June 12, 2023

Exciting News On Load Factor /Oil Not So Great

There is a bill in Congress to pilot allowing 6-axle tractor-trailers to get permits to gross 91,000#. If they use a tri-axle, it can’t exceed 45,000. AutoO₂ is ready to manage these bigger shipments today. What I am not ready for is the honesty of the message I got when I was researching bill H.R. 3372. Impacts on oil prices: Saudis cut exports by 1MM barrels/day Benchmark “Brent” crude will include a U.S. component. Recall the Brent field has mostly dried up, so Brent is really a combination of multiple other crudes. Now Brent will include a U.S. component. Why? Because the U.S. is a large oil exporter (Number 3 after Saudi Arabia and Russia).
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There is a bill in Congress to pilot allowing 6-axle tractor-trailers to get permits to gross 91,000#. If they use a tri-axle, it can’t exceed 45,000. AutoO₂ is ready to manage these bigger shipments today.

What I am not ready for is the honesty of the message I got when I was researching bill H.R. 3372.
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Impacts on oil prices:
Saudis cut exports by 1MM barrels/day
Benchmark “Brent” crude will include a U.S. component. Recall the Brent field has mostly dried up, so Brent is really a combination of multiple other crudes. Now Brent will include a U.S. component. Why? Because the U.S. is a large oil exporter (Number 3 after Saudi Arabia and Russia).

 

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