U.S. Diesel Supply Dangerously Low
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U.S. Diesel Supply Dangerously Low
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We have prayed often about the energy crisis facing America. Now, as our diesel supply dwindles, let’s pray once more for guidance and help.
From Yahoo Finance. The U.S. is facing a diesel crunch just as demand is surging ahead of winter — with only 25 days of supply left, according to the Energy Information Administration.
Visit your state page to pray.
National Economic Council Director Brian Deese told Bloomberg TV that diesel inventories are “unacceptably low” and “all options are on the table” to bolster supply and reduce prices.
However, even as the stockpiles are being drained, the Biden administration seems to be left with very few sustainable options for long-term relief. …
The United States has 25 days of diesel left.
The day the trucks stop running is the day the economy crashes.
And it’s not getting better anytime soon.
— Congressman Troy Nehls (@RepTroyNehls) October 26, 2022
What’s causing the crunch?
In 2021, the U.S. transportation sector alone consumed 46.82 billion gallons, or 1.11 billion barrels of distillate fuel (essentially diesel fuel) — at an average of about 128 million gallons a day. …
[Strong] domestic and international demand, shrinking domestic refining capacity and sanctions on Russian petroleum imports have kept the diesel market tight throughout the year.
New England’s stockpiles have been depleted to less than a third of its usual levels for this time of year …
The national average price of diesel as of Oct. 24 is at $5.34 a gallon — $1.63 more than last year.
What are the government’s options?
If diesel inventory continues to run down without the government intervening, the impact on transportation costs for goods could drive inflation up even further.
Deese adds that the Fed has some tools to bolster diesel supply, like the Northeast Home Heating Oil Reserve, which houses one million barrels of diesel in case of a disruption in supplies….
The Biden administration also recently announced it would be tapping into the country’s emergency oil reserves to counter rising gas prices, despite concerns over the long-term efficacy.
White House officials haven’t completely ruled out fuel export restrictions …
How are you praying for our diesel supply? Share this article to keep people informed.
(Excerpt from Yahoo Finance. Photo Credit: Jennifer Latuperisa-Andresen on Unsplash)
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This administration is trying to force Israel in to a two state peace solution, which God warns against doing. It also is trying to force Israel in to the Lebanese Maritime deal. Every single time someone messes with Israel, we know it.
Father, move every single person who believes they can have their way with YOUR land to repentance so they can be saved. Father, if they still reject You, remove them from office. You are Yehoveh Shama, You are here, not because of Your saints, but because of Your grate love. Move Your timetable back, please. Give us one more time a leader who loves You, your justice, Your righteousness the United States of America, Israel and Jerusalem. Take the scales off the people who have fallen victims to mass demonic hypnosis. Free them and save them, for who can praise You from the pit? In Jesus’ mighty name. Amen.
Reuter’s article in 2007 says USA oil reserves are 8 times the Arab and 16 times the Chinese reserves in the Greenville formation of marlstone in the Rocky Mtn, a slippery shale and can be extracted by retort method. Known about this since the 1930’s. Production costs $10/ barrel to produce since 2017. That’s how we became an exporter.