With gas prices surging as the war in Iran enters its third month, one Canadian oil and gas expert is warning the conflict has led to the “worst energy crisis that anybody alive has ever seen.”
I’ve been warning people about this possibility for months. Ofc no one listens. Oh well, I have a dry stock of food for about three months and am growing it slowly. I am also slowly stocking up on gasoline when i can afford to drop 20 bucks on a 5-gallon container and 25 on gas. Unfortunately, networking is all but impossible because I live in hog country.
The worst part: It is impossible to stop now.
The Strait has been closed for almost two and a half months now. If inventories continue to decline at this 10 million barrel a day pace June, the world will be at operational stress levels, by September refineries and pipelines will reach operational floor and start shutting down. This is assuming a demand destruction of 5.6 barrels a day by June due to prices.
I’ve been warning people about this possibility for months. Ofc no one listens. Oh well, I have a dry stock of food for about three months and am growing it slowly. I am also slowly stocking up on gasoline when i can afford to drop 20 bucks on a 5-gallon container and 25 on gas. Unfortunately, networking is all but impossible because I live in hog country.
The worst part: It is impossible to stop now.
The Strait has been closed for almost two and a half months now. If inventories continue to decline at this 10 million barrel a day pace June, the world will be at operational stress levels, by September refineries and pipelines will reach operational floor and start shutting down. This is assuming a demand destruction of 5.6 barrels a day by June due to prices.
And most people still don’t understand just how bad it’s going to get.