{"id":63984,"date":"2022-10-31T17:15:03","date_gmt":"2022-10-31T22:15:03","guid":{"rendered":"https:\/\/olduvai.ca\/?p=63984"},"modified":"2022-10-31T17:15:12","modified_gmt":"2022-10-31T22:15:12","slug":"a-crippling-shortage-of-diesel-fuel-threatens-to-devastate-western-economies-in-2023","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=63984","title":{"rendered":"A Crippling Shortage Of Diesel Fuel Threatens To Devastate Western Economies In 2023"},"content":{"rendered":"
\n

A Crippling Shortage Of Diesel Fuel Threatens To Devastate Western Economies In 2023<\/a><\/h3>\n<\/header>\n
\n

\"\"<\/a>In my entire lifetime, global supplies of diesel fuel have never been tighter than they are right now.\u00a0 And that is really bad news, because the\u00a0entire economy of the western world runs on diesel.\u00a0 If we suddenly had no more diesel fuel, virtually all of our\u00a0trains, trucks and ships would stop running.\u00a0 Needless to say, just about everything that stocks our store shelves comes to us via trains, trucks and ships.\u00a0 So the fact that there is not enough diesel fuel to go around is a really big deal.\u00a0 Supplies have been declining for months, and at this point diesel inventories have fallen so low that we only have\u00a0a 25 day buffer<\/a>\u00a0remaining\u2026<\/p>\n

The U.S. is facing a diesel crunch just as demand is surging ahead of winter \u2014 with only 25 days of supply left, according to the Energy Information Administration.<\/p>\n

National Economic Council Director Brian Deese told Bloomberg TV that diesel inventories are \u201cunacceptably low\u201d and \u201call options are on the table\u201d to bolster supply and reduce prices.<\/p><\/blockquote>\n

Unfortunately, this is not just a problem here in the United States.<\/p>\n

Globally, supplies of diesel fuel have fallen to the lowest level that we have seen\u00a0since 1982<\/a>\u2026<\/p>\n

\u201cThe demand for diesel tends to rise as you get close to the winter, because the molecule that makes up diesel is very similar to the molecule that you use for heating homes in the U.S., for winter fuels in Europe,\u201d Tom Kloza, dean of U.S. oil analysts at Oil Price Information Service (OPIS), told Newsweek.<\/p>\n

The issue is global, said Kloza, adding that diesel inventories around the world are the lowest as they\u2019ve been since 1982, \u201cand we\u2019ve added about 3.4 billion people in that time.\u201d<\/p><\/blockquote>\n

Read that last line again.<\/p>\n

\u2026click on the above link to read the rest\u2026<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

A Crippling Shortage Of Diesel Fuel Threatens To Devastate Western Economies In 2023 In my entire lifetime, global supplies of diesel fuel have never been tighter than they are right now.\u00a0 And that is really bad news, because the\u00a0entire economy of the western world runs on diesel.\u00a0 If we suddenly had no more diesel fuel, […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2,3],"tags":[14047,32879,4901,7452,827,834],"class_list":["post-63984","post","type-post","status-publish","format-standard","hentry","category-economics","category-energy-2","tag-diesel","tag-diesel-shortages","tag-michael-snyder","tag-the-economic-collapse-blog","tag-united-states","tag-us"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/63984","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=63984"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/63984\/revisions"}],"predecessor-version":[{"id":63985,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/63984\/revisions\/63985"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=63984"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=63984"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=63984"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}