The ?biggest change in oil market history is coming

serf

July 15, 2019 12:59

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.

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  mjrfd99

  July 17, 2019 06:54

  The IMO can't even keep the foreign flags from dumping garbage and crap in our waters as soon as they leave port.

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  spasmcreek

  July 20, 2019 17:10

  how in the hell are the worlds ships gonna completely change their fuel in a few months ????? ..to run the same in place engines ???

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  serf

  July 22, 2019 11:32

  spasmcreek wrote:

  how in the hell are the worlds ships gonna completely change their fuel in a few months ????? ..to run the same in place engines ???

  
  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

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