Interesting article, but about halfway through what was a convincing analysis of an ongoing diesel shortage turned into a fear piece on the US/China relations and a corresponding economic collapse.
Diesel production capacity is limited and shrinking. Demand is there, albeit sticky (due to certain demand sources that are not easily electronified) and shrinking at a slower pace (due to slowing global economic growth). Rather than discussing a hypothetical blockade of Chinese oil imports, I wish the author would have addressed more probable short term outcomes re: supply/demand shock triggers and possible market plays.
Feel like this was a missed opportunity to look at recent geopolitical events under a more nuanced lens.
Comments
Interesting article, but about halfway through what was a convincing analysis of an ongoing diesel shortage turned into a fear piece on the US/China relations and a corresponding economic collapse.
Diesel production capacity is limited and shrinking. Demand is there, albeit sticky (due to certain demand sources that are not easily electronified) and shrinking at a slower pace (due to slowing global economic growth). Rather than discussing a hypothetical blockade of Chinese oil imports, I wish the author would have addressed more probable short term outcomes re: supply/demand shock triggers and possible market plays.
Feel like this was a missed opportunity to look at recent geopolitical events under a more nuanced lens.