SC178-14

https://srsroccoreport.com/has-peak-diesel-arrived-the-data-doesnt-look-good/

HAS PEAK DIESEL ARRIVED?? The Data Doesn’t Look Good

Has Peaked Diesel arrived? Well, if so, it is terrible news for the automobile and trucking industry as well as the overall economy. I came across this information from an article written by Antonio Turiel on his The Oil Crash website. The article provides some sobering data suggesting that the global production of diesel fuel may have peaked.

Furthermore, due to the peak of conventional oil in 2005 and the considerable increase of U.S. shale light tight oil, the production of all fuel oil (not diesel, rather bunker fuel for ships, etc.) has also declined. Turiel explains in the article The Peak of the Diesel: 2018 Edition, that the refineries cannot make as much diesel from the U.S. light tight shale oil, so they are forced to crack the heavier fuel oil to make diesel. If true, what we have here is the cannibalization of the refinery system to continue to produce diesel at the expense of the heavier fuel oils.

If Peak Diesel has arrived, Peak Gasoline isn’t too far behind....

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Note in the next article ( SC178-15 ) that the Yellow Vest protest was at its start " catalyzed by rising taxes on diesel fuel ". Protest around the world will be increasing as vital resources that make complex societies possible continue to go into decline.