The press and the left want us to believe that inflation and economic woes created by the rise in oil prices is related to Putin’s invasion of Ukraine. The rise in oil prices was taking place before Biden coerced Putin to invade. In January of 2021, oil prices were in the $50 per barrel range. In January of 2022 the price of a barrel of oil exceeded $90. Putin invaded Ukraine in late February of 2022. The price of a barrel of oil today is $85 a barrel.
During the 2020 campaign Biden said, “We are going to get rid of fossil fuels.” He set about doing that immediately after he was inaugurated. Remember he was fraudulently elected, wrongfully certified, and went about getting rid of fossil fuels on the first day of his illegitimate regime.
The results were higher fuel prices, higher inflation, food shortages, and the beginning of an economic turndown that brought about a recession and serious signs of bringing about a depression. Home interest rates went from 2.5% to over 7% and ended home construction. The cost of fertilizer for farmers more than doubled.
Now winter is coming and the claims of the climate change hoaxers that the earth is warming at an alarming pace. Those people who live where the winters get cold, are concerned about how they will stay warm this winter. They know climate change, or warning the hoaxers say is happening, will be of no value to them. The cost to them of staying alive has gone way up if they can get the fuel. Food and other goods will also increase in cost if they can even be found. Trucks, most trucks use diesel for fuel, will have to move food and goods from point A to point B.
This is all going to be more expensive as diesel fuel is in very short supply thanks to Biden’s policy of “getting rid of fossil fuels”.
A seriously low U.S. and global diesel supply is likely to drive up fuel costs and worsen inflation, raising concerns as the cold weather months approach.
“The national numbers for distillates are pretty tight,” said Patrick De Haan, head of petroleum analysis at GasBuddy.
“It’s uncomfortable. That doesn’t mean that you’re going to see widespread outages, but if we get a bout of cold weather, things could be challenging.”
Analysts say that a confluence of factors, long bubbling beneath the surface, are now coming to a head as colder temperatures bring more seasonal demand for diesel, a fuel that powers trucks and buses and is also used in heating.
“This is the start of heating oil season. This is when demand really starts picking up as we enter the winter months,” said Debnil Chowdhury, the head of North and Latin American refining and marketing research at S&P Global Commodity Insights.
The country has about 25 days’ worth of diesel left; a level that’s considered very low. De Haan said that normally, the country’s supply is closer to the “low to mid 30s” in terms of the number of days remaining.
The left is saying this is the fault of Putin. The facts tell us it is because Biden took the United States from being energy independent, an energy exporter, to energy dependent, an energy importer. This is because the left is using the climate change hoax to destroy the American economy and bring about wealth distribution per their commitment to the Marxist agenda. It is all a part of the fundamental transformation promised by the left.
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