Electricity vs Oil

The epic battle that never was

Photo by Maksym Kaharlytskyi on Unsplash
Photo by Dominik Vanyi on Unsplash

It is no exaggeration to say that this modern, urban civilization is kept alive by diesel fuel.

Diesel inventories are at the lowest seasonal level ever, heading into winter. The Energy Information Administration (EIA) announced that U.S. distillate inventory (including heating oil and diesel fuel) had 106.2 million barrels in the week ending October 14, which is about 20% below the 5-year average and a 25-day supply. (2)

This means the EU will need to replace 1 million bpd of crude and 1.1 million bpd of oil products, with diesel especially scarce and expensive with prices 70% higher than this time last year helping to fuel global inflation, the IEA said.

Photo by Kat Sazonova on Unsplash



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A critic of modern times - offering ideas for honest contemplation.