There are minimal buffers, regardless of the part of the cycle. Crude may need to be refined, but its just enough crude to refine just enough into gasoline just in time.
Even the “strategic reserves” that they released cant meet the demands beause those systems cant process the cached oil fast enough either. The US can only process something like 1 million barrels reserve/day, so its not comperable to a 15 million barrell/day disruption either.
Even the “safety system” cant keep up because Its just cut corners all the way down.
I don’t think oil is just in time, especially since most oil sailing the seas is crude and needs refining.
Car parts sure, oil, don’t think so.
There are minimal buffers, regardless of the part of the cycle. Crude may need to be refined, but its just enough crude to refine just enough into gasoline just in time.
Even the “strategic reserves” that they released cant meet the demands beause those systems cant process the cached oil fast enough either. The US can only process something like 1 million barrels reserve/day, so its not comperable to a 15 million barrell/day disruption either.
Even the “safety system” cant keep up because Its just cut corners all the way down.