You won't believe how an obscure regulator may make gas prices explode in 2020 with this one trick!

[Xist]

Billions hate him!

Starting in 2020, the [International Maritime Organization (IMO)] will require the phasing out of sulfur from ship fuels despite documented difficulties in refiners’ ability to meet strict new standards. Unless the IMO changes course, consumers across America, and all around the world, will foot the bill for higher gasoline prices as the result of global fuel shortages.

But the agency’s 2016 decision to ratchet down sulfur content in shipping fuels from 3.5 percent to 0.5 percent has received plenty of press and attention from analysts around the world.

In moving away from sulfur, shippers will likely switch en masse to alternatives such as gasoil or diesel. That’s not good news for refineries, which will face significant pressures to ramp up production of these stand-ins. Currently, there simply isn’t enough low-sulfur fuel to go around, and refineries will need to sharply increase capacity and operations in order to keep up.

Economist Philip K. Verleger notes, “As many as half of world refineries cannot produce fuel that meets the new regulation…They cannot reprocess a high-sulfur diesel fuel to a low-sulfur diesel because their facilities are inflexible.”

Faced with pressures to ramp up production of low-sulfur fuel and constrained by ever-expanding regulation, refineries will face major hurdles producing the gasoline required by billions to get around on a daily basis. And if ships can’t get the diesel and gasoil they need to maneuver between continents, global trade may suffer to the detriment of everybody.

Columbia University scholars predict that IMO 2020 regulations could “paradoxically end up slowing down what might have otherwise been a more rapid transition of the shipping market away from traditional bunker fuels.”

Gas Prices Expected to Rise in 2020—Thanks to an Obscure UN Regulator

[Shaneajanderson]

Originally Posted by Xist

Billions hate him!











Gas Prices Expected to Rise in 2020—Thanks to an Obscure UN Regulator

Yet another great reason to oust those fools from New York and forever put paid to "Global Government."

[oil pan 4]

The United states doesn't have to import oil.

Plus I drive an electric.

[cRiPpLe_rOoStEr]

Probably it will lead to an increase in the amount of LNG-powered ships from Asian shipping companies.

[RedDevil]

https://en.wikipedia.org/wiki/Hydrodesulfurization.

It isn't hard. It isn't entirely free though. Fuel costs would rise somewhat, but not prohibitively.

[redpoint5]

Wasn't this a thread already? Something about phasing out bunker fuel.

[oil pan 4]

They will just go back to coal.

[litesong]

Originally Posted by Xist

Billions hate him!

Air pollution kills 6(?) million people per year. The wildest unregulated pollution is burned bunker oil. Examinations of ship pollution has been on-going for many decades & regulations should have been enacted over a decade ago.The post of Xist, as if one person regulates world wide shipping, is immoral & kicks air pollution killed people in the teeth, if the dead still have teeth.
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http://www.livebunkers.com/bunker-fuel-pollution
From the report:
There are 760 million cars in the world today emitting approx 78,599 tons of Sulphur Oxides (SOx) annually. The world's 90,000 vessels burn approx 370 million tons of fuel per year emitting 20 million tons of Sulphur Oxides. That equates to 260 times more Sulphur Oxides being emitted by ships than the worlds entire car fleet. One large ship alone can generate approx 5,200 tonnes of sulphur oxide pollution in a year, meaning that 15 of the largest ships now emit as much SOx as the worlds 760 million cars.
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Regulate bunker oil now, which compassion toward mankind, would have regulated long ago.

[litesong]

Originally Posted by cRiPpLe_rOoStEr

Probably it will lead to an increase in the amount of LNG-powered ships from Asian shipping companies.

Maybe ships will use more sails.......
Anyhow, the shipping companies & CEO's had decades to prepare, & they did build monster container ships. As Khan said, "Let them eat static".

[mpg_numbers_guy]

Originally Posted by litesong

Regulate bucker oil now, which compassion toward mankind, would have regulated long ago.

You mean more regulations, control, and government interference? No thanks.

6 million is less than 0.1% of the world's population (7-8 billion). Restricting 99.9% of the populace to save 0.1% is ridiculous.