Economic Winter Looming

Will the diesel shortage trigger a freezing up of our economy?

As I’m sure you’ve heard by now, diesel fuel supplies are at critically low levels, which could have dire implications for economic activity. I’m going to let George Gammon and Mark Moss do most of the talking on this one.

Our economy is a bug in search of a windshield!

We may have found it with a fuel crisis, but time will tell. The problems out there are too numerous to mention, but suffice to say, they are all interconnected. If one cog in the machine gets jammed, the whole machine stops and with it, everything that depends on the machine suffers.

One of the main issues we’ve been dealing with ever since the world was shut down in the spring of 2020 is that our whole world is built around efficiency at the expense of resiliency. Everything depends on there being just enough supply of practically anything you can think of, from raw materials like fuel and food to higher order goods like computer chips with all of it in turn depending on supply chains that had no redundancy built into them. ( Still don’t! ) This situation has been building for so long, that every institution that makes up our society has become attuned to this reality. Like, oh, healthcare for example.

It seems that we have seen one supply shock after another over the past 2 1/2 years now. It may be no fun to have to wait longer than you’d like for a new vehicle, but it’s quite another thing to have to wait for food. Could it really get that dire? I’m in no position to say for sure, but I’d hate to find out the hard way that I should have made a few more trips to the grocery store while I had the chance! What’s the worst that could happen? You end up with extra food for yourselves or your neighbours?

This fuel shortage has been a long time in the making.

Here I’ll let Jim Puplava and Chris Martenson do the talking. Check out this conversation from over 10 years ago they had covering this topic ( as well as a few others ). It sounds like it could have been recorded yesterday!

Were they early on their predictions? Just a tad! What was the worst that came out of their preparedness way back in the day? They got to walk to work and learn how to be more self-sufficient. Not a bad trade if I say so myself!