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Biden's Diesel Fuel Supply Crisis Could Soon Cripple America in Ways Never Before Seen
Oil prices and President Joe Biden’s continued draining of the Strategic Petroleum Reserve (SPR) have dominated the headlines over the past few weeks, but analysts say a more impactful and serious crisis on the energy front looms: a diesel fuel shortage.As Bloomberg noted this week, “The US has just 25 days of diesel supply, the lowest since 2008, according to the Energy Information Administration. At the same time, the four-week rolling average of distillates supplied, a proxy for demand, rose to its highest seasonal level since 2007.”
The Biden administration has remained strangely silent, probably hoping that the dismal news doesn’t hit the mainstream because it’s a total political timebomb waiting to go off, especially as the midterm elections are so close.
Bloomberg noted:
Notably, National Economic Council Director Brian Deese recently commented on the emerging crisis. Deese said diesel inventories are “unacceptably low” and added that “all options are on the table,” whatever that means.
Biden's Diesel Fuel Supply Crisis Could Soon Cripple America in Ways Never Before Seen
Oil prices and President Joe Biden’s continued draining of the Strategic Petroleum Reserve (SP
pjmedia.com
