WE'RE IN A GLOBAL OIL CRISIS AND IT'S HITTING EVERY COUNTRY AT ONCE… Important details: – UNITED STATES: Diesel averaged $6.29 a gallon in the September 14 EIA report, up 68% from a year earlier. GasBuddy’s Patrick De Haan also reported localized diesel sellouts at a few California stations. – PAKISTAN: The government has announced fresh cuts to official fuel use, banned new state vehicle purchases and restricted official travel. It’s also offering qualifying drivers a capped fuel subsidy of 100 rupees per litre. – BANGLADESH: Gas shortages and blackouts are disrupting factories. A knitwear industry survey found 78% of the factories surveyed had partially halted production, while 55% had buyers cancel or reduce orders because of energy shortages since late August. – FRANCE: Fishermen blocked southern ports and a fuel depot this week over rising fuel costs. The pressure is reaching businesses that simply cannot operate without burning fuel. – HUNGARY: The government announced payments for roughly one million owners of qualifying diesel vehicles, plus fuel-tax refunds for farmers. It rejected a price cap over concerns that it could worsen shortages. – SYRIA: A 40% diesel price increase triggered protests. The government has since announced cheaper diesel for eligible heating, farming and industrial uses. – CHILE: Officials are considering blending 10% ethanol into gasoline to reduce fuel costs. Their proposal estimates around $107 million in annual savings as expensive imports strain public finances. – RUSSIA: Diesel export restrictions now extend through September 30 as domestic shortages persist following refinery attacks. That removes supply from a market already struggling with disrupted Gulf exports. – EUROPE: The gas squeeze adds another problem before winter. Storage was just 69% full versus a five-year seasonal average of 85%, with Germany and the Netherlands among the countries lagging behind. – GLOBAL SUPPLY: The IEA estimates oil inventories fell by 507 MILLION barrels between February and August. Restricted shipping through Hormuz and damage to refineries are steadily eating through the buffer. What worries me is how far these costs travel… Farmers pay more to produce food. Truckers pay more to deliver it. Businesses either absorb the hit or pass it on.

Movement Control Order extended.. Y-Y Is a good or bad new for you? Okay, you listen to me! STAY HOME and EAT KIWI with me! #justsushii# #PonyTail# #knitwear#