EU and Oil Shortage

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Europe is bracing for a diesel shortage (https://urldefense.com/v3/__https:/www.bloomberg.com/news/articles/2022-11-09/worst-of-europe-s-diesel-crunch-won-t-hit-until-spring__;!!MfzFaTml5A!gd7gmhsaRivnGzJpu_IUfono96VeVuxqPuIJtGSJI2v8ltx1Ddh4aH23-SI-LVN003NVp9Hr0ZEqIVbKy5Ef$), much like the one in the U.S. Diesel inventories are at a 12-year low in the E.U.

Experts say that supplies will be replenished in December and January but that leaves a tricky few months in between. And Bloomberg reports the worst diesel shortage will hit in the Spring. The E.U. has backed itself into a corner by putting sanctions against imports of Russian products that could replenish the shortage. This will put a crunch on supplies of all kinds and contribute to increased costs of living. Maybe that’s why retailers in the UK say that they are not expecting a very festive holiday season.

So think of this, this winter is going to be extremely bad. But the West has some storage left that they are using. What happens in 2023, when this shortage is not reversed and the governments do not have any stock piles left! So if you think this winter is bad, prepare for the NEXT winter!