The Oil Shock caused by the closure of the Strait of Hormuz is the largest resource crisis in living memory
Posted by Cmd_WillRiker@reddit | collapse | View on Reddit | 265 comments
We are witnessing the greatest resource crisis in living memory, maybe ever. People, especially redditors, are drastically underestimating the potential outcomes of this situation, a modest amount of which is either already happening or is going to happen no matter what happens. Oil is going to $200 a barrel. Gas in the US to $6+. The developing world will be in a new great depression. The developed world will be in recession by Q4.
The Strait of Hormuz has been closed by Iran and it is not going to open up, period. There is no situation moving forward that leads to a peace deal unless there is a coup inside Iran that puts a leader in place that does so (fat chance) or the US and Israel both capitulate on their demands.
Even if the Strait of Hormuz opens the second I post this, it will take months before we see signs of normalcy, and years before it gets back to pre-war status.
The Strait is currently mined by an unknown amount, with unknown types of mines, in largely unknown locations. That will take 6 months to clear.
There are some 1500 tankers of various sizes owned by various companies and corporations stuck in the Persian Gulf. Even in peace time, there are only a few safe lanes of travel through the 22 mile wide waterway, so who goes 1st? 2nd? There are empty tanks trying to get in.
(And Kharg Island, home to Iran's largest oil storage facility, is leaking oil into the gulf as I type this. Link)
These tankers move at like 15mph. It takes a month to reach any given destination, 40 days to reach California. Then they have to turn around and head back to refill, which is a shorter journey because they are lighter, but we are looking at 90+ days, 3 months before a tanker can make 2 trips to refill inventories in storage tanks around the world. A Fun gifted NYT article for you
An unknown number of pumps have been shut off or slowed down significantly due to storage tanks in the Gulf States reaching max capacity. Oil pumps are not faucets. They utilize immense amounts of pressure to operate, and shutting it off risks devastation to the pump. Then once you "shut a pump off" it takes time to restart again and more time to get back to pre-war production levels.
There has been a significant amount of oil infrastructure destroyed in the region and a proper account of the damage is yet to be made. In the beginning of the war, Iran struck a number of oil refineries, storage, and so forth across the Persian Gulf. Qatar's Ras Laffan LNG facility was hit and it will take years to get back online.
20% of the world's oil moves through the Strait of Hormuz, some 15 million barrels of oil, and large quantities of other vital resources like fertilizer, helium, and liquified natural gas. Each and every day. 15 million barrels of oil. Every day. And it's been closed off for 70 days with a small number of tankers able to successfully navigate through it.
In the 1970s, there was an oil crisis caused by OPEC who decided to flex their muscles and show the world who they were (to dramatically oversimplify it) and they managed to disrupt some 7% of the world's oil supply. This led to mass shortages of the stuff leading to rationing even in places like the US.
In 2022, Russia invaded Ukraine and there was another oil disruption. Oil futures reached $130 a barrel and gas in the US reached $5.01 a gallon. That was a 5% disruption.
We are looking at what might just be the biggest disruption of resources in the world since World War II. If the Strait remains closed through May, or god forbid through the summer, the Late Bronze Age Collapse might be a better corollary.
"But why is the stock market at an all time high?" you ask. I don't fully know. No one wants an economic recession or depression. No one wants to lose money or see equities go down or oil to go up. Everyone is honestly financially traumatized by Covid and the Trump administration that I don't think anyone is really thinking clearly about this. The psychology of this is weird.
In no particular order, here are a list of things already going on:
Oil Rationing:
The IEA has made a brilliant chart showing us how countries reliant on Hormuz oil traffic are rationing oil to reduce demand.
Link to 2026 Energy Crisis Policy Response Tracker
Jet Fuel:
Europe and the rest of the world is facing a massive jet fuel crisis leading to 10s of thousands of canceled flights. SocGen is saying that the US at best can replace missing inventory stores by 50% which means mass flight cancellations between June and July.
(Reddit hates my source, so I guess just trustmebro)
Oil Inventories are very low everywhere including the US:
The API and EIA reports released May 5 show draw downs on US crude oil, gasoline, and other oil product stores across the board.
Reuters brief on EIA report for May 5
IEA Report on Global Oil Disruption
JPM report and projection for oil inventories
All the CEO's agree this is bad:
Every CEO of just about every major oil and energy company is saying a shortage is either here or eminent.
Shell CEO Wael Sawan
Chevron CEO Mike Wirth
Citigroup's Global Head of Commodities Research Max Layton
Fertilizer:
UN report
All of this is to say, you are not taking this crisis seriously enough. All you "stocks go brrrr" kids are only familiar with financial crises. This is not a financial crisis. This is a resource crisis.
Oil is the most important resource in the world. The entire world is currently in a deficit, using more than it makes, and it is at risk of running out.
Oh and American credit and auto loan debt just hit a collective $2.8 trillion.
If Iran strikes more oil refineries, storage facilities and pumps in the region, like the ones that pump oil out of the Ghawar oil field, a nuke might be better.
Here's the timeline:
Mass Inventory Draw downs, the highest in history - May to June
Actual Oil Shortages begin. Oil goes to $150 minimum. Countries in Asia ration harder. Other countries to follow - Mid-June
US Gas prices go beyond $5 a gallon. California may ration gas and see $10 a gallon. Products that rely on oil to be made have supply shock - Start of July
August - too far away to predict.
dreduza@reddit
i recomend this treath
AlaliQasem
JPMorgan just published the scariest oil chart I’ve ever seen.
World inventories are in freefall.
And when this line hits 6.8 — the global energy system doesn’t slow down.
It breaks. 🧵
https://x.com/AlaliQasem/status/2053189239760732601
InvisibleAstronomer@reddit
OP needs to get this in dialogue with Nate Hagens
Lemna24@reddit
I've read the NYT saying that this oil shock is worse than in the 1970s, but it was hard to believe because we're not seeing the effects.
But the 20% supply disruption today vs 7% in the 1970s makes it clear. And the fertilizer disruption, which is under recognized as a problem IMO.
That said, you're preaching to the choir. I've been called Debbie Downer over and over. I'm tired of trying to reach people who don't want to see.
My husband got all over me for having extra food and water in the basement and we threw much of it out. It was expired anyway.
