On Wednesday, NewsMax posted an article about the coming diesel crisis in America.
The article reports:
Diesel fuel inventories in the East Coast are at their lowest level ever heading into the winter, prompting some areas in the Northeast to ration fuel.
According to one estimate, the U.S. has only 25 days of diesel fuel — the lowest since 2008.
One supplier, calling “conditions rapidly devolving,” is requiring customers to give 72 hours’ notice to secure fuel and freight, Bloomberg reports.
“At times, carriers are having to visit multiple terminals to find supply, which delays deliveries and strains local trucking capacity,” said the supplier, Mansfield Energy, in a note to clients.
In areas of the country where diesel fuel is tightest, prices are 30-80 cents higher than the market average, according to Mansfield.
The article notes:
The shortage, which is also spreading to Europe, is due to underinvestment in refining capacity and refinery closures, according to Goldman Sachs.
The Biden administration’s war on fossil fuels has discouraged the investments needed to grow the industry enough to keep up with the demand. Banks are not going to lend to an industry that the government is trying to shut down–they are smarter than that. Until we get either enough sensible people in Congress to promote sensible energy policies or elect a new President in 2024, we will have fuel shortages of various kinds and the American people will pay a price for electing our current leaders. The thing to remember here is that it is the ‘little guy’ (who prospered under President Trump) who is suffering. Congress does not personally pay for their gasoline (the taxpayers do), and most Congressmen have somehow earned enough to pay for heating their Washington residences and their homes. The war on fossil fuels is simply more of the Biden administration’s war on the middle class.