{"id":63882,"date":"2022-10-20T07:05:20","date_gmt":"2022-10-20T12:05:20","guid":{"rendered":"https:\/\/olduvai.ca\/?p=63882"},"modified":"2022-10-20T07:05:20","modified_gmt":"2022-10-20T12:05:20","slug":"forget-oil-the-real-crisis-is-diesel-inventories-the-us-has-just-25-days-left","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=63882","title":{"rendered":"Forget Oil, The Real Crisis Is Diesel Inventories: The US Has Just 25 Days Left"},"content":{"rendered":"
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Forget Oil, The Real Crisis Is Diesel Inventories: The US Has Just 25 Days Left<\/a><\/h3>\n<\/header>\n
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For all the drama surrounding Biden’s latest Strategic Petroleum Reserve fiasco and his admin’s ridiculous idea to “stimulate” US energy producers to pump more oil because, you see, Biden promises to buy oil at some unknown point in the future (he may or may not, but\u00a0right now\u00a0<\/strong>he is certainly draining a million barrels of\u00a0emergency\u00a0<\/strong>US energy lifeblood just to buy a few midterm votes, assuring energy producers have\u00a0zero incentive\u00a0<\/strong>to produce more), the real crisis is not oil or gas,\u00a0but diesel.<\/strong><\/p>\n

The problem is that as we repeatedly warned over the summer, even as others were transfixed by the moves in gas, see:<\/p>\n