And I got burnt out trying to grow fruits and vegetables and learn food preservation. Doing this stuff alone while working full-time is a lot for the average energetic young person, but I'm old and tired y'all. 😞
I think the best way to do these things is in community with others. I'm going to try to get my introvert ass out more often to meet my neighbors and get on the waiting list for the community garden.
Cmd_WillRiker@reddit (OP)
I don't think you need to doomsday prep like that. I would moslty tighten up your budget and try to save money. Go ahead and ask yourself what would you do if gas hit $7 a gallon? How much to fill your tank? How dependent on cars are you? Is there something significant you could cut to save money? etc.
Vegetaman916@reddit
I disagree, number one. We have to zoom out our perspectives, and remember why this conflict and the ones before it started in the first place.
My age old post people are probably sick of by now, but no matter how old it gets, it keeps looking clearer...
https://www.reddit.com/r/collapse/s/FxS3ufI4Mk
Everything since the pandemic is just the lead-up to the thrid world war, which will be both a traditional war for global dominance, as well as a resource war. Between the desperate AI arms race and the inevitability of a nuclear option being used by the losers to make sure they don't lose alone, we absolutely need to be prepping for doomsday.
There is only one big picture, and everything else ties into it. This conflict isn't some isolated thing.
Overshoot, the limits to growth, climate change, resource scarcity, changing global power dynamics, all of it is part of the perfect storm that marks the end of modern civilization for generations at the very least.
Things don't get worse and then get better anymore, like fuel crisis of the 70s. They get worse... and then they stay that way until they get worse still.
And soon enough, we reach the bottom of worse... and that is collapse.
Texuk1@reddit
Drone technology severely limits the possibility of a full out global war like WWII.
Vegetaman916@reddit
Not really. Just like air power, drones cannot take and hold territory. For that, you must have boots on the ground. If anything, drone tech makes nuclear war even more likely as some nations may not be able to compete. Like Russia. And eventually, pressed too hard, they will have no choice but to turn to nuclear weapons.
Wars only get greater in scope as technology advances, not lesser.
sushisection@reddit
damn dude what a read. i believe we are already in ww3, the logistics and supply lines are already established. and the invasion into ukraine was the first manuever that turned the whole thing hot.
Vegetaman916@reddit
That is spot on.
Cmd_WillRiker@reddit (OP)
A lot to take in. I will have to read this and digest it for a bit.
Lemna24@reddit
I guess reading your comment reminds me I'm probably doing okay.
I don't worry about gas prices for me because our only car is a Honda Fit. Husband chose it because it's dependable, cheap, and fuel efficient. I get around on my e-bike, foot, or transit.
Texuk1@reddit
I think the oil market is much larger and deeper than in the 1970s. In he 1979s much of the world wasn’t using oil so the disruption was felt more by the US. There is an oil crisis and shortages in places where people can’t pay 115 like South east Asia. This probably why it’s a slow burn in rich nations because they are out buying others. I disagree with OP that we will hit 200. At that level the demand destruction will start, well be in recession, food won’t get harvested /moved, everything will seize up. And the price will fall back.
Slipsonic@reddit
Yep. I keep trying to tell people at work and stuff. Stock up on food and anything else you can't live without. They don't seem to believe me or care. Stores have always been full, so they can't imagine empty shelves. It's happened in the past and it's happening in poorer, war torn countries right now. It's coming here to the US and millions of people will be caught flat footed.
I don't know if it will be total starvation here in the US but I'm fairly sure none of us will be eating beef this time next year, and prices could be double.
Queasy_Confidence406@reddit
"They don't seem to believe me or care."
I mean no disrespect, but if most of the people on this sub spoke IRL like how they do here, they'd come across as complete wackos.
Texuk1@reddit
This. But the wackos can be right on the money. I spoke to people about COVID (then it had no name) when they first shut down a city in China. They laughed at me. Then one of the big bosses came in heard the conversation and said the economic intel the business has says this is a big one. We were WFH two months later. Sometimes the wackos arnt so wacko.
stuugie@reddit
Sure there's always been anxious early preppers, but at some point it's too serious to ignore. It's moving in slow motion atm, is all
tmleadr03@reddit
The problem isn't that the shelves are going to be empty. they are just going to be stupid expensive.
Koala_eiO@reddit
With 40% of obeses, I doubt it.
ChameleonPsychonaut@reddit
"Stock up" is good advice for someone who can afford to do so, but I can barely afford to feed myself on a daily basis as it is.
CrazyCatLady108@reddit
afford to and have space to store the stuff. if you are renting a room you don't have space to hoard canned goods and TP rolls. no extra space in the freezer.
Distinct-Working-143@reddit
Please try to stock up on some frozen beef or canned beef, because a variant of avian influenza is quietly taking the lives of chickens and cattle as well. The recent spike in egg prices was due to bird flu, and this year, the avian flu variant could become even more severe.
elmo298@reddit
Well, it would be very easy to feed the population using the agriculture poured into meat production, so it would require a drastic reshuffle that would be politically unviable, but it is possible
galt035@reddit
Oil is going to pale in comparison to the coming food crisis. It’s one thing to have energy cost make things more expensive. It’s another thing to not have the fertilizer and ammonia derivatives to even have successful plantings let alone harvests.
filmguy36@reddit
Couple that with this years predicted mega El Niño. The great famine is here
happyluckystar@reddit
If this actually were to happen wouldn't that be the collapse of modern civilization? At least partial collapse. Like, American Life wouldn't be the same. I'm talking like 70% homelessness.
Icouldshitallday@reddit
At 70% homelessness? The police wouldn't be able to evict those kinds of numbers. Stopping paying your mortgage/rent is one thing, but someone would have to come and physically remove them and keep them out.
sushisection@reddit
the banks will pay armed men, whether in uniform or not, enough to do the dirty work for them. at 70% homelessness, every man is desperate for a job.
XKryptix0@reddit
Who will they sell those distressed assets to tho? The rich? They won’t want to buy unproductive assets that nobody can pay for
sushisection@reddit
to other rich men. like always. abject poverty does not stop the industrialists from playing their games.
XKryptix0@reddit
Only if you believe we still live in the 19th century. Everything is far too financially interconnected today. No consumers due to poverty affects them as much as us
sushisection@reddit
nah they can revert to slave labor. they are trying to do that with AI right now. they dont need to pay us.
qwtd@reddit
Not at all possible.
