I just noted this past weekend an article on warning signs of a major crisis, one of which was sudden shortages. Thus, it was with some concern that I read the following article from the New York Post: "Costco starts rationing motor oil as global shortage sends prices soaring." The article relates:
Costco is rationing its Kirkland Signature motor oil as a global shortage of a key ingredient used in synthetic lubricants sends prices soaring — with a 10-quart pack that once sold for as little as $30 now fetching nearly $58.
The warehouse giant is limiting members to two units every seven days as supplies of premium base oils remain squeezed by production outages and disruptions in the Middle East.
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