Satan Soldiers Plandemic: Diesel Is a World Wide Problem, Not Just a European One. Warning: America’s Service Stations Will Run Out of Fuel Very Soon, You Can Think Google, FakeBook For All the Misinformation

HNewsWire-We cited the CEOs of several of the world's largest independent energy traders earlier this week, who appeared at the FT Commodities Global Summit in Lausanne, Switzerland, and revealed a bleak outlook for the diesel market: "The main source of worry for everyone will be fuel availability. "Europe buys around half of its diesel from Russia and roughly half from the Middle East," said Russell Hardy, CEO of the Swiss oil trader Vitol. "There is a systematic diesel shortage."

As a reminder, Russian supplies account for around 15% of Europe's diesel use, according to the Financial Times, which published their views.

According to Hardy, the transition to higher diesel usage over gasoline in Europe has contributed to fuel shortages. He also said that in reaction to increasing prices, refineries may increase diesel production at the cost of other oil-derived goods to shore up supply, but he cautioned that rationing was a possibility.

Meanwhile, Torbjorn Tornqvist, co-founder and chair of the Geneva-based Gunvor Group, said that "Europe is running low on diesel," but added that "Diesel is a worldwide issue, not just a European one. It really is."

Tornqvist also cautioned that European gas markets were no longer working correctly, owing to traders' need for cash to cover hedging positions from banks. "I believe it's broken." "It really is," he said. "I never imagined that someone would remark, 'Oh, gas has dropped to 100 per megawatt hour, it's extremely inexpensive.'"

Finally, Trafigura CEO Jeremy Weir, who has lately received billions in margin calls and has warned that commodities trading companies risk exploding in the absence of a central bank rescue, struck the final nail in the coffin by warning that "The diesel market is very competitive. It's going to grow tighter, which will almost certainly lead to stock outs," referring to when gas stations run out of gasoline.

Since then, the European Diesel market has practically frozen, as seen by the figure below, which depicts the extremely ridiculous backwardation in European diesel (2M-3M gasoil price differential).

... and the shortfall eventually spilled over - to use a loose phrase - on the street on Thursday, when Austria's energy major OMV declared it was "limited spot sales of heating oil and diesel until further notice," according to Bloomberg.

The firm noted in an email that the action was made to guarantee that it could satisfy contractual supply requirements, adding that "The spot business has been restricted as a precaution until further notice." The company did not specify where the limits are in effect, but it is safe to assume that they will soon affect all of Austria, which is extremely reliant on Russian oil; for example, earlier on Thursday, Austrian Chancellor Karl Nehammer stated that talk of an immediate boycott of Russian energy is both "unrealistic and wrong," adding that "it doesn't work." Austria imports 80 percent of its gas "Russian Federation."

The quest for alternatives to Russian fuel in Europe has turned New York from a traditional import location to an exporter, emphasizing how terrible the European diesel situation will eventually become. According to Bloomberg, New York is shipping two diesel cargoes to Europe, which depends on Russia for approximately a third of its diesel requirements, despite regional supplies being at multiyear lows and prices hovering around record highs.

The reversal exemplifies how Russia's invasion of Ukraine is unsettling gasoline markets throughout the world, despite the fact that the United States is comparatively less susceptible to Russian supplies. High gas prices in the United States have become a problem for President Joe Biden, and the strain on truckers and farmers is escalating.

According to Vortexa, Kpler, and shipping data collated by Bloomberg, two tankers, the Falcon Nostos and the Energy Centaur, are transporting more than 700,000 barrels of diesel from New York to Europe. This is a reversal of current trade trends, which have seen cold-gripped New York Harbor import at least 4.5 million barrels of diesel from Europe and Russia since the beginning of the year for power generating and house heating.

Diesel exports from the Gulf Coast to Europe are also increasing, with around 103,000 barrels per day travelling to the continent so far this month, up from 19,000 in February, according to Kpler. This trading channel is more popular, however it has declined in recent years, with Latin America consuming a large portion of the United States' export diesel market.

However, the flow of clean goods from the United States would "redirect toward Europe if European consumers are less ready to pull out of Russia," according to Reid I'anson, senior commodities economist at Kpler.

"Gas Stations Will Run Dry:" Satan Soldier a.k.a. New World Order Pukes Have Intentionally Destroyed the Economy According to the world's largest energy traders, a catastrophic scenario for diesel is emerging.

While the world has been focused on crude oil and gasoline in recent weeks, we have been warning readers about a far more serious crisis brewing in diesel, a source of energy that is critical to keeping the "just in time" world running smoothly.

As a refresher, here are some of the pieces we've published in recent weeks on the issue, many of which were written before to the Ukraine war:

The US Economy's Inflationary Driver Is Diesel 8th of February - Canary

The United States' diesel supplies are on the brink of collapse - Feb 18

China Requests Stoppage of Gasoline and Diesel Exports from State-Owned Refiners - Mar 10

The global diesel shortage raises the prospect of higher oil prices. Spike's birthday is March 12th.