Tearakan@reddit
Yep. End of 2026 is going to be a nightmare. My guess is 2027 won't get better either
leisurechef@reddit
2027 will be the back patio of 2026
jt32470@reddit
Trump admin wants mass panic, food shortages, chaos, looting.
Soooo he can create enable martial law, suspend elections.
And if the midterms are stolen it will happen.
GalaxyPatio@reddit
Even if the midterms aren't technically stolen I don't expect them to actually concede.
jt32470@reddit
Good point... Question is - will the MAGA idiots that wax faux news ever wake up?
Will they wind eating squirrels, and roadkill while bitching and moaning about 'libs' while watching fox?
SignatureFunny7690@reddit
no, hitler literally took advantage of the desperation of germany, the people were suffering the effects of the great depression, and being kicked while down by france sucking up every single thing they had as war reperations. Suffering anger and economic strife is the best way to nationalize people, deperatlly looking for anything to cling to to save them. America itself was very close to facism itself during the great depression, and fdr's policies saved us, we now have the children of the very same people who attempted the business plot back then during the great depression, in full control of our nation now since regan, now the architects of a new great recession. The oligarchs have already built their bunkers
imflipside0@reddit
I expect squirrels and roadkill are already part of their regular diet.
jt32470@reddit
While still watching faux news.
KneeBeard@reddit
In the case of my dad, he will be dead. He is several months into a 12 month diagnosis. It really makes that whole "I will be your retribution" line stand out for me.
WishIWasALemon@reddit
Now it makes sense why rfk jr is in charge of health.
jt32470@reddit
with what looks to be a new pandemic in the horizon.
GalaxyPatio@reddit
The ones who are still in it will never wake up. Every despot, no matter how evil, or stupid, or generally shitty has devoted holdouts, even decades after their time ends.
Ragfell@reddit
Remindme! 4 years
Tearakan@reddit
Problem is that usually ends with the deaths of current leadership. The chaos they preside over ends up providing opportunities for opponents either within or without.
Actively encouraging chaos while in power is like an aggressive version of self termination.
sushisection@reddit
and then we got mid-term elections in november. its gonna be a shitshow
MaddogBC@reddit
The fertilizer for 2026 was purchased and likely delivered 6-8 months ago, it went in the ground already. Next spring is when this shortage will come due and next fall when the food shortages are revealed.
This is a slow moving train wreck that everyone can see miles away. It already derailed, but it will be sometime before the full shocks are felt. Tankers are only just being missed, this is just the very beginning and like OP said even if it's solved today it will play out for years.
2027 will be when we suffer the full effects of this Godzilla El Nino and it's going to be an awful year no matter how you spin it.
HateHumansLoveDogs@reddit
Farmers need to get off the chemicals and go back to fertilizing the natural way...with all the cattle farms in this country they can buy manure and mix it with soil and spread it. Its how we planted before commercial fertilizer.
MaddogBC@reddit
Take a look at how much nitrogen and byproducts gets swept into our waterways. The cause of all these destructive algae blooms. A lot of it is just negligent practices. It's crazy to me how hard we overfertilize our ground just to extract every last ounce of profit just so they can afford bigger payments to JD for shinier equipment.
We literally could not feed the 8.3 billion people on this planet, it would mean mass famine and hundreds of millions of starvation deaths, if we went back to the old ways in any way. I agree, but we don't produce enough naturally as it is. Manure and slurry is pretty valuable in the farming community already I think.
HateHumansLoveDogs@reddit
They over fertilize because they lack good land management. They have decimated the top soils and they need more and more fertilizer to grow anything. The same thing happens in china that is so polluted by runoff its sickening.
MaddogBC@reddit
That is exactly what I was worried about but don't know enough on the subject to repeat. I will however draw comparisons to the Dustbowl and muse out loud what percentage of the mitigation efforts enacted back then are still around today?
Correct me if I'm wrong but haven't most of those barriers and such been reclaimed for farmland? Weren't they credited with saving a large percentage of North American production?
Things just get better and better on this roller coaster to the bottom we all seem to be on. Drinks are on me.
BigJSunshine@reddit
Huh???
loralailoralai@reddit
Love the northern hemisphere bias
MaddogBC@reddit
Seeing as how some of them are the cunts starting and perpetuating all this, yah it's pretty rich.
roytay@reddit
True about the fertilizer effects. 2027 will be much worse. But this year, fuel shortages will affect harvest and transportation of food. I think we’ll see some famine this year.
MaddogBC@reddit
The third world countries who can barely afford to feed themselves will absolutely feel and suffer food shortages this year. A system already near the brink of famine does not need much catalyst to kick it off.
Western countries can afford to just pay more so we will literally be taking resources from those poorer countries who cannot compete on cost. You're right it's going to show up this year but I think the rich countries will just continue to ignore it.
I fear no country will be able to ignore 2027. Water and food shortages that no amount of oil can fix.
Graymouzer@reddit
The rich will be able to ignore it. The poor in rich countries will not.
Silly_Will221@reddit
The rich countries will not be able to ignore it. This is the biggest oil disruption in world history;:: let that sink in.
BigJSunshine@reddit
I stood in gas lines with my dad )who was pink slipped from his job)in 1979. (or 78, IDK) I simply cannot fathom things getting worse
MaddogBC@reddit
Lifestyles won't change, at least not yet. Tell me what will you that fit's your idea of not ignoring it?
BigJSunshine@reddit
Thank dog I worked my victory garden this year and bought a years worth of gromulch and various fertilizers
Brullaapje@reddit
Plenty of people who think, it will all work out because we had crisises before.
MaddogBC@reddit
Few of us lived through the 70's shortage which is far less impactful than today. That resulted in lineups and rationing in the US. This is so much worse, but is being heavily masked by reserves and bullshit futures trading.
The financial pressure is building and the dam will break soon, when that reckoning comes life will get so much harder for everybody except the rich. They're getting richer of course.
Brullaapje@reddit
Neither have I, yet I can see what is coming and it's ugly as hell.
metalreflectslime@reddit
Do you mean Fall 2027?
MaddogBC@reddit
I did, will change thanks.
dcmathproof@reddit
I would call it a "Maga" El Nino...
Lord___Rictor@reddit
If the food crisis is actually real, it would justify the breaking of Iran government by any means necessary.
