The energy crisis has caught up with our lives

In the past week, the reporter interviewed some provinces in the south and personally experienced the “oil shortage”.
In Hubei and Hunan, all the gas stations that the reporter saw were growing. Oil stoppages, limited fueling... These rare sightings are now common in both lakes.
In the more than 600 kilometers of Zhangjiajie, Yichang, Hubei Province, a considerable number of gas stations have limited supply of diesel fuel. Some regulations impose a maximum of 10 liters, while others add up to 200 yuan. Many gas stations have posted "no diesel" signs. At 8 o'clock on November 19th, the bus the reporter took also drove into a gas station at the junction of Hubei and Hunan due to lack of oil. The reporter heard the driver yelling in the car: “You come here to see what, my car is out of oil, and you pulled a car person and you let me do it!” He said that after another ten minutes, he finally added 5 liters of oil.
The energy crisis was so lightning-fast and connected to our lives. From Hubei to Hunan, wherever you go, you can see broken down cars and hear the cries of car owners. Near the gas stations in the Hunan section of the Beijing-Zhuhai Expressway are surrounded by large and small motor vehicles. The refueling vehicles lined up several thousand meters of traffic. A large truck driver from Jilin said that from the inside of Henan, he had been unable to refuel along the line, and there was no oil supply in Hunan. He even ran 11 gas stations for more than 6 hours before adding 200 liters of diesel fuel. The reporter saw that on the main road with gas stations, cars lining up for fuel occupied a lane, causing other vehicles to drive only one lane. The local public security department also had to call some police forces to maintain the order at the scene.
In the face of the “oil shortage” and rising oil prices in China, Premier Wen Jiabao, who is visiting Singapore, said on the 21st that the relevant authorities are working to resolve the tight supply of refined oil and can be resolved in the short term. Wen Jiabao explained that the supply of refined oil products is rooted in two aspects, including supply and demand and price factors. Relevant departments are working to solve problems, including opening up a variety of channels to ensure the supply of crude oil, especially diesel fuel. In addition, it will allow existing refineries to increase their processing capacity. Wen Jiabao pointed out that China's oil refineries originally had sufficient processing capacity. In the past, because of price factors, many refineries were not operating at full capacity. He believes that the shortage of refined oil can be solved soon.
Originally, a normal company is an economic organization created by investors to pursue profits. The reason why taxpayers allow the government to set up state-owned enterprises outside of normal enterprises is because people feel that state-owned enterprises can not be completely profit-oriented. When necessary, state-owned enterprises can perform certain public functions at the expense of profit goals. For example, to supply the poor with certain necessities of life at a low price, or, in the energy crisis, not to raise prices as much as private companies. PetroChina and Sinopec are the two major state-owned monopolies. They almost monopolized all aspects of the upstream, midstream and downstream industries from oil exploration and processing to refined oil sales. If the price of refined oil and crude oil has an impact on the inversion, at most, it will make the two giants lose a little monopoly profit. This can be completely compensated by the high profits of the upstream sectors such as oil production. With this monopoly status, the two giants must bear some obligations. For example, when the international oil market fluctuates violently, it should be responsible for domestic demand for refined oil products. First, it can ensure the supply of domestic refined oil products and play a role in stabilizing the market rather than blindly pursuing profits. Otherwise, what is the difference between a private company that is profitable? Why does the state have to run such a monopoly?
This is something that reporters cannot expect when they witness the chaotic situation caused by the “oil shortage”.

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