basil_hayden wrote:Nah, it's all the trucks delivering stuff to North Dakota wellheads and trucking the oil back to distribution facilities.
37 trucks of stuff per wellhead, plus frack water (~1 million gallons per frack at about 6 thousand gallons per trip) then trucking the crude to the railroads, which also run on distillate. I'Il bet that alone could account for increased distillate demand,and the hokey GDP increases lately.
Though you might have been a bit facetious, that's actually an interesting observation.
The rise on that chart *does* coincide with the big surge in US oil production I've been noting here. It also roughly coincides with the Gallup poll's dramatic fall in the unemployment rate. Maybe we should wait until Friday's jobs report to see if there was a big increase in employment of truck drivers.
Even if a surge in truck drivers transporting stuff for the Bakken and Eagleford has accounted for some of the increase, I doubt it would be responsible for all of it, or even most of it. But I wouldn't be surprised if it accounts for *some* of it. We'll also have to wait a few months when ND and Texas publish their oil production figures for October.