by
Tom Moore on Dec 9, 2019 7:00:00 PM
OPEC will hold back a total of roughly 1.7 million barrels a day from global oil markets, deepening the current curb of 1.2 million barrels a day. The move came after Saudi Arabia threatened to boost oil production unilaterally if some OPEC nations continued failing to comply with the group’s output curbs. This means: Diesel prices will continue to rise!
This expands an opening for some interesting technology to move trailers in the yard: Firefly offers to spot using an electric dock switcher (aka spotting horse, aka hostler, aka dock potter). Seems to pay out well in high-cost/high-subsidy locations like California – can run most of the day and eliminate diesel smoke in the warehouse.
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