irvinehomeowner
Well-known member
AI does not completely agree:
* Russia/Ukraine: roughly 0.6–0.8 million barrels/day of Russian diesel supply has been disrupted.
* Iran/Middle East: the disruption to regional refined-product exports is several million barrels/day, making it the larger physical supply shock.
* So I wouldn’t call Russian supply “the key element”. It’s a major contributor, but the evidence points to the Iran/Hormuz/Middle East disruption as the larger driver of the current refined-product inflation.
* Massachusetts doesn’t currently get its heating oil directly from Russia; Russian disruption affects it indirectly through the global market.
* Russia/Ukraine: roughly 0.6–0.8 million barrels/day of Russian diesel supply has been disrupted.
* Iran/Middle East: the disruption to regional refined-product exports is several million barrels/day, making it the larger physical supply shock.
* So I wouldn’t call Russian supply “the key element”. It’s a major contributor, but the evidence points to the Iran/Hormuz/Middle East disruption as the larger driver of the current refined-product inflation.
* Massachusetts doesn’t currently get its heating oil directly from Russia; Russian disruption affects it indirectly through the global market.