On Jan. 3, President Donald Trump shocked the world by ordering Operation Absolute Resolve, a series of military strikes against Venezuela that climaxed with the capture of Venezuelan President Nicolas Maduro for narco-terrorism and drug trafficking. This Venezuelan strike has not only created geopolitical instability, but it also could destabilize the finances of the average American in a rather surprising way: via your grocery bill.
Venezuela is a central exporter of the heavy crude oil that American refineries utilize to make diesel fuel. As MoneyTalksNews has reported, despite the fact that crude oil markets are stable thanks to an overall surplus of global supply, diesel is another story. Any potential disruption to the diesel supply chain — such as the disruption of Venezuela’s heavy crude — could negatively impact America’s diesel-dependent trucking industry.
