MossRoad
Super Moderator
- Joined
- Aug 31, 2001
- Messages
- 57,472
- Location
- South Bend, Indiana (near)
- Tractor
- Power Trac PT425 2001 Model Year
Long sentence... Sorry in advance.How about a one-sentence summary?
World-wide, lubricants come from refineries that primarily make fuel, only 6 refineries in the world make just lubricants and no fuels, so when COVID hit, manufacturing declined world-wide, which caused a decline in the need for fuels world-wide, and the fuel refineries which predicted a several year decline in the demand for fuels due to the pandemic did not foresee the rapid development of vaccines (which usually take 5 years) nor the quick rebound in manufacturing and demand nor the rebound in auto and air travel, so they screwed the pooch by making that call and shutting down fuel refinery production and putting the refineries into maintenance mode, which also killed lubricant production (remember only 6 refineries in the world make lubricants only), and now they're playing catch-up that will most likely last well into 2022, and it's a world-wide issue, so can't be blamed on current administrations in any country anywhere in the world, blame the rapid development of vaccines and a bad call by the energy industry, and that's about it.