Today, the presidents of one of the world's top commodities trading businesses and the biggest independent oil trader talked at the FT Commodities Global Summit in Lausanne, Switzerland.

According to the corporate leaders, up to 3 million barrels of oil and its products could be lost from Russia as a result of sanctions, which is consistent with previous estimates. They also warned that global markets are facing a diesel squeeze, with Europe most at risk of a "systemic" shortage that could lead to fuel rationing.

"The biggest difficulty for everyone will be the availability of gasoline." "Europe gets nearly half of its diesel from Russia and the other half from the Middle East," said Russell Hardy, CEO of Swiss oil trader Vitol. "There is a chronic lack of diesel."

According to the Financial Times, which reported on their comments, these imports indicate that Russian supplies account for around 15% of Europe's diesel consumption.

According to Hardy, the shift in Europe toward greater use of diesel over gasoline has led to fuel shortages. He also said that, in response to rising costs, refineries may expand diesel output at the expense of other oil-derived items in order to maintain supply, although he warned that rationing was a possibility.

"Diesel is not just a European problem; it is a global one," said Torbjorn Tornqvist, co-founder and head of Geneva-based Gunvor Group. It really is."

Tornqvist also warned that European gas markets were no longer functioning properly, due to traders' demand for cash to fund bank hedging contracts. "I think it's broken." "It really is," he said. "I never envisioned someone saying, 'Oh, gas has plummeted to 100 per megawatt hour, it's incredibly cheap.'"

Gas futures linked to TTF, Europe's wholesale gas price, have varied from about €70 per megawatt hour before to Russia's invasion of Ukraine to more over €230 two weeks ago, before dipping below €100 this week. Prior to May 2021, European gas costs per megawatt hour were less than €20.

As previously reported, Europe's leading energy dealers have urged governments and central banks to provide emergency liquidity to keep gas and electricity markets operational, as big price swings triggered by the Ukraine crisis have put pressure on commodity markets. According to Hardy, in order to convey a cargo equivalent to one megawatt hour of liquefied natural gas priced at €97, dealers must provide €80 in cash, placing financial strain on their requirements.

Worse, implying that Europe is in for an even colder winter, Tornqvist stated that European utilities will struggle to fill gas storage for next winter due to the "paralyzed" status of the spot market for gas unless authorities step in to provide assurances to protect consumers from price volatility.

Returning to diesel, Bloomberg's Javier Blas tweeted some of the worst quotes from today's FT commodities summit:

"The diesel market is really tight," Jeremy Weir, CEO of Trafigura, said. It will become more constrained, very definitely resulting in stock outs "relating to the situation in which gas stations run out of fuel.

"Europe is running out of diesel," warns Gunvor's CEO.

"The thing that everyone will be concerned about is gasoline availability," says Vitol CEO.

Without diesel, not only would European traffic grind to a halt, but most, if not all, truck-based logistical support and supply chains in the United States would be rendered unworkable. As a consequence, the world economy will suffer.

Winter Is Coming! The Planned Energy Crisis Will Kill Millions — Satan Soldiers Are Evil

By StevieRay Hansen | November 20, 2022 |

The Energy Crisis Turns Into Hunger And Then Camps As the plandemic enters its third year, many small businesses across the United States are besieged on three fronts: deepening supply chain issues; periodic staffing shortages; and fewer customers showing up in some areas, fearing the Omicron spike in COVID-19 cases, “All Planned To Destroy” (((They)))…

Satan Soldier a.k.a New World Order Pukes Have Intentionally Destroy the Economy “Gas Stations Will Run Dry:” Catastrophic Scenario For Diesel Emerging According To World’s Biggest Energy Traders

By StevieRay Hansen | November 11, 2022 |

HNewsWire-While the world has been fixated on crude oil and gasoline in recent weeks, we have been alerting readers to a much more severe situation unfolding in diesel, a source of energy that is vitally crucial in keeping the “just in time” world functioning on schedule. As a reminder, here are some of the stories…

Food Is Being Used as a Weapon,Energy Is Being Used as a Weapon,Goods Are Being Used as a Weapon and Our Health Is Being Used as a Weapon, Satan Soldiers Are Getting Aggressive, Hell On Earth

By StevieRay Hansen | June 9, 2022 |

At My First Defense No One Came to Stand By Me, but All Deserted Me. May It Not Be Charged Against Them! But the Lord Stood by Me and Strengthened Me, so That Through Me the Message Might Be Fully Proclaimed and All the Gentiles Might Hear It. So I Was Rescued From the Lion’s…

Biden & His Crew of Filth: New Office of Nuclear Energy Deputy Assistant Partook in ‘Puppy Play’ Kink Community

By StevieRay Hansen | April 5, 2022 |

Biden Admin: Photos have emerged revealing that the new Deputy Assistant Secretary of Spent Fuel and Waste Disposition in the Office of Nuclear Energy, has taken part in the sexual “kink” community called “puppy play.” The caption of the February 19, 2018 post reads: Kink 101 was amazing this year at #mblgtacc2018 #mblgtacc,” with the…

The Left Is Fighting Tooth & Nail Against American Energy Independence In Light Of Ukraine Invasion.