AggravatingMark1367@reddit
They didn’t start the war
filmguy36@reddit
It’ll be too late by then
Lord___Rictor@reddit
Well yeah because people are stupid.
This war would have already been over if we fought it like it was world war II.
OakTreader@reddit
I think people are also underestimating their reliance, on cheap accessible technology.
China and South Korea NEED middle-eastern sulfuric acid and Helium to make chips.
They won't run completely out, but there is a drastic drop in their supply. This will start having a massive impact soon.
Iphone 19's might NEVER happen... like if the only way to get one will be to shell out 20k, it won't be worth producing.
PS6? Maybe not...
Cheap TV? Not sure.
Bluetooth everything, smart fridge, Amazon Fire stick, self-driving car, batteries, solar panels? All of it depends on CHEAP asian micro chips.
These aren't life threatening like food shortages, but I think a large number of people are really underestimating how much they depend on this. The shock will be very hard on younger people.
Cum_Quat@reddit
Good. Then maybe they'll stop making every appliance "smart"
TheOneTrueHero@reddit
Just go look how the price of RAM has already skyrocketed over the last year and a half. It's already happening.
OakTreader@reddit
No one would buy an Iphone 19 with 32 Gb of disque space and 1 Gb of RAM... not for 20k...
TrekRider911@reddit
You underestimate Americans ability to finance anything with a loan.
03263@reddit
That's because theres so much demand to supply all the new data centers, manufacturers aren't selling to anyone else. All they can produce is already bought up for the "AI buildout" that nobody asked for.
ParamedicExcellent15@reddit
So, not French fries then…
metalreflectslime@reddit
Happy Cake Day!
tyler98786@reddit
Well especially when earths natural carrying capacity is about 2 billion give or take, and that's in a stable, non warming climate. Whats going to happen when the other 6 billion cannot eat? We're going to be looking at a refugee crisis in developed countries that is beyond comparison.
No_Foundation16@reddit
I think collapse gets real and in our face before the rest of this year is done. Starvation and maybe mass heat deaths and unreal gas prices incoming. Dear Leader and his lap dog news media will deny it all of course.
Cmd_WillRiker@reddit (OP)
Yea the fertilizer crisis is one Ive yet to dive into because the focus has been oil of late but the famine that will be caused by this will be historic.
Kitchen-Paint-3946@reddit
Great outline Op - should be helpful for those who need to understand
So may people I know are in denial, can’t fathom that our known comfortable way of life will change. My friend still talks about financial retirement. Like as if things will stay the same for 25 more years.
qwtd@reddit
Yeah don’t save for retirement see how that plays out for you
Jovan_Knight005@reddit
The Oil Crisis will be followed by a food crisis. It will probably get worse once we get to the end of May or later.
International_Gur566@reddit
Good thing we stopped Iran from having a nuke!!! That they were never building.... fcking clowns
No-Rutabaga-6678@reddit
I mean, every country is just letting him do it. They don't seem too too worried and mthrfckrs never learn anyways. Different day, same sht.
humanspeech@reddit
To add, Bahrain's infrastructure was also destroyed during the strikes between the US & Iran.
I will say, the less developed countries will also feel the crisis a lot stronger than the West. It's something I don't see talked about a lot, like a lot of people talked about how the war in Ukraine caused oil prices to spike but it also increased food insecurity because Ukraine exports sunflower oil / grains to a lot of countries cheaply.
The Gulf is already feeling the strain since we do rely on tourism to enhance our GDP + we do import a lot of our food from places like Pakistan and India.
And while food is important, I can't stop thinking about the pharmaceutical deficiencies we are going to start facing soon considering how many plastic items require crude oil as starting point.
Lemna24@reddit
Drugs that I take for menopause and ADHD have had supply disruptions for a while. Not to say it's related to this, but the system doesn't have much slack.
I'm thankful that I don't have anything that requires medication to literally stay alive. I feel terrible for those people and hope we can figure out a way to help them instead of making sure billionaires can get dick pills.
HateHumansLoveDogs@reddit
Im prob dead by the end of this year
sleepy_kitty001@reddit
I may not be dead but I'm going to wish I was.
HateHumansLoveDogs@reddit
prob, the hearings today were something to see. Not one politician got a straight answer from hegseth or gen cain. it was all deflect deflect, and the politicians meekly caved without any answers to the important questions of..congressional approval for war, where da money at, when will the shipping be open, is the war over, how many missiles does iran still have, americans are going bankrupt will this end in 30 days, inconsistencies in reports and testimony, oh and the money earmarked for ukraine where is it, and why are we helping russia make 4 billion a day, and so much more.
I felt like i was watching a hostile takeover by war powers , and that our impotent politicians can do nothing. We are truly done, well done actually, watch the whole hearing
loralailoralai@reddit
Even listening to Americans whine like babies about the ‘price of gas’ is infuriating to the rest of the world, when they already pay less.
humanspeech@reddit
the US also exports 9.1% of the global market's crude oil. They just don't use it internally which makes sense if you consider the oil lobbies that get 10Bill USD give or take in kickbacks every year which would allow them to manipulate the market as they please.
sushisection@reddit
well US oil is not nationalized. its owned by transnational oil corporations. so of course they are selling american oil to supply-shocked nations overseas while americans suffer from high fuel prices.
CoyotesOnTheWing@reddit
99% of pharmaceuticals contain petroleum products. Drugs, including aspirin, acetaminophen, antihistamines, and antibiotics are all manufactured using petrochemical intermediates such as benzene, toluene, and phenol.
Much of India's supply came from the Gulf.
UnicornFarts1111@reddit
Let's not forget how hot it is about to get in India this year.
Fox_Kurama@reddit
I worry that this might be the "Ministry for the Future" year for them. Its worth noting too that aside from that first chapter, its actually a very optimistic book too.
ZenApe@reddit
I just reread it last week, and I'd forgotten how much the book shows a possible future where people rationally and compassionately respond to the coming catastrophes.
I just don't see that happening.
humanspeech@reddit
Ironically we've been having some heavy rains in the Gulf, not as heavy as we did in 2023 when the entire region was flooded though.
