The Diesel Dominoes Are Falling
For the last two years, I repeatedly warned that America’s power grid and diesel supply chain were running on borrowed time, and this past Sunday the bill came due in Channahon, Illinois. A grid failure knocked out ExxonMobil’s Joliet refinery, triggering emergency flaring and a full operational outage. That single event wiped roughly 11 million gallons per day of gasoline and diesel off the Midwest market, and I believe it marks the opening move in a systemic fuel price shock that will ripple through every grocery aisle, farm field, and freight lane in the heart of this country.
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