Refinery Bottlenecks and Transit Fragility: Why Diesel Excise Cuts Won't Solve the 2026 Supply Crisis — NRG-IA

The Context of a Structural Crisis: Parallels with 1973 The global energy sector, and by extension the Romanian one, is navigating a period of volatility that forces somber historical comparisons. Recently, CEOs of the world's largest oil companies warned that the current context, marked by tensions in the Strait of Hormuz and the broader Middle East conflict, bears striking similarities to the 1973 Arab oil embargo. This analogy is not merely statistical; it reflects a paradigm shift in supply security. In Romania, the pressure is felt directly at the pump. Although the Government announced intervention measures, Ionuț Dumitru, honorary advisor to the Prime Minister, recently warned that returning prices to previous levels is "an illusion." This statement highlights that state resources for compensation are finite, and the external shock is too large to be fully absorbed through fiscal policies. Technical Analysis: The Paradox of Crude Availability vs. Refining Capacity A critical…