 08:59 AM
#33
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Refined products are not seeing the shock because we're using the SPR as a shock absorber. It's a temporary fix that won't last much longer. We're also refining more jet A than usual and less gasoline. We are about to hit summer demand that usually increases demand for gas by about 1m barrels/day.
Today | 09:03 AM
#34
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From: 737 FO
Not really. The SPR is having little effect on our gasoline supply as the stock is largely vertically integrated in the US. The SPR is largely being sold off to foreign markets, namely Europe. Finished gasoline product here is showing the general seasonal variability it normally does.
Today | 09:28 AM
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It has a nearly negligible effect on gas prices, but you’re sure making it into rocket science in your mind.
Today | 09:35 AM
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From: 737 FO
Today | 09:40 AM
#37
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Don’t take my word for it, just look at any analysis of past SPR releases. The effects on pricing have been negligible. The 370 Mbl release in 2022 had a consensus effect of $0.20. Releasing 40 over 2 months when you consume 20 daily doesn’t make significant downward pressure on pricing.
Today | 09:46 AM
#38
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globally traded commodity.
Of course its not going to be as bad as the initial doomsday predictions. The predictions of the predictors alarmed the anti predictors in power enough to take heed and formulate predictive plans to combat the predictions. Its all elementary watson, do catch up.
Today | 09:50 AM
#39
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repeat after me……
globally traded commodity.
Of course its not going to be as bad as the initial doomsday predictions. The predictions of the predictors alarmed the anti predictors in power enough to take heed and formulate predictive plans to combat the predictions. Its all elementary watson, do catch up.
globally traded commodity.
Of course its not going to be as bad as the initial doomsday predictions. The predictions of the predictors alarmed the anti predictors in power enough to take heed and formulate predictive plans to combat the predictions. Its all elementary watson, do catch up.
Not really sure what your point is.
Today | 10:13 AM
#40
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From: 737 FO
Don’t take my word for it, just look at any analysis of past SPR releases. The effects on pricing have been negligible. The 370 Mbl release in 2022 had a consensus effect of $0.20. Releasing 40 over 2 months when you consume 20 daily doesn’t make significant downward pressure on pricing.
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