Oil flows from the Gulf and Asia: the supply disruption is to reach East Asia this week, Europe next week, the USA in two weeks.
#petrochemicals #markets #oilAndGas #oil #Gulf #Iran #fossilFuels #Hormuz #inflation
وكالة #فارس: #هجوم #صهيوني يستهدف وحدة لإنتاج #البتروكيماويات في مدينة #تبريز شمال غربي #إيران، ولم يسفر عن #تسرب مواد #سامة والوضع تحت #السيطرة
Fars Agency: #Zionist #attack targets a #petrochemicals production unit in #Tabriz northwest of #Iran, no #toxic leak reported and the situation is under #control
Ninety percent of Iran’s oil was exported to China, also the top customer of Saudi Arabian crude.
Mallika Sachdeva: "The world saves in dollars in large part because it pays in dollars".
“Damage to Gulf economies could encourage an unwind in their foreign asset savings held largely in dollars”.
https://www.middleeasteye.net/news/war-iran-could-be-catalyst-erosion-us-petrodollar-deutsche-bank-says @estelle
#petrochemicals #markets #oilAndGas #oil #Gulf #geopolitics #Asia #fossilFuels #USD #dollar #petrodollar #petroyuan #FX
"We are facing the greatest global energy security threat in history"
“The war in the Middle East is creating a major energy crisis, including the largest supply disruption in the history of the global oil market. In the absence of a swift resolution, the impacts on energy markets and economies are set to become more and more severe,” said IEA Executive Director Fatih Birol."
"Reduce demand:
1. Work from home where possible
Displaces oil use from commuting, particularly where jobs are suitable for remote work.
2. Reduce highway speed limits by at least 10 km/h
Lower speeds reduce fuel use for passenger cars, vans and trucks.
3. Encourage public transport
A shift from private cars to buses and trains can quickly reduce oil demand.
4. Alternate private car access to roads in large cities on different days
Number-plate rotation schemes can reduce congestion and fuel-intensive driving.
5. Increase car sharing and adopt efficient driving practices
Higher car occupancy and eco-driving can lower fuel consumption quickly.
6. Efficient driving for road commercial vehicles and delivery of goods
Better driving practices, vehicle maintenance and load optimisation can cut diesel use.
7. Divert LPG use from transport
Shifting bi-fuel and converted vehicles from LPG to gasoline can preserve LPG for cooking and other essential needs.
8. Avoid air travel where alternative options exist
Reducing business flights can quickly ease pressure on jet fuel markets.
9. Where possible, switch to other modern cooking solutions
Encouraging electric cooking and other modern options can reduce reliance on LPG.
10. Leverage flexibility with petrochemical feedstocks and implement short-term efficiency and maintenance measures "
>>
https://www.iea.org/news/new-iea-report-highlights-options-to-ease-oil-price-pressures-on-consumers-in-response-to-middle-east-supply-disruptions
What energy crisis? It seems Bellingen motorists haven't heard the news yet.
#energy #oil #OilandGas #fertilisers #petrochemicals #IEA #speed #cars #idling #10kmh #roads #war #EnergyCrisis #FossilFuels #dependency #COVIDDéjàVU
Yes it’s obvious really, but we still need #petrochemicals for #plastics, #pharmaceuticals, #resins etc. We just need to stop wasting it on power generation.
We could get by with a small fraction of what we use now.
@davidr I believe, unfortunately, one has to drain the water off the bottom of the tank (gasoline is less dense so floats on top of it). For example, light aircraft have a drainage point at the sump of the tank, so as part of the daily checks, the pilot can drain some fuel and check for water. (Thus it mightn't be obvious if one just tips fuel out of the top of the tank).
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