Truckers and users of diesel, gas and related products are on the wrong end of supply and demand.
I saw from Big Truck TV an an excerpt that caught my eye.
In June 2011, BP released its Statistical Review of World Energy. This report is considered the Holy Grail by many energy investors, since it is one of the most comprehensive energy reports produced. In short, the report said last year the world burned more oil than it pumped out of the ground. Unfortunately this divergence is widening. The world is now consuming 5 million barrels of oil per day more than it produces. Besides speculators this a major contributing factor as to why, despite one of the worst recessions since the 1930's, the price at the pump has remained so high!
The gains the truckers are getting in freight rates are being offset by fuel increases unless they are getting fuel surcharges. Look for that to become the norm.
You would think the industry would want to go green overnight but that is not what we see.
Subscribe to:
Post Comments (Atom)
Posts
No comments:
Post a Comment