The timing couldn’t be worse for Joe Biden as winter approaches and a >recession appears inevitable.
What do Joe Biden and Harry S. Truman have in common?
Both presidents ran the US when American stockpiles of distillate fuel
were exceptionally low. Currently, the US has just 106 million barrels of >diesel and heating oil in commercial stocks; the last time inventories
were that low in mid-October was in 1951, when Truman was in the White
House. Typically, inventories should be 30% higher this time of the year.
Such low levels are alarming because diesel is the workhorse of the global >economy. It powers trucks and vans, excavators, freight trains and ships.
A shortage would mean higher costs for everything from trucking to farming
to construction.
The diesel crisis leaves the Biden administration facing very difficult >choices.
The timing couldn't be worse for Joe Biden as winter approaches and a recession appears inevitable.
What do Joe Biden and Harry S. Truman have in common?
Both presidents ran the US when American stockpiles of distillate fuel
were exceptionally low. Currently, the US has just 106 million barrels of diesel and heating oil in commercial stocks; the last time inventories
were that low in mid-October was in 1951, when Truman was in the White
House. Typically, inventories should be 30% higher this time of the year.
Such low levels are alarming because diesel is the workhorse of the global economy. It powers trucks and vans, excavators, freight trains and ships.
A shortage would mean higher costs for everything from trucking to farming
to construction.
The diesel crisis leaves the Biden administration facing very difficult choices.
https://www.bloomberg.com/opinion/articles/2022-10-22/us-diesel-crisis-is- bad-news-for-biden-global-economy
"zinn" <zinn@reno.us> wrote in message news:XnsAF3FF9FC72AN20@0.0.0.2...
The timing couldn't be worse for Joe Biden as winter approaches and a
recession appears inevitable.
What do Joe Biden and Harry S. Truman have in common?
Both presidents ran the US when American stockpiles of distillate fuel
were exceptionally low. Currently, the US has just 106 million barrels of
diesel and heating oil in commercial stocks; the last time inventories
were that low in mid-October was in 1951, when Truman was in the White
House. Typically, inventories should be 30% higher this time of the year.
Such low levels are alarming because diesel is the workhorse of the global >> economy. It powers trucks and vans, excavators, freight trains and ships.
A shortage would mean higher costs for everything from trucking to farming >> to construction.
The diesel crisis leaves the Biden administration facing very difficult
choices.
https://www.bloomberg.com/opinion/articles/2022-10-22/us-diesel-crisis-is- >> bad-news-for-biden-global-economy
Maybe he can crawl on his hands and knees to beg OPEC for oil...
"zinn" <zinn@reno.us> wrote in message news:XnsAF3FF9FC72AN20@0.0.0.2...
The timing couldn't be worse for Joe Biden as winter approaches and a
recession appears inevitable.
What do Joe Biden and Harry S. Truman have in common?
Both presidents ran the US when American stockpiles of distillate fuel
were exceptionally low. Currently, the US has just 106 million barrels of
diesel and heating oil in commercial stocks; the last time inventories
were that low in mid-October was in 1951, when Truman was in the White
House. Typically, inventories should be 30% higher this time of the year.
Such low levels are alarming because diesel is the workhorse of the global >> economy. It powers trucks and vans, excavators, freight trains and ships.
A shortage would mean higher costs for everything from trucking to farming >> to construction.
The diesel crisis leaves the Biden administration facing very difficult
choices.
https://www.bloomberg.com/opinion/articles/2022-10-22/us-diesel-crisis-is- >> bad-news-for-biden-global-economy
Maybe he can crawl on his hands and knees to beg OPEC for oil...
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