Three things have happened.
1.) Biden cancelled oil and gas leases in Alaska issued by Trump. Approximately 25 million acres rich with gas and oil is no longer available.
2.) Biden is suspending Trump’s policy allowing shipment of natural gas by rail. It means all the rail shipments will have to go by road.
3.) Yellow, one of the largest trucking companies in the US has just gone bankrupt. Approximately 30,000 employees will lose their jobs, chapter 11 is being filed. This includes a $700 million Federal loan, with taxpayers money which will probably be lost.
So, fill your liquid gas tanks as fast as you can, demand will outstrip supply soon and prices are about to take off.
1.) Biden cancelled oil and gas leases in Alaska issued by Trump. Approximately 25 million acres rich with gas and oil is no longer available.
2.) Biden is suspending Trump’s policy allowing shipment of natural gas by rail. It means all the rail shipments will have to go by road.
3.) Yellow, one of the largest trucking companies in the US has just gone bankrupt. Approximately 30,000 employees will lose their jobs, chapter 11 is being filed. This includes a $700 million Federal loan, with taxpayers money which will probably be lost.
So, fill your liquid gas tanks as fast as you can, demand will outstrip supply soon and prices are about to take off.