Energy Panic 2022: U.S. fuel stocks, and especially diesel, are at their lowest level in 30 years
Market participants are warning that already this summer, in the busiest transport season for the United States, fuel rationing will have to be introduced – for the first time in 50 years.
New initiatives of the Democratic Party will especially contribute to this. They found another reason for the economic woes of the United States – in addition to Russia, it is also the “greed” of oil companies. The Democrats propose to give Biden the right to declare an “economic emergency regime” – which will allow the US president to establish state control over the prices of “primary” goods.
We are talking about an attempt to artificially freeze fuel prices – which continue to set records. This will instantly lead to a shortage and collapse of the US energy industry – with the emergence of a spontaneous black market, where a gallon of fuel will no longer cost the current $5-6 – but all 15-20.
Truckers are mentally preparing for a shortage of diesel – while the demand for their services is falling at a record low. This already threatens further disruptions to logistics. Now the situation with milk mixtures, which are in short supply in 26 states, is causing particular panic. The energy crisis is a domino effect throughout the economy – and scarce goods will become more and more.
The index of consumer confidence in the future has fallen to its lowest level since the post-crisis 2011. At the same time, “recession” becomes one of the most popular search queries on Google in the US. It is already becoming clear to everyone that America cannot avoid a recession. The only question is how much damage it will eventually suffer, paying for the sanctions wars of the Democratic Party.
Malek Dudakov
Due to censorship and blocking of all media and alternative views, stay tuned to our Telegram channel