Sunday, November 6, 2022

Biden's Diesel Fuel Crisis Worsens: Major Fuel Company Issues New Warning; Diesel Shortage Across the US? Reports Say Only 25 Days of Supply Left; How a Diesel Shortage Could Cripple the U.S. Economy

AP Photo/Susan Walsh
Biden's Diesel Fuel Crisis Worsens: Major Fuel Company Issues New Warning:
Earlier this month, we warned of the impending diesel fuel supply shortage that threatens to take the United States to the brink of collapse if the Biden administration doesn’t begin to take the situation bit more seriously.
President Joe Biden, who can barely string together a coherent sentence, hasn’t done jack squat to address the looming crisis other than have members of the administration keep a “close watch” on it, offering virtually nothing in the way of support or comfort to the millions of Americans who will be affected in unspeakable ways this winter because of the administration’s utter lack of concern.
However, Biden and his White House lackeys might want to consider grabbing the wheel after a bombshell alert released by a major U.S. fuel supplier emerged recently. It warned of a “developing” diesel fuel shortage that would primarily affect the Southeast portion of the United States.
“Because conditions are rapidly devolving and market economics are changing significantly each day, Mansfield is moving to Alert Level 4 to address market volatility,” Mansfeld Energy said in a statement.
It continued: --->READ MORE HERE
REUTERS/Kevin Lamarque
Diesel Shortage Across the US? Reports Say Only 25 Days of Supply Left:
Just a few days before the midterm elections, a major U.S. supplier of diesel fuel issued a warning about an oil "shortage" on the East Coast and stated that it would lead to an increase in the short-term price of a number of consumer goods. The United States is experiencing a diesel shortage, particularly on the East Coast, as a result of multi-year low stockpiles and supply bottlenecks with reports suggesting that only 25 days of fuel is left in the country's fuel bank.
According to EIA projections, operational refinery capacity decreased in 2021 for a second consecutive year to stand at 17.9 million barrels per calendar day as of January 1, 2022, which is lower than it was before Covid. When fuel demand fell at the beginning of the epidemic, several U.S. refiners permanently shut down some of their capacity, while others closed down their plants in order to convert them into biofuel refineries.
However, energy industry analysts claim that there is no need for concern because there will not be a shortage of diesel fuel in the United States.
The Joe Biden administration has asked refiners to voluntarily halt exports to rebuild dwindling inventories before winter. They have also asked them to increase deliveries of gasoline and diesel to the Northeast United States. --->READ MORE HERE
Follow link below to a relevant story:

+++++How a Diesel Shortage Could Cripple the U.S. Economy+++++

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