Our Oil Predicament Explained: Heavy Oil and Diesel Fuel Are Key
Our Oil Predicament Explained: Heavy Oil and Diesel Fuel Are Key
ourfiniteworld.com Our Oil Predicament Explained: Heavy Oil and Diesel Fuel Are Key
We don't have electricity substitutes for diesel. Heavy oil provides diesel but its price stays too low for producers. Physics plays an important role.
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I saw a headline this morning that hedge fund managers are bullish on diesel. And the logic here seems to check out from what I skimmed. Will be interesting to see how this develops. A consumption downturn might kick the can out further.