We don't have electricity substitutes for diesel. Heavy oil provides diesel but its price stays too low for producers. Physics plays an important role.
I saw a headline this morning that hedge fund managers are bullish on diesel. And the logic here seems to check out from what I skimmed. Will be interesting to see how this develops. A consumption downturn might kick the can out further.
I saw a headline this morning that hedge fund managers are bullish on diesel. And the logic here seems to check out from what I skimmed. Will be interesting to see how this develops. A consumption downturn might kick the can out further.