GrimmFaceDoom@reddit
You sly devil you, trying to normalize the idea of nuking a country when your boots on the ground argument didn't get the traction you were looking for. Shills had an easier time back in the day huh? Is the pay good at least?
loralailoralai@reddit
For starters that response tracker is wrong for Australia. Work from home if possible is being encouraged, many states have made public transport free in an effort to encourage people not to drive. And there’s something else there that was inaccurate but I forget what it was now.
And also, thanks America for voting in this idiot who caused this. Brainless fool. Thanks to those of you who didn’t vote at all. Thanks to the scum in congress who are letting him do it. Your country has a hell of a lot to answer for and you should be more affected than you are.
Cmd_WillRiker@reddit (OP)
Got a source?
Either_Try_6382@reddit
Trump is a national and a worldwide security risk! Impeach him before the greatest economic crisis ever!
Ill-Temperature-4883@reddit
Yet we are still doing things like the F1. Like literally flying these cars around the planet, to race and burn fuel. Drag races. Nascar. Motorbikes. Touring cars. Tractor pulls. what oil crisis lol /s
sushisection@reddit
f1 isnt shit compared to the daily transportation of massive shipping boats, that we all participate in when we purchase goods/food.
Koala_eiO@reddit
F1 is research.
MaddogBC@reddit
F1 is making some pretty telling strides into electrification, but your point stands. This culture is addicted to fossil fuels and it has been our undoing.
gathmoon@reddit
Wait until the water wars start!
nuked24@reddit
Without fertilizers and the food they produce, do we even start the water wars?
gathmoon@reddit
Oh most assuredly yes. Because it's not just about agricultural use. Despite regulations in some countries there is still lots of pollution happening, so clean fresh water is getting short. Someone else mentioned correctly, countries that depend on mass desalinization for nearly their entire water supply. Without improvement that's going to fail eventually. Plus as climate change ramps up the human population will very likely condense into habitable zones in an attempt to survive and water in those areas will become scarce.
Jovan_Knight005@reddit
My country (Serbia) will probably be fine since we are a landlocked country and have rivers. That feeling of being fine in that regard won't last forever.
EastTyne1191@reddit
My state also has many rivers (Washington) but right now our government is apparently focused on building data centers which will deplete water resources. I read an article about a data center that illegally hooked up into the water system without notifying authorities, and ended up stealing 30 million gallons of water. The same data centers which will be used to monitor and devalue the populace is also going to deprive many of water.
Seattle is known for its abundant rains, but that may not be true for much longer.
sushisection@reddit
lemme guess, that data center was slapped with a fine and nobody went to prison
sushisection@reddit
until some dummies do some dummy shit and start a war based on ethnicity.
fedfuzz1970@reddit
Not if glaciers keep melting and snowfall continues to recede.
gathmoon@reddit
Places with fresh water will be addressed by the population condensing into the habitable zones I mentioned. Begun the climate regue crisis has.
thephilth@reddit
Isn't the gulf dependent on oil to produce their water via energy intensive desalination?
sushisection@reddit
yes, and they will migrate when the desert becomes unlivable.
Foxxie@reddit
70-90% of water is produced via desalination, primarily powered by oil. The spills also cause issues for the plants, which are obviously also vulnerable to attacks. It's triply fucked on this front.
RedditAppSucksRIF@reddit
Are we placing bets on when these could start?
Jovan_Knight005@reddit
"Begun, the Resource Wars have."
OneSalientOversight@reddit
Do not, my friends, become addicted to water. It will take hold of you and you will resent its absence.
bbccaadd@reddit
People often say we shouldn't build a city in the middle of the desert, and we may soon see the worst possible consequences.
sushisection@reddit
if the thought migration was a problem... just wait till the migration frisis brewing up right now bursts loose.
b0v1n3r3x@reddit
I have family in Vegas and they can’t see the problem living somewhere 100% dependent on external support to survive.
DruidicMagic@reddit
But "drill baby drill" was supposed to protect us from these kinds of shenanigans.
(and it's too bad auto manufacturers decided to ignore the fuel efficiency revolution)
galt035@reddit
It’s almost like the cost of oil is derived from the global market..
HateHumansLoveDogs@reddit
Not even close
We drill an enormous amount of oil per day, the kind of oil that would make us independent from every other country. Read why above
sushisection@reddit
oil corporation have america glued to its tit. and now its selling its milk to the other kids on the block.
HateHumansLoveDogs@reddit
Drill baby drill was a lie , it was only to make the oil companies richer. Here are the brutal facts for Americans about energy independence the more people that understand this, the more you can point out your politicians for outright lying. https://blog.drillingmaps.com/2025/06/this-is-why-us-cant-use-oil-it-produces.html
Educate your self and those around you. we have a refinery issue and the corporate owners of major oil refineries dont want to spend a dime to upgrade them to use the oil we drill. Maybe trump dont even know this, and was lied to. Most people dont know it. But someone should put a bug in his ear about it
Bayou_acherte@reddit
American consumers love big vehicles and despise anything remotely tied to sustainability
FeralHippie707@reddit
The media that bullshits them in that direction could change their buying habits to something more sustainable.
OatSoyLaMilk@reddit
Libs have to pretend a lot harder to be triggered by people buying EVs. Kidding of course, EVs rely on a lot of production that is also massively disrupted.
FeralHippie707@reddit
I bought an EV five years ago, my only use for gas stations is to use the rest room and the squeegee to clean my windshield. I do buy a candy bar or a BIC lighter to justify using their facility.
Bayou_acherte@reddit
The second the tv shows they like tell them to be sustainable is the second the change the channel
J-A-S-08@reddit
According to r/collapse, Joe Blows driving big trucks and SUVs aren't an issue. It's "100 companies" (like the oil companies that fuel them) that are the problem. Individual decisions, even times 300 million people, don't matter.
Dry_Ganache178@reddit
"No bro you dont understand! Its 100 companies! Please bro you gotta trust me! Those companies just magically produce tons of emissions for no reason! I swear they dont do it for consumers who gladly buy all the plastic junk."
FizzyelfDK@reddit
If everybody thought that way, we would get nowhere.... do you vote by any chance ? I mean youre just 1/300.000.000
J-A-S-08@reddit
Sorry, I'm not understanding this? I do vote. Can you explain more?
Bayou_acherte@reddit
And it’s fine for people to have as many kids as they want because Malthus was a racist
03263@reddit
I hear so many people say they hate them but that's all you can find anymore.
