Thread

How much oil-market buffer is left?

116 points · 180 comments · mcone

anovikov · 1789502359 · focus · HN ↗
But for the US, there's no question like that. It produces a lot lot more than it consumes anyway. There can't be a shortage.
Yes US produces mostly light crude and production of refined products requires also inputs of heavy one, but it's not produced in the Middle East anyway, so current situation can't impact that, either.
1. buildsjets · 1789503611 · focus · HN ↗
  You claim there can't be a shortage, yet the rationing has already started.
  <a href="https://www.newsweek.com/costco-starts-rationing-motor-oil-what-it-means-for-drivers-12437829" rel="nofollow">https://www.newsweek.com/costco-starts-rationing-motor-oil-w...
  1. instagib · 1789504421 · focus · HN ↗
    Alfano said. “Additional Group III production is being built in the U.S., but it won’t be ready until the end of next year.”
    Costco is the only one rationing right now.

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