Following my recent article — Why The U.S. Has A Diesel Shortage — one reader pointed out that I omitted one factor from my analysis. Even as the U.S. grapples with one of the worst diesel shortages on record, U.S. companies are exporting more than a million barrels of distillates a day. That’s a fair point, but it isn’t a new development.
U.S. companies have been exporting more than a million barrels a day of distillates for about a decade. The obvious question, then, is why this is being done. The short and simple answer…Why U.S. Diesel Exports Haven’t Dried Up During A Domestic Shortage
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