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To: Brumar89 who wrote (83091)4/22/2020 7:01:42 PM
From: Brumar89  Respond to of 86355
 
China Refines More Oil Than The U.S. For The First Time Ever
By Tsvetana Paraskova - Apr 21, 2020, 2:31 PM CDT

The unprecedented situation on the oil market these days has led to yet another industry first. For the first time ever, Chinese refinery throughput has surpassed refinery crude processing in the United States as China emerges from the lockdown. At the same time, U.S. fuel demand continues to plummet amid lockdowns in many states.

According to the chart below by OilX, Chinese refiners are cranking up runs as the country emerges from the two-month-long lockdown. In contrast, refinery runs at U.S. refineries are plummeting, to the point that China is currently processing more crude oil at its refineries than the world’s top oil consumer, the United States.



Source: OilX

China’s independent refiners, commonly known as teapots, began to restore some curtailed production in March, taking advantage of the cheap oil amid the oil price war as the country started to lift lockdowns and ease travel restriction measures gradually.

At the same time, U.S. refineries are lowering utilization rates as demand for gasoline is at its lowest in decades while people work from home and practice social distancing.

In the week to April 10, refineries in the U.S. processed an average of 12.7 million bpd of crude. This compares with 13.6 million bpd a week earlier and 14.9 million bpd three weeks ago, the EIA said in its weekly inventory report last week, which showed a record crude oil inventory build of 19.2 million barrels.

“We are seeing fast and furious gasoline demand destruction. The latest data reveals demand levels not seen since spring of 1968,” AAA spokesperson Jeanette Casselano said at the beginning of last week.

On Monday, AAA said that refinery rates dipped to 69 percent, a level not reported by the EIA in more than a decade.

“Despite lower run rates amid low demand, gasoline stocks increased. Total U.S. stock levels measure at a record 262 million bbl – the highest weekly domestic stock level ever recorded by EIA, since it began reporting the data in 1990,” according to AAA.

oilprice.com



To: Brumar89 who wrote (83091)4/22/2020 7:03:27 PM
From: Brumar89  Read Replies (1) | Respond to of 86355
 
#EarthDay EPIC! Michael Moore’s new film trashes ‘planet saving’ renewable energy – full movie here!
Anthony Watts / April 21, 2020

A MUST READ! Wow, the renewable light bulb of “great idea” over Michael Moore’s head just burned out. He’s trashing renewables in this new film Planet of the Humans.

On the 50th anniversary of EarthDay, the irony meter is pegged. It’s an epic take-down of the left’s love-affair with renewables by one of the left’s most known public figures. Full video follows. h/t to Dennis Wingo.

Via Forbes writer Michael Shellenberger

New Michael Moore-Backed Documentary On YouTube Reveals Massive Ecological Impacts Of RenewablesOver the last 10 years, everyone from celebrity influencers including Elon Musk, Arnold Schwarzenegger, and Al Gore, to major technology brands including Apple, have repeatedly claimed that renewables like solar panels and wind farms are less polluting than fossil fuels.

But a new documentary, “Planet of the Humans,” being released free to the public on YouTube today, the 50th Anniversary of Earth Day, reveals that industrial wind farms, solar farms, biomass, and biofuels are wrecking natural environments.

“Planet of the Humans was produced by Oscar-winning filmmaker Michael Moore. “I assumed solar panels would last forever,” Moore told Reuters. “I didn’t know what went into the making of them.”

The film shows both abandoned industrial wind and solar farms and new ones being built — but after cutting down forests. “It suddenly dawned on me what we were looking at was a solar dead zone,” says filmmaker Jeff Gibbs, staring at a former solar farm in California. “I learned that the solar panels don’t last.”

Like many environmental documentaries, “Planet of Humans” endorses debunked Malthusian ideas that the world is running out of energy. “We have to have our ability to consume reigned in,” says a well-coiffed environmental leader. “Without some major die-off of the human population there is no turning back,” says a scientist.



The film unearths a great deal of information I had never seen before. It shows Apple’s head of sustainability, former EPA head Lisa Jackson, claiming on-stage at an Apple event, “We now run Apple on 100% renewable energy,” to loud applause.

But Gibbs interviews a scientist who researched corporate renewables programs who said, “I haven’t found a single entity anywhere in the world running on 100% solar and wind alone.” The film shows a forest being cut down to build an Apple solar farm.

After Earth Day Founder Denis Hayes claims at a 2015 Earth Day concert that the event was being powered by solar, Gibbs goes behind the stage to find out the truth. “The concert is run by a diesel generation system,” the solar vendor said. “That right there could run a toaster,” said another vendor.

The film also debunks the claim made by Elon Musk that his “Gigafactory” to make batteries is powered by renewables. In fact, it is hooked up to the electric grid.

“Some solar panels are built to only last 10 years,” said a man selling materials for solar manufacturing at a corporate expo. “It’s not like you get this magic free energy. I don’t know that it’s the solution and here I am selling the materials that go in photovoltaics.”

“What powers a learning community?” said [Bill] MicKibben at the unveiling of a wood-burning power plant at Middlebury College in Vermont. “As of this afternoon, the easy answer to this is wood chips. It’s incredibly beautiful to look at the bunker of wood chips. Anything that burns we can throw in there! This shows that this could happen everywhere, should happen everywhere, and must happen everywhere!”

The film reveals that McKibben and Sierra Club supported a Michigan ballot initiative that would have required the state get 25% of its electricity from renewables by 2025, and that the initiative was backed by biomass industrial interests, and that efforts to build a biomass plant at Michigan State University were hotly opposed by climate activists — including ones from 350.org.

wattsupwiththat.com