Block, Siteadmin, SkipCaptcha, Upload, Automoderated users, delete, edit, move, nsTeam2RO, nsTeam2RW, nsTeam2_talkRO, nsTeam2_talkRW, protect, rollback, Administrators, template
295,143
edits
Changes
Jump to navigation
Jump to search
Line 192:
Line 192: − +
→Crude oil
====Crude oil====
====Crude oil====
Up until the early 21st century, a robust import/export trade of diesel and gasoline existed between the U.S. and Europe. Economically, that trade flow could accommodate the logistics costs of shipping finished products across the Atlantic Ocean, and the excess diesel in the U.S. was absorbed by the European market, and the reverse flow for gasoline was profitable for European refiners. Within the last decade or so, Europe has begun to legislate the diesel-powered car out of existence, so the diesel flow from the U.S. has shifted to other continents, such as South America.
Up until the early 21st century, a robust import/export trade of diesel and gasoline existed between the U.S. and Europe. Economically, that trade flow could accommodate the [[logistics]] costs of shipping finished products across the Atlantic Ocean, and the excess diesel in the U.S. was absorbed by the European market, and the reverse flow for gasoline was profitable for European refiners. Within the last decade or so, Europe has begun to legislate the diesel-powered car out of existence, so the diesel flow from the U.S. has shifted to other continents, such as South America.
Europe, on the other hand, needs more gasoline than in the past, as sales of petrol-powered cars have surpassed 70% of total automobile sales in some EU countries. And Europe must find markets for the excess diesel produced by their heavy-crude refineries.
Europe, on the other hand, needs more gasoline than in the past, as sales of petrol-powered cars have surpassed 70% of total automobile sales in some EU countries. And Europe must find markets for the excess diesel produced by their heavy-crude refineries.