ArugulaAcrobatic4018@reddit
It does protect the US. There is a near limitless supply of fertilizer in North America. The US alone can become a fortress if need be.
Minisciwi@reddit
As soon as lawnmowers are not able to cut the greens on Trump's golf courses, things will get better
BigJSunshine@reddit
Wait- bigger than 1979 Oil crisis???
Cmd_WillRiker@reddit (OP)
Absolutely
HateHumansLoveDogs@reddit
The US could be completely insulated from the middle east if people understood this fact https://blog.drillingmaps.com/2025/06/this-is-why-us-cant-use-oil-it-produces.html
You all have been lied to, and no one understands it so i put it in a simple blog terms for people. You can go down the rabbit hole and get more indepth
saphyu@reddit
And yet RTO is what most people are dealing with
cosmic_kos@reddit
right now markets are disconnected from reality. But they can't stay disconnected forever. I think things could get real fucking bad. I mean I'm in Canada so it probably wont be the worst but anywhere that doesn't have some level of energy independence is so fucked.
Cool-Contribution-68@reddit
"Products that rely on oil to be made" -- so like everything?
Cmd_WillRiker@reddit (OP)
Yes. Because even products that dont need oil to be made still need it somewhere else in the journey from factory to consumer.
merikariu@reddit
Regarding why the US stock market is at record highs: It is because capital is fleeing other markets and being invested in US securities. Europe and Asia are highly dependent on imported energy. The USA is less so. Also, US stocks are considered less risky. If one has tens of millions of dollars that are seeking a predictable return, then one would move them to assets with the best probability of a yield.
Of course, the constraints on sulfuric acid (used in copper extraction) and helium (used in microchip manufacturing) and energy in general will, in turn, inhibit the continued construction of data centers. If the over-hyped AI market crashes, then the stock market will crash as well due to so much capital being tied up in AI stocks.
Jovan_Knight005@reddit
The inevitable AI market crash is the only thing that i can actually look forward to these days.
Happy_Ocelot_4945@reddit
The problem with that expectation is bookkeeping. Markets can stay irrational longer than people can stay solvent, see housing crisis/japan's lost decades
publicram@reddit
Not covid that shit down everything. Okay...
SadComparison9352@reddit
One thing you missed is US was much more dependent on mid east for oil in 1970.
Nowadays it is much less dependent, most of its oil come from its neighbors and itself
Cmd_WillRiker@reddit (OP)
The US is already drawing down on its oil inventories by somewhere between 8 and 20 mbd. While we may not have to ration like Asia is right now, we will see $6+ a gallon of gas. Everything else will get more expensive too since everything relies on oil.
Oil is not like cars or something. It is a vital resource that helps run our economy. It's like running out of steel or fabric.
markodochartaigh1@reddit
It's worth noting that the production cost of oil in the US has gone up 0% at this point. The oil companies are making a huge profit. https://thehill.com/policy/energy-environment/4961820-oil-bigwigs-open-wallets-for-trump-after-billion-dollar-request/ If the US had nationalized the oil industry like Norway or Venezuela the US gas price would be much less. Or maybe we would have had an oil company backed coup like Iran and have had a dictator for decades.
Cmd_WillRiker@reddit (OP)
No we want the price to go up. This is a resource crisis not a financial one so the price actually matters.
The price going up will force people out of the market reducing demand. We do NOT want to get low on our oil stores.
bleenken@reddit
This is not the biggest resource crisis ever, and never will be.
The stock market is still up because it is a scam and just a game that billionaires play. It’s not a marker of a healthy or unhealthy economy. This is almost common knowledge now.
ArugulaAcrobatic4018@reddit
This post reads like AI slop
Sea_Implement_8152@reddit
And this is just a test. It's literally an artificial resource crisis.
Magnesium4YourHead@reddit
Or is it hiding the natural resource crisis?
UpstairsPractical870@reddit
Millennials: another once in a life time event? So just another tuesday
CivetTrivet@reddit
Monday - Tuesday is reserved for Venus
rainbowtwist@reddit
No Tuesday is for Mars. And tacos.
TrekRider911@reddit
To be fair, Reddit is one of the few places talking about it. No one in “real life” is talking about this. CBS news had a 15 second story about it. No one outside of people tuned into this world of oil , gas and supply chains is talking about, seeing this coming. And that is terrifying.
Logintheroad@reddit
Yet the Trumpets are so quiet about it. Maybe they are still worried about eggs ...
Dangerous_Forever640@reddit
Does no one remember Covid lockdowns?
GN0K@reddit
I think cities running out of water is bigger but what do I know
jaimealexlara@reddit
Yep. I live in that city and its so scary and weird how people continue to be as if nothing is going on.
Jovan_Knight005@reddit
I feel that it's a similar situation in my country's (Serbia's) capital, Belgrade whenever i go to the college that i'm attending there.
They're doing everyday affairs while i'm desperately trying to sane amid the slowly approaching collapse. Perhaps i start writing a diary about collapse.
artisanrox@reddit
the struggle from the disconnect of what's coming up, and everyone else doing as normal is very real
LystAP@reddit
Related. Due to Trump dropping sanctions and all the attention on Russia making money, Ukraine has actually accelerated it's strikes on Russian oil infrastructure.
All those articles on how it'll take years to repair Arab oil infrastructure - that also applies to what is happening in Russia.
pocketgravel@reddit
Here's an old infographic from a week or two ago. It's out of date but I can't find an update to it.
link to an article with a live map tracker
Ukraine certainly isn't helping... I understand their position though.
OatSoyLaMilk@reddit
Okay, can you understand Iran's too?
pocketgravel@reddit
Actually yeah, what the US did was pretty restarted and Iran is playing the hand they have. Doesn't mean I agree with them or want it to continue (I'm a passenger here same as you).
Ukraine has been blowing up refineries before it was cool though, so this whole Iran deal is making their multi-year work of remotely disassembling Russian refineries look kind of out of touch with geopolitics. Although I'm sure if you asked Ukraine to stop doing it they would tell you to fuck off and help end the war with Russia if you care about oil capacity so much.
LystAP@reddit
Yeah, I do too - because with all the news and talking heads screaming how it's a good thing for Russia to have oil prices go up - it's practically mandating that Ukraine hit those refineries. Something else to blame on a certain idiot that set the Middle East on fire.
