The US is About to Run Out of Diesel fuel
The United States is only holding enough stockpiles of diesel nationwide that is expected to last for about three weeks or even less time, according to the Energy Information Agency (EIA). Hence, diesel prices are surging while the U.S. President Joe Biden's administration is scrambling to contain the challenge. Delivery trucks largely run on diesel fuel while this energy resource plays a crucial role in the logistics services industry across the globe. It's apparent that the U.S. economy is running out of steam. Even if the White House implements emergency measures to increase stockpiles, it's only a short-term stop gap that could result in catastrophic mid-to long-term consequences.(Fox)By Ray DiLorenzo - Monday, October 31, 2022 - Full Story