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User:BRH266/Fuel crisis

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This is an old revision of this page, as edited by BRH266 (talk | contribs) at 01:48, 18 October 2022 (I have added how Ukraine is adding to the fuel storage crisis.). The present address (URL) is a permanent link to this revision, which may differ significantly from the current revision.

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Lead

Price of gas have been through the ruff. Not only are prices high but supplies for gas is low. There are manny causes for this. One being the war in Ukraine.

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The war in Ukraine has been going on for several months as of ( October 17th, 2022) and there is no end in sight. Just like any war Ukraine is using a lot of resources but has no time to deliver the resources that it normally does. This dose not just effect Ukraine but the effects are being felt globally. The war that Ukraine is in is a war with Russia. Russia has stoped producing oil in turn to fight this war. "Global access to oil and gas has been significantly reduced."[1] Now that gas is reduced that means the demand for what is produced will be higher. "Crude oil prices—currently up 33 per cent—are projected to rise above 50 per cent by the end of the year".[1] Now since Ukraine is in the war with Russia they are experiencing the worst of the problem. "For the past three weeks the country has found itself in the midst of an acute fuel shortage which means that all but a handful of pumps nationwide are closed to the public."[2]

Now you may be thinking ok they don't have gas how bad can it be. Bad it can be very bad. "Ukraine in a given year is either the third or fourth biggest source of agricultural imports."[3] With the lack of fuel Ukraine can not operate like it used to. "Farmers need fuel, mostly diesel, to power their tractors, plows, combines, and delivery trucks."[3] Since they are not getting fuel due to power outages and the dock imports bing blocked all of the normal exports are not being produced and if they are then they are not leaving Ukraine.

References

[1]"Ukraine and the food and fuel crisis: 4 things to know". UN Women – Headquarters. Retrieved 2022-10-18.

[2]"Much of Ukraine is paralysed by a petrol shortage". The Economist. ISSN 0013-0613. Retrieved 2022-10-18.

[3]"Ukraine's Growing Fuel Crisis Will Cause Global Hunger and Worsen Inflation". Time. Retrieved 2022-10-18.

  1. ^ a b c "Ukraine and the food and fuel crisis: 4 things to know". UN Women – Headquarters. Retrieved 2022-10-18.
  2. ^ a b "Much of Ukraine is paralysed by a petrol shortage". The Economist. ISSN 0013-0613. Retrieved 2022-10-18.
  3. ^ a b c "Ukraine's Growing Fuel Crisis Will Cause Global Hunger and Worsen Inflation". Time. Retrieved 2022-10-18.