By Bryce Abbott | March 4, 2022 |

Governor Tom Wolf of Pennsylvania has sent a sharp response to a letter from House Republicans on the Energy Committee urging him to relax limits on Pennsylvania’s gas reserves and alleviate market uncertainty created by the Ukraine crisis. The United States’ greatest natural gas reserve sits underground in Pennsylvania, Ohio, and West Virginia. There are…

Dems Block Approval Of Keystone XL Pipeline Despite The Urgent Need For Energy Independence From Russia.

By Bryce Abbott | March 2, 2022 |

The “American Independence from Russian Energy Act,” introduced by House Republicans on Feb. 28, would authorize the Keystone XL pipeline, boost domestic oil and gas production, and prevent President Biden’s executive branch agencies from halting energy leasing on federal land and water, among other provisions. Despite this, the bill was defeated on March 1 by…

Satan Soldiers Plandemic: Energy Secretary Warns Of Crippling Cyber-attacks White House Calls Growing Cyber

By StevieRay Hansen | January 28, 2022 |

Threats a ‘Rising National Security Concern’… As fear mongering on cyber security gains traction, as is the case right now, you can be certain that there are other disingenuous motives to promote Technocrat goals in hopes of capturing the world into a Scientific Dictatorship. The plandemic move forward,Energy Secretary Jennifer Granholm on Sunday called for…

Biden Seeks to Dismantle American Energy Production.

By Bryce Abbott | January 21, 2022 |

Representatives grilled two Biden administration appointees on U.S. pipeline infrastructure, energy costs, and a potential ban on liquefied natural gas exports at a House Energy Subcommittee hearing on Jan. 19. H.R. 6084, the “Energy Product Reliability Act,” introduced by Subcommittee Chair Bobby Rush, prompted the hearing. The bill would require the Federal Energy Regulatory Commission…

SRH: So we all need to stop using fossil fuels, but only people who need to fly in corporate jets can't stop using fossil fuels. We won't have to build walls to keep out people like Nancy Pelosi, Mark Zuckerberg, and Bill Gates, but they will keep their homes safe.

There will be no news about Hunter Biden's laptop being lost. In contrast, the fake "collusion" story about Alfa Bank will be in the news for weeks.

Those who live in the middle class are going to have their lifestyles cut back on as we are told to live more sustainably and move to apartments and use public transportation. It will still be possible for the Obamas to keep their three homes, and Silicon Valley futurists will want to be able to keep their yachts.

In fact, we're about to see a very big change in the way things work. A different kind of change will happen than the elites expect, and one that the people should be very afraid of.

Everyone is angry about hyperinflation, which could soon rise above 10% per year. We will be lucky if it only ends up being a recession or stagflation, not a global recession.

The mess was made by the same group of people who bought into "modern monetary theory." That silly idea from the university said that prosperity would come from hugely expanding the money supply, keeping interest rates at near-zero levels, running huge annual deficits, piling up unsustainable national debt, and subsidizing workers to stay home. It didn't work.

In the last few years, the cost of natural gas and oil has risen to an unsustainable level. This means that the middle class will not be able to travel, stay warm in the winter, or stay cool in the summer.

In both Europe and the United States, left-wing governments tried to stop drilling and pipelines that didn't go through Russia. They shut down nuclear power plants and gave money to expensive, inefficient solar and wind projects that didn't work. Instead of having utopia, they had fuel shortages and high prices. They also had to depend on the world's most repressive governments to get their energy from.

There was supposed to be a "woke" movement in the West that told us that the "white male"-dominated Western world was bad. Systemic exploitation, racism, and sexism are said to be the only reasons for its rise, rise, and current wealth and leisure.

Elites came up with cancel culture, doxxing, deplatforming, and social ostracism to shame these people who they said were exploiters and to ruin their lives and jobs.

Few people thought about how a supposedly disgusting West of some 2,500 years had become the number one destination for non-Western migrants and had the most prosperity and freedom for its citizens around the world.

Because Biden and the Davos elite want to change things, there will be a reset reckoning.

There will likely be a big "No!" in the November 2022 midterms to the traditional left-wing agenda, which has led to unsustainable inflation, a lack of affordable energy, wars and humiliation abroad, spiraling crime and racial hostility, and arrogant defiance from those who voted for it.

The thing that will be replaced by It's a return to what worked before.

There will be closed and secure borders with only legal and measured immigration coming back soon. Many Americans will call for tough police enforcement and deterrent sentences. They will also want a return to integration and the importance of individual character rather than a focus on the "color of our skin."

The public will keep turning off the "mainstream" media because it is partisan and doesn't do a good job. We will see a lot more oil and natural gas being made so that we can move to a more diverse energy source, a strong national defense, and a deterrent foreign policy slowly.

The prophets of the new world order sowed the wind, and they will soon reap the whirlwind of a public tired of elite incompetence, arrogance, and ignorance. This will happen soon.

 

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Source: ZeroHedge   HNewsWire    HNewsWire   HNewsWire

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