But to be honest, it's also on the world for not learning anything and accelerating a shift to alternatives.
pocketgravel@reddit
Yeah we've had ample warning.... It just wasn't a crisis that happened within a fiscal quarter so everyone did nothing... "That's not my problem this quarter" lol. Lmao even.
LystAP@reddit
Right now wouldn't help them. It takes years to fully repair/build these - per the articles on the Arab infrastructure I mentioned earlier.
But stopping the conflict would stop things from getting worse/let repairs to get started.
pocketgravel@reddit
Jovan_Knight005@reddit
Those events aren't physically connected (in terms of where Russia and the Middle East/Western Asia are in geographical terms) but they're connected in consequences that the closure of the Strait of Hormuz is already causing.
Cmd_WillRiker@reddit (OP)
Yea, the recent developments in Russia are also going to add to this disruption. My guess is they will offset whatever gains would be made from opening the Strait right now seeing as it will be months before we are able to get back to 130 ships transiting the Strait each day.
Julio_Ointment@reddit
US leadership are absolute morons.
Koala_eiO@reddit
It's ok, 1/3 voted for it and 1/3 didn't give a fuck.
Julio_Ointment@reddit
i'm gonna keep trying. but i'm scared we're too stupid to make it out of this. even to just get back to two capitalist parties.
Jovan_Knight005@reddit
The current United States administration is an administration of psychopaths and maniacs, that's putting it lightly.
Not that previous American administrations were much better in that regard, though.
SweetAlyssumm@reddit
Burning oil leads to climate change. I'm not so sure that in the long run this "crisis" is a bad thing. Maybe we'll learn to stop wasting the finite resources of the Earth. Maybe we'll find alternative sources of energy and just use them for what is important. Maybe we'll stop consuming so much. Maybe this is just a bellwether of the planetary limits we inevitably have to face up to.
Lailokos@reddit
Think termination shock. This much oil not being burned is going to lead to how much additional warming? At the same time as the world's largest el nino event? Going off oil might be good, but the timing and lack of planning are going to murder us.
CorvidCorbeau@reddit
Napkin math, but if I take this forecast as my starting point, and assume 3% sulphur content, then those 700,000 barrels/day (roughly 35 million tons of oil over a full year) would mean not emitting \~2.1 million tons of SO2. That's a \~2-4% reduction in global SO2 emissions.
The 2020 shipping regulations resulted in a \~10% drop in SO2 emissions, which apparently resulted in an extra 0.079W/m2 of radiative forcing. This crisis should then add something along the lines of 0.03-0.04W/m2 globally,
But that earlier phaseout is in effect too, just like that one, this too will have impacts lasting many decades, with increasingly smaller annual increments.
Lailokos@reddit
Yeah I think this is generally right, and however big the full 'unmasking' of SO2 turns out to be, death by a thousand cuts always upwards is exactly what we're facing. And a bit worse, this will have a concentration of cancelled flights/contrails + unmasking right over the MENA region. So they're going to get a much more localized effect too.
Staubsaugerbeutel@reddit
I would be careful to compare aviation emissions vs ship bunker fuels. afaik the direct/non CO² effects of aviation are also warming, so a drop in aviation could actually lead to cooling.
example from covid air traffic reduction:
https://pmc.ncbi.nlm.nih.gov/articles/PMC8250229/?utm_source=chatgpt.com
Lailokos@reddit
I've seen estimates all over the place, from varied mechanisms. Trapping heat at night, reflecting during the day but only at certain altitudes, depending on burn and local conditions. Lots of chaotic interactions. MENA region is already warming a lot faster than most regions though, and I expect their sensitivity changes equations. I have no proof of it, but even cloud instability seems fiercer there - so I worry at any disruption or change.
CorvidCorbeau@reddit
Yeah just like the shipping regulations, which pretty much only cooked the North Atlantic, this won't be equally distributed wither. Tough times ahead for lots of people.
showmethemundy@reddit
Expensive lesson. How many billions die? Fuel. Heat. Shelter. Food. Water. Medicine. All derived from oil.
OkayMeowSnozzberries@reddit
Do you even collapse, bro?
ToastedandTripping@reddit
Again, we've been given many chances to get off this ride and yet the powers to be continue to force us down it.
Unfortunately something this catastrophic, is what it's going to get people to wake up...and even then I'm not sure.
SweetAlyssumm@reddit
The limits are the limits. It may be an expensive "lesson" but it's an inevitable one. It's unlikely that we'll respond with intelligence by reducing consumption, etc. but ti's theoretically possible.
ansibleloop@reddit
Oh it's even more ironic
The faster we stop burning fossil fuels the faster we warm
SweetAlyssumm@reddit
Many thanks for the award!
fore123@reddit
In the last 24hrs only 3 ships crossed Hormuz.
Strait of Hormuz Live Tracker — Real-Time Shipping & Oil Crisis Monitor
We are still far from resolution. Worse case: all out missile strikes from Iran destroying all the water desalination plants and refineries in the gulf. Considering the leadership in America and Israel, this scenario is likely to happen.
Koala_eiO@reddit
That's really cheap.
filmguy36@reddit
The irony of all of this is: this might be the final impetus to get off oil and start expanding alt fuels and alt energy sources worldwide wide.
Or nations will resort to wood and coal burning more which will lead to further deforestation and continued CO2 being pumped into the air
Humans by nature always take the easy route, so it’ll be wood and coal😔
Drogo_44@reddit
Millions of lives are subsidised by oil. The human population doesn’t get to 8billion lives without it. There’s hundreds of products that come from the petroleum chain. Our civilisation is built around it.
I want green energy as much as the next man but we should’ve started the transition 50years ago.
The powerful suits didn’t wanna hear it though and now it will take a well.. collapse level event to get us in the direction we need to head. Profit from the petroleum industry was something they refused to walk away from.
The trains left the station and now its on fire and heading for the end of the railway that careens into the gorge below…
…and we’re all on it.
DreadPirateReddas@reddit
The thing is, the collapse level event likely would've happened regardless. Oil is non-renewable, and the peak in production was already predicted to happen by 2030 anyway.
