The West Is Facing A Diesel Crisis

OilPrice.com: Diesel Crisis Deepens As Inventories Fall To Dangerous Levels 

* Global diesel and distillate fuel stocks have fallen to dangerous levels. 

* The U.S. has been exporting a lot of diesel to troubled Europe, but now things are changing. 

* U.S. buyers are snapping up diesel cargos originally planned for Europe as the crisis deepens. 

While the OPEC+ agreement to cut crude oil production and the U.S. reaction to it dominate headlines, a much more immediate crisis is getting worse by the day. 

Global diesel and other distillate fuel stocks have been on the decline for a while now, and there is no reversal of this trend in sight. 

Demand, on the other hand, has been growing, leading to a widening shortage. 

The situation has become so grave that U.S. buyers have begun snapping up diesel cargos originally sailing for Europe. 

Read more ....  

Update #1: Forget Oil, The Real Crisis Is Diesel Inventories: The US Has Just 25 Days Left (Zero Hedge)  

Update #2: Diesel Supply of Just 25 Days Poses Problem for Biden (Bloomberg)  

WNU Editor: This is going to get worse. Correction. Far worse when EU sanctions on Russian oil take effect in a few months .... Europe Diesel Stockpiles Set to Tank When Russian Supply Cut Off (Bloomberg). The impact that this is going to have on inflation, transportation, farming, food production, household debt, etc. .... if this is not addressed ASAP, the damage it is going to cause is going to be deep.

On a personal note. I live in Montreal, Canada, and I heat my home with heating oil. To fill my fuel tank last year cost about $800/delivery. I use up about 6 deliveries per year. It will now cost me a minimum of $2100/delivery. And while I can absorb the extra costs, my biggest worry right now is supply. When I asked my supplier today if there will be problems with supply in the coming months, without hesitation his answer was yes.

On another note. The main stream media in Canada is completely avoiding this story.