Since November 2010, many cities in China have encountered an unprecedented “ diesel shortage ”. According to the survey data of the China Petroleum Exporting Committee of the China Business Confederation, more than 2,000 private gas stations in South China have ceased operation due to lack of oil. In Zhejiang, Jiangsu, and Guangdong, many gas stations are limited to refueling.

The temporary shortage of energy is not the first time. Each time, you can easily find a reason to explain. For example: lack of crude oil pricing power, seasonal factors, and inadequate logistics warehousing facilities. In response to the local diesel shortage, familiar interpretations were once again displayed: As the international oil prices continued to fluctuate at high levels, the cost of refining at local refineries increased, production enthusiasm decreased, production cuts or even production stopped; South China was affected by climatic factors such as typhoons and oil tankers There are difficulties in relocating oil resources and resources; the economy is picking up quickly, and the demand is rising substantially.

It should be admitted that these reasons are the objective factors that cause the “diesel shortage”. However, all these explanations cannot be answered: Why did the diesel shortage not appear when the international crude oil price was a hundred dollars but appeared this year? Why did it not appear after the typhoon season in previous years? Why did it not appear in other years when the economy grew rapidly? In other words, these normal troubles, why does it make it difficult to get along with diesel this year?

When the market has lost the resources allocation function, it also finds some general reasons to explain the occurrence of the failure. This is no different from the illness.讳 讳 讳 讳 讳 讳 讳 讳 讳 讳 讳 讳 讳 讳 讳 讳 讳 讳. Even if the shortage of diesel fuel is eliminated through national deployment, the old problem of decoupling of supply and demand will have to happen.

Obviously, there are other major reasons for the diesel shortage . In terms of demand, temporary measures for energy-saving power cuts are the main drivers of the diesel shortage. Since Hebei and other places, starting from September 2010, provinces such as Guangxi, Guangdong, Jiangsu, and Zhejiang imposed forced power cuts on some enterprises—a shortage of diesel oil is concentrating on these areas. These regions are more economically active. To avoid the loss caused by power cuts, many companies are forced to purchase diesel generators to protect production. On the supply side, the refined oil production and pricing mechanism, which does not reflect the true market conditions, is another promoter. International crude oil prices still hovered around 80 U.S. dollars, and refined oil prices have reached a record high. What if the international crude oil re-enters a high of $147? What's strange is that the refinery is still calling the poor. This has caused people to doubt that calling the poor is either for the sake of more government subsidies when the international crude oil price rises in the future, or it is to find a way out for the increase in windfall profits.

The purpose of energy-saving and power-saving is to save energy and reduce emissions. The large-scale application of diesel power generation has dissociated this strategic goal into energy-saving plus platooning; the current refined oil pricing mechanism has taken care of petrochemical companies, but it has increased the temperament of refining companies. This kind of absurd picture makes us see once again: The distortion of administrative means to what extent the market is distorted.

Administrative means that violate the economic laws must be used with caution, and the pricing mechanism that violates economic laws must be amended. Otherwise, the market will continue to joke that good governance has its original purpose.

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