US Diesel Supply Risks in the Era of Energy Security and Transition - Center on Global Energy Policy at Columbia University
The US East Coast is vulnerable to tightness in global diesel marketsThe first structural issue is on the demand side. This dependence on an oil product for heating is also a challenge for energy decarbonization in the region. On the supply side, Russia’s invasion of Ukraine tightened global diesel markets and highlighted the consequences of the East Coast’s diesel import dependence. Global diesel markets were already tight before Russia’s invasion of Ukraine, and the war worsened supply risks. The strategic Northeast Home Heating Oil Reserve (NEHHOR)[20] has set a precedent for such a policy.
Source: New York Times January 31, 2023 19:17 UTC
