Larry C. Johnson: The Squeeze Reaches the Runway: The Distillate War Is Now Cutting Flights

September 19, 2026 MDRose Economics, Energy, Geopolitics 0
For most of this year I have been making an argument about a fraction of a barrel. Not the barrel itself — the flat price of crude has been a headline anyone can read — but the middle of it: the narrow band of the distillation column where diesel and jet fuel come from, and where the real damage of the Iran war was always going to land. I called America’s role in it a paradox — a shortage it is supplying, not suffering — and I argued that the country’s genuine vulnerability was never crude availability but the refinery-to-fuel chain that turns a barrel into something an engine can burn.

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