Where the Real Blame Lies for Fuel Shortages ; City Comment

Summary


IT WAS to be expected that the sight of 5% of the nation's petrol stocks going up in flames in the Hemel Hempstead fire would make people wonder if it might lead to shortages at the forecourt pumps and spark off a limited amount of panic buying.

And doubtless if there are shortages and delays in the delivery of heating oil over Christmas, and an uptick in prices at the pumps, the fire will get the blame.

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Extract


Where the Real Blame Lies for Fuel Shortages ; City Comment

But it shouldn't. There is a very real supply problem in the UK fuel industry but its causes predate the fire and will continue long after it has been put out.

Worse, the looming underlying shortage i...

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