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229 - Pipes, Pumps and Putin. The Energy Crisis is here.

The David McWilliams Podcast

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The Price Is a Signal for Everything, Right?

All our desel comes from two refineries, crude oil refineries, which refine the stuff into deasel. The supply now is incredibly fragile, because their supply of crude is predicated on what's going on in ukraine and russia. If you make a mistakeif something odd happens, you've got no deasel, eli none. And that's the prospect for the next couple of weeks. At 800 thousand litres, right, all you need is a big hallier. So, basing the ink for the prices are going up as you mean, the prices themselves, though, classical economists say the price reflects where the market clears. No, the price is a

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