America's energy infrastructure and resources are in such disrepair, and refining capacity constantly declining, that any disruptions – this includes the smallest supply chain hiccup or delay – will send energy prices into a tailspin of wild and extreme volatility.
When the U.S. was still a relatively stable country with competent leaders at the helm, gas prices would remain pretty much stable year after year, save for the annual summer rush and busy holiday seasons. Today, gas can rise and fall sometimes 20 or 30 cents a day – and such volatility will only worsen the more our energy infrastructure and resources are dismantled.
"The market is overly sensitive to any unexpected supply disruption anywhere," says Frederic Lasserre, the global head of research at the Gunvor Group, one of the world's largest independent commodities trading houses. "Everyone knows there's no plan B. We have no stocks, and we have no excess capacity anywhere."
Russell Hardy, the CEO of Vitol, another energy and commodities company, agrees. He told the media that during the Wuhan coronavirus (COVID-19) "pandemic," many refineries closed, leaving Western markets with a perpetual lack of sufficient oil products.
(Related: If Biden does not get his way in forcing his "green" agenda on America, there is a chance he might declare a "climate emergency" and seize COVID-like dictatorial powers.)
Tired of high energy prices? Blame Biden and the rest of the uni-party
Where Biden's actions – or rather, non-actions – come into play involves his regime's relentless antagonism towards the earth-based "fossil" fuel industry. Every chance it gets, the Biden regime chips away at our energy infrastructure while pushing far-fetched "green" alternatives that do not even hold a candle to what oil and gas provide for a vibrant economy.
It is almost as if Biden and his cronies are trying to crash the nation by depriving us all of the oil and gas we need to keep our homes heated and cooled, our trains, planes and automobiles running, and our food growing and making it to the grocery store.
Right now, prices at the gas pump are at their highest seasonal level in more than 10 years. Part of this massive inflation is being blamed on, get this: "extreme heat." Any excuse except for the truth will do, eh?
As for diesel, the fuel that "powers global industry," to quote Zero Hedge, this critical form of gas is even more expensive than unleaded. And just like with gas, there are no stockpiles of diesel in case anything goes wrong – and you can be sure that eventually something major will go wrong, probably right on time, that brings Western commerce to a grinding halt.
To make matters even worse, it is becoming increasingly more expensive to pay for oil and gas refining. What few refineries even remain are running at full capacity, the highest capacity at which they can safely run, and it is still becoming prohibitively more impossible to produce energy that people can actually afford to buy.
According to Sri Paravaikkarasu, director of market analysis at Phillips 66, the refining industry is "crying out" for fresh investment, especially as oil demand continues to grow in China and other Asian countries that, unlike the West, are expanding their fossil fuel use rather than trying to switch to solar panels, wind turbines, and wishful thinking.
The latest news about the Biden regime's animosity towards earth-based fuels that bring prosperity and abundance can be found at GreenTyranny.news.
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