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Author Topic: Base Oil Supply Crisis Predicted to Worsen  (Read 226 times)

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Offline Weird Tolkienish Figure

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Base Oil Supply Crisis Predicted to Worsen
« on: Friday, Jun 05, 11:55 am »
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Offline IsailedawayfromFR

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Re: Base Oil Supply Crisis Predicted to Worsen
« Reply #1 on: Friday, Jun 05, 05:43 pm »
Another rationale for believing crude prices will not fall after the Iran conflict finishes.

Reserves are way down, facilities crippled, transit uncertain.

Increase in Venezuelan heavy crude imports might be one way to improve the developing lube crisis.
Thanks for posting.
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Offline Wingnut

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Re: Base Oil Supply Crisis Predicted to Worsen
« Reply #2 on: Saturday, Jun 06, 05:16 am »
Well our prices have dropped from 4.19 to 3.78.  So go figure.
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Offline IsailedawayfromFR

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Re: Base Oil Supply Crisis Predicted to Worsen
« Reply #3 on: Saturday, Jun 06, 06:45 am »
Quote from: Wingnut on Saturday, Jun 06, 05:16 am
Well our prices have dropped from 4.19 to 3.78.  So go figure.
The article indicates one reason is that refineries have prioritized transportation fuel product lines.  Since this article is about lubricants, it may not go so well in that arena.

In any case, I plan to go out and stock up on some motor oil and lube tubes just in case.

Who knows, it may be like stocking up on ammo and watching it go up exponentially as supplies get cut short.
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Offline WingNot

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Re: Base Oil Supply Crisis Predicted to Worsen
« Reply #4 on: Today at 12:36 am »
Looks like 10W40 is the new toilet paper of hoarding!   :)
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Offline bigheadfred

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Re: Base Oil Supply Crisis Predicted to Worsen
« Reply #5 on: Today at 03:51 am »
$4.15 Down from +/-$4.50
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Offline cato potatoe

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Re: Base Oil Supply Crisis Predicted to Worsen
« Reply #6 on: Today at 05:20 am »
Oil is about to be very expensive unless the bottleneck is cleared.  China has been living off its massive reserves, and the US reserve is at its lowest point since the early 1980s.
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Offline Wingnut

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Re: Base Oil Supply Crisis Predicted to Worsen
« Reply #7 on: Today at 09:30 am »
Quote from: cato potatoe on Today at 05:20 am
Oil is about to be very expensive unless the bottleneck is cleared.  China has been living off its massive reserves, and the US reserve is at its lowest point since the early 1980s.

Tell me again who depleted the SPR. 

J/K we all know who did it. 

Also Congress wouldn't let Trump refill it.  IIRC.
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