Patrick De Haan, head of petroleum analysis at GasBuddy, is warning that the upcoming winter season in the United States “could be challenging” due to dwindling diesel and diesel distillate supplies.
With 25 days or less of diesel stock remaining, inevitable shortages coupled with even higher inflation is pretty much a certainty. What is unknown is whether or not this nightmare scenario will mean lights out in just a few short months.
“The national numbers for distillates are pretty tight,” De Haan warned, further suggesting that widespread outages could potentially happen “if we get a bout of cold weather.”
Keep in mind that the same rolling rhetoric occurred in Europe over the past year: They went from “everything is just fine” to “we might have problems” to “it could be lights out.” (Related: Cell phone towers in Europe are expected to fail this winter due to lack of energy.)
If the changing narrative there is at all indicative of what will also happen here in the States, then a dark winter will probably be the next thing we hear about from the media as we approach “day zero,” so to speak, for diesel.
Diesel and diesel distillates are the lifeblood of America’s farming and trucking industry – and thus the American economy. Without diesel and other diesel products, the United States will collapse.
When we say collapse, we mean no more food, which in turn means mass starvation. Will it actually come to that, or will some kind of fix or solution be implemented in the final hour? Time will tell.
In the meantime, diesel prices continue to soar in direct proportion to dwindling supplies. Things are looking really ugly, in other words.
“High diesel costs elevate the prices of everyday goods, since the higher cost of transportation is often passed down to consumers,” one report explains.
“In turn, consumers restrain their spending habits at grocery and other retail stores, slashing demand and exacerbating an economic slowdown.”
According to Debnil Chowdhury, leader of North and Latin American refining and marketing research at S&P Global Commodity Insights, there are a number of factors all converging that point to disaster for the diesel markets.
“Diesel demand came back a lot faster than other products,” Chowdhury is quoted as saying. “There are refineries that shut down across the globe so the ability to supply was hindered.”
“And then, finally, China, which is a large diesel exporter … wasn’t able to export.”
The situation in China, as you may recall, is that the country continues to impose lockdown after lockdown in response to new Wuhan coronavirus (Covid-19) “cases.”
Thanks to its “covid zero” policy – meaning there is not allowed to even be one single case of covid, otherwise everything shuts down – China is functioning as an economic whipsaw right now, which is damaging the global supply chain.
With about a week remaining until the midterm election here in the U.S., most voters say the number-one issue that is driving them to the polls is the economy.
“Inflation has become a major headache for Americans as prices have soared by 8.2 percent since last year, with grocery prices surging by 13 percent and gas prices climbing by 18.2 percent,” reports explain.
In the comment section, someone expressed absolute perplexity that the diesel crisis is barely getting a mention – if at all – in the corrupt American media.
“With damn near EVERYTHING dependent on diesel fuel, why isn’t this shortage being blasted on every media platform???” this person asked.
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