From Jeannine - Watch "DIESEL WARNS: A Global Fuel Crisis is Imminent" Steven Van Metre.
Diesel is warning that we’re on the cusp of a global fuel crisis that’s going to impact every household and bring every major economy to its knees. While the mainstream media remains focused on crude oil, a new warning from Goldman Sachs suggests the real epicenter of the supply squeeze is refining capacity—and it’s a "perfect storm" that could last through 2027.
In today's show, we "weave" the latest data from Goldman and Michael Hartnett (BofA) to show you the direct correlation between surging diesel crack spreads and the coming break in the labor market. I'll show you the charts that prove why rising energy costs act as a "stealth tax" on the consumer, leading to inevitable demand destruction and the potential end of the "soft landing" narrative.
Don't miss the 4:40 mark where I show the one NASDAQ chart that proves the stock market is ignoring this diesel warning at its own peril.
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