Open Your Eyes: The Energy Crisis Isn't Coming, It's Already Here

Eugenio Catone 7.03K Followers Follow Summary Global diesel prices have reached unprecedented highs, signaling a severe energy crisis exacerbated by ongoing geopolitical conflicts. Refinery disruptions in Russia and the Middle East have driven diesel crack spreads to all-time highs, highlighting acute shortages in refined products. AI-driven stock market resilience masks underlying inflation risks; tightening monetary policy could trigger a sharp market correction, especially for leveraged AI firms. With US refineries at 98% utilization and limited global buffers, further supply shocks or prolonged wars could escalate inflation and destabilize markets. Yesterday, I filled up my car and I was puzzled about the current diesel price: €2.20 per liter, which equals to $9.66 per gallon. By the way, consider that Italy is currently offering a price cut of €0.17 on diesel, but it will expire on 17 September as This article was written by Eugenio Catone 7.03K Followers Follow Passionate about geopolitics and macroeconomics, I express my opinion through my articles and enjoy engaging with all of you. I also write about companies that catch my attention, particularly those in my portfolio. For me, Seeking Alpha is a way to expand and share my knowledge. Graduate in business economics, CFA Level 1 and popular investor on eToro. Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.