I’m betting at some point around late August personally. Maybe September latest.
Your daily reminder that it isnt a shortage if you can still buy it for a higher price
It’ll be uneven.
I know people in Philippines who no longer cook at home because they haven’t been able to afford LPG for the last 2 months. So their “shortage” (under capitalism there are no shortages, just prices you can’t afford) started a long time ago.
I doubt USA, as an oil producing nation, will see proper shortages ever. They’ll just stop exporting their surplus. America First.
Other rich countries that don’t produce / refine oil will be getting properly desperate around end of July / August, yeah.
Time to shamelessly plug [email protected]
I doubt USA, as an oil producing nation, will see proper shortages ever. They’ll just stop exporting their surplus. America First.
The USA already doesn’t ecport its own oil. It is one of the worlds top oil producers… and consumes all of it, and then needs to import more to continue functioning.
Honestly this is a very basic fact that anyone purporting to know how global oil markets will move should know before making any predictions.
Incorrect: US oil exports hit record high. What does this mean for gas prices?.
The US doesn’t have neither the refinery capacity nor pipeline infrastructure to process all of its extracted crude oil. So that country will be as vulnerable to oil shortages as most others.
The amount of stuff that needs oil to be made and is made overseas is staggering. That’s where the US will be hurt. Indirect costs will skyrocket.
It’s going to be CPUs. Expect cell phones to become unobtainable.
My country subsidizes fuel heavily, and recently signed a supply arrangement with russia. So, pretty soon.
Who cares? It’s been 27 years since “Peak Oil” scare.
https://trends.google.com/explore?q=peak+oil&date=all&geo=Worldwide
https://www.sciencedirect.com/science/article/pii/S2214629618303207
It’s been 50 years since the oil shortages of the 1970’s.
Time is a flat circle. You will simply continue paying for gas to survive. The powers that be have mandated it so.
Who cares?
The world’s economy and everyone whose affected by it.
Who cares? I think everyone in about 3 months, whether they like it or not. Time is ticking.