NMVPCP@reddit
I’d say it’s the former. One of the positive aspects of COVID, was how European governments provided massive benefits on renewables. Many countries e.g. Portugal and Spain, had a super large boost on solar, due to the government subsidising households that adopted them. They’re now better prepared for this oil shock than other countries, because they don’t use oil for the generation of electricity, nor coal (certainly not Portugal).
filmguy36@reddit
That’s because Europe has a clue
PowerandSignal@reddit
Derp Fuhrer Trump is spending $2 Billion of taxpayer money to pay companies building wind power projects to STOP, and not build any more. So there's that 🤷🏼♂️
grahamulax@reddit
And man made! Specifically one man!
Kamikaze-X@reddit
Correction...
yet
specialsymbol@reddit
I don't know - have you heard about the potato blight in Ireland..
Cmd_WillRiker@reddit (OP)
Did you know the population in Ireland has still not gone above pre-blight levels?
specialsymbol@reddit
Yes. I read the Wikipedia article before posting this
turinpt@reddit
Its so depressing that the ones responsible, the American people, will be the ones who suffer the least.
hoffman44@reddit
Thanks, Epstein Class.👹
graverubber@reddit
For someone living in The United States, what is a good strategy to prepare?
Distinct-Working-143@reddit
If you own a house, please buy a solar energy storage system. If you have more spare money, it would be best to purchase a suitable electric vehicle through Mexico or other channels.
Cmd_WillRiker@reddit (OP)
I'm not really sure, but an educated guess:
Invest in oil companies like CQN, maybe
Buy good food staples that are shelf stable like rice or peanut butter, or household items like toilet paper or toothpaste
Figure out what would happen if you had to ration gas and start saving money for future gas prices, I've been pretending the price is $7 a gallon and my car holds 14 gallons, so $84, then taxes so basically $100 for a tank of gas. How long does that last me? etc.
No need to go full doomsday prepper, and unfortunately much of the fallout I feel we can't prepare for.
Fox_Kurama@reddit
Legitimate question. How much of this can be at least partly mitigated by tanker owners getting off their asses and sailing around Africa instead of sitting around not delivering stuff?
Yes it would be more expensive, inefficient, and take longer. But unlike WW2, the Iran situation is pretty local. Local in a VERY important place of course, but Iran doesn't really have threatening leverage over sea traffic with a fleet of U-boats or anything like that.
Choosing to sail a different route will not magically let damaged facilities start working again of course, so there is still THAT disruption and resulting crisis. But at the very least there seems like a non-optimal alternative to the route that the tankers who CAN load up on oil can take.
Cmd_WillRiker@reddit (OP)
The Persian Gulf is trapped by the Strait of Hormuz. Only way in, only way out. If you mean diverting course away from the Suez Canal, many ships do this already as the Suez is old and outdated piece of architecture.
https://www.marinetraffic.com/en/ais/home/centerx:54.6/centery:1.9/zoom:4
pants6000@reddit
The oil apocalypse that the world is so deserving of! It's going to suck for a lot of people, but you know, if we can't taper off the junk willingly then it's either cold turkey and deal with it, or it kills us all.
Looking forward to the period between the roads clearing out and the Mad Max age, bike riding will be really good for a while again.
Paddy32@reddit
Trump should be charged for crimes against humanity
jmnugent@reddit
The stock market doesn't really track logically with the economy. The stock market is basically "future speculation". When you invest in a company, you're basically saying "I'll put my money here because I think this company has a potentially bright future". (which is why they always say "Past performance is not indicative of future results". )
Also,. large percentage of the stock market right now is AI and tech companies. The entire stock market is kind of lopsided and uneven. In order to be healthy, it needs to be much more diversely spread.
Also true of the jobs-market.. We've added some jobs in recent quarters,. but it was isolated to narrow niches (Medical, etc) .. which again, is not very broad or diverse.
The problem we have in society right now (and especially reflected in the stock market) is a "all I care about is getting mine" sort of mentality. (is why prediction markets like Kalshi or Polymarket and crypto are so popular, because people are allured by the "gambling I just need 1 lucky break and once I win "F U money", I can tell everyone else to F off")
People seem to have forgotten the fact that "everything is interconnected" and that we have to take care of other people. They're going to get a harsh dose of that if all of the various recession, depression predictions are correct and people have to start leaning on their neighbors for supplies,. those neighbors are going to remember those who didn't help them before.
markodochartaigh1@reddit
Also. Until 1982 it was illegal for companies to buy back their own stock because it was considered market manipulation. C-suite executives are often paid in stock. This payment is taxed at a much lower rate. The price of a stock goes up when a company buys back shares. There is a huge personal incentive to use a company's earnings to buy back stock. Of course a company's earnings used to buy back stock is not available to develope new products, expand the workforce, etc. Stock buybacks do support the stock market however.
PowerandSignal@reddit
Hmmmm... Not sure how to put this, but I'm beginning to think that maybe, maybe, Trump made a little bit of an oopsie here.
markodochartaigh1@reddit
The best. The biggest. Some might say "an oopsie like no other".
Maybe his suck the pants (sycophants) (pscho fans) will build a Great Golden Monument to his oopsie.
KTH3000@reddit
Inconceivable
AlphaState@reddit
My theory on the stock market:
By "stock market" people generally mean "the USA stock markets". the USA is currently self-sufficient as far as oil goes. Their consumers will still suffer under oil price rises, but their corporations will increase profits. And, they are still in the grip of the AI bubble, so the "stock market" is full steam ahead until reality catches up.
markodochartaigh1@reddit
Speaking of the US stock market. Until 1982 it was illegal for companies to buy back their own stock because it was considered market manipulation. C-suite executives are often paid in stock. This payment is taxed at a much lower rate. The price of a stock goes up when a company buys back shares. There is a huge personal incentive to use a company's earnings to buy back stock. Of course a company's earnings used to buy back stock is not available to develope new products, expand the workforce, etc. Stock buybacks do support the stock market however.
Cmd_WillRiker@reddit (OP)
When you refer to US's "oil self-sufficiency" it really only matters if we are talking about banning oil exports to stop us from having to ration. If we are at that point, it's a new global great depression.
No_Foundation16@reddit
Thanks Trump!!!
schrod@reddit
We have a president who causes the largest resource crisis in living memory and is still acting alone, without congressional approval, without constitutional backing with hundreds of bipartisan neurologists adamant he is suffering neurological decline.
markodochartaigh1@reddit