Diesel Shortage Runs Deeper Than Middle East Conflict

The diesel shortage that has been making headlines is more complex than most people realize. According to an analysis, a shortfall in diesel and jet fuel production has existed since at least 2020.

This means that the current crisis with the Strait of Hormuz is not the only cause of the problem. In fact, the shortage predates this conflict and is a result of the global economy's increasing demand for these fuels.

The world's economy has been relying more on diesel and jet fuel to meet its growing needs, but this has led to a supply gap. The solution lies in transforming the economy to use these fuels more efficiently and investing in research to extract heavy oil at lower costs.