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The ?biggest change in oil market history is coming
Do you think Diesel Fuel is high? How about all those imports pouring in From Cargo containers? Yep, the trade war is going to mean higher prices with inflation and here is one reason why! Hell at least the farmers may benefit here. Food is the most important of all imports.
serf
https://www.cnbc.com/2019/07/15/oil-imo-2020-marks-the-biggest-change-in-oil-market-history.html
On January 1, 2020, the International Maritime Organization (IMO) will enforce new emissions standards designed to significantly curb pollution produced by the world?s ships.?It is the biggest change in oil market history,? Steve Sawyer, senior analyst at energy consultant Facts Global Energy, told CNBC.
The forthcoming measures are widely expected to create an oversupply of high-sulfur fuel oil while sparking demand for IMO-compliant products.
serf
https://www.cnbc.com/2019/07/15/oil-imo-2020-marks-the-biggest-change-in-oil-market-history.html
On January 1, 2020, the International Maritime Organization (IMO) will enforce new emissions standards designed to significantly curb pollution produced by the world?s ships.?It is the biggest change in oil market history,? Steve Sawyer, senior analyst at energy consultant Facts Global Energy, told CNBC.
The forthcoming measures are widely expected to create an oversupply of high-sulfur fuel oil while sparking demand for IMO-compliant products.
Comments
By raising the price of all land use low sulfur diesel,of course, the refiners will all say it's they can not produce it fast enough thus prices must go up. Supply and demand will be the reason. California electricity energy syndrome is what Enron did remember? Electrical prices went sky high.
serf