Energy Crunch: Demand for Diesel and Jet Fuel Soars But Refining Capacity Sinks

Refineries are closing due to environmental pressure. However, the public does not want EVs and the demand for diesel and jet fuel is on the rise.  Bloomberg reports A Crunch in Key Corner of Oil Market Leaves Consumers Vulnerable to Heat and War.  Oil demand growth has outpaced the increase in refinery capacity since 2021...