Mike Hendrix, writing at Cold Fury, slipped an aside into his most recent article that sent chills down my spine.
A final note: my brother tells me that his conversations with other truckers indicate that, should diesel passes the five-dollar/gallon mark, a large number of his fellow independents and owner/operators intend to shut ’em down. They’ll do it too; they’ll have to, they won’t have any choice in the matter. My brother his own self is near that point already; he told me the other day that his every-other-day fillup, formerly around 250 to 300 dollars, cost him well over eight hundred bucks last time. No business can go on hemorrhaging that kind of money for very long before quickly bleeding out. Think the huge truck-driver shortage, a genuinely dangerous situation, couldn’t possibly get much worse than it already is? Think the price of every good, every commodity, can’t keep rising so insanely? Think this is a crisis we’re in now? Just you wait until thousands more trucks, the lifeblood of our economy, have been taken off the road for good.
What does that mean in raw figures?
- Owner-Operators primarily operate Class 8 Trucks (33,001 pounds and greater). There were approximately 2.9 million registered combination trucks (tractor-trailers) in 2018.
- There are approximately 350,000 owner operators driving in the United States today … Owner Operators make up 9% of the truckers on the road today.
- Nearly 1.5 million people work for the 124,320 employer businesses in this industry, and another 587,000 are self-employed, or “nonemployers” … These nonemployers (assuming one person per business) make up nearly 29% of the workers in the industry.
So, if independent owner-operators have to park their trucks because they can’t recover their fuel costs from their customers, we’re talking about a 10% reduction in the number of trucks available to haul freight – this on top of an existing supply chain crunch that’s got every truck running as hard as it can, all day, every day, just to try to keep pace. We’re also talking about a quarter to a third of those involved in the trucking industry being out of work.
Our supply chain simply can’t handle such losses. It’ll be crippled.
And all this because the Biden administration has deliberately, with malice aforethought, sought to cripple US fuel independence, shut down drilling and production of fossil fuels, and make us more dependent on “green” energy sources that can’t possibly make up for what they’re replacing.
Try telling me again that the Biden administration’s energy policies aren’t a deliberate attempt to damage, if not destroy, the US economy, and with it the USA as an independent nation. I won’t believe you. The evidence speaks for itself.