Biden’s Self-Inflicted Energy Crisis Will Wreck Christmas for Most Americans.

11/3/22
 
   < < Go Back
 
from National Pulse,
11/1/22:

Remember the good ole days… way back in 2020… when the United States was an exporter of energy and the price of gas was $2.17 per gallon? Today, the United States – and indeed the world – is in a self-inflicted energy crisis.

The cost of diesel, the fuel that fuels our supply chain, is $5.34 per gallon, up from $2.73 when Biden took office.

It didn’t have to be this way. Biden’s war on fossil fuels and the push for the “green new deal,” is certainly to blame, too.

We are also seeing an unprecedented decline in the nation’s diesel fuel supplies. Per Reuters, stocks “of diesel and other distillate fuel oils were just 106 million barrels on October 21, the lowest… since the U.S. Energy Information Administration (EIA) started collecting weekly data in 1982.” The United States is now down to less than 25 days of supply of diesel fuel.

To make matters worse, the United States “has just a 26-day supply of heating oil… the smallest store for this time of year in at least three decades… heating costs this winter are already forecast to be the highest since at least 1997,” per Bloomberg.

So, we have reached a near-perfect disaster where the government has declared war on the fossil fuel industry, our “allies” have cut supply, and we are about to run out of diesel fuel just before the holiday season, so the retail industry will be devastated. In addition, you probably won’t be able to heat your home if you live in the Northeastern portion of the United States.

More From National Pulse: