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Supply
Chain by the Numbers |
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-August 26 , 2010
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WalMart Cornering the Market on RFID Readers? US Now Awash in Oil, but Prices Staying Up; Ocean Capacity Glut May be Coming Again Soon; Pickens Plan Needs Big Truck Subsidy to Work
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2%
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The amount of ocean shipping capacity now idled, versus 11% at the start of the year, according to a new report this week from container lessor SeaAxis. The report says that despite rising ocean shipping rates lately, costs are likely to begin falling again towards the end of 2010 and through 2011, as the amount of once idled and newly delivered ships being put into service far exceeds the increases in container traffic.
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$65,000
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The amount of government subsidy that would need to be given to truck manufacturers to produce vehicles that run on natural gas versus today’s diesel models in order to cover the difference in manufacturing costs (and thus keep the price the same for truck buyers), according to legendary oil investor T. Boone Pickens this week on CNBC. Pickens was again pushing his “Pickens Plan’ for energy, and said the cost difference (and subsidy) would decrease as production volumes rise, and that having all US trucks running on natural gas would cut US oil imports in half.
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Number of barrels of oil and derivative fuel in US inventories last week, the highest level since at least 1990, when the Energy Department began to collect weekly data. On a monthly basis, supplies are at the highest level since November 1983. The recession plus some energy conservation measures have significantly shrunk demand for oil in the US, though at $71.00 or so oil prices remain relatively high, driven in part by demand from China.
