Episode 1905 • • 1:34:38 - 1:39:38
1905: Nerdballs
Global Diesel Shortage and Impact of Drone Strikes on Refineries
A news report details record-high diesel prices driven by a 20% loss in global refining capacity due to drone strikes in Russia, the Persian Gulf, and the Red Sea. Analysts warn that diesel is an "untethered market" that could see "stupid numbers" regardless of crude oil prices. The shortage is expected to drive up grocery costs, home heating bills, and airfares as the winter season approaches.