China Rationing Diesel

Sharing is Caring!

by Martin Armstrong

China has begun to ration fuel amid the ongoing energy crisis. As reported by the BBC, trucks in China may only fill their tanks with 100 liters (10% capacity) of diesel, with other areas reportedly only allowing 25 liters. The city of Fuyang is limiting purchases and charging drivers a surcharge of up to 300 yuan to fill up their tanks. The fuel shortage will affect both domestic and international goods as trucks simply cannot drive to their destinations. Despite surging demand, all fossil fuels are in tight supply and have seen drastic upticks in price. Jeremy Stevens, Chief China Economist at Standard Bank, told the BBC from Beijing that companies have already begun using diesel generators to maintain factory operations. World leaders are urging this instant switch to renewable energy and net-zero emissions, but the technology does not currently exist to power the world. The energy crisis will contribute to supply shortages worldwide.

See also  Senator seeks to ‘expose’ China, Biden Family ties
See also  In China, TESLA Is Catfish, and Turns Auto Companies Into Sharks…
655 views

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.