Forget Oil, The Real Crisis Is Diesel Inventories: The US Has Just 25 Days Left
For all the drama surrounding Biden's latest Strategic Petroleum Reserve fiasco and his admin's ridiculous idea to "stimulate" US energy producers to pump more oil because, you see, Biden promises to buy oil at some unknown point in the future (he may or may not, but right now he is certainly draining a million barrels of emergency US energy lifeblood just to buy a few midterm votes, assuring energy producers have zero incentive to produce more), the real crisis is not oil or gas, but diesel. According to the EIA, the US now has just 25 days of diesel supply, the lowest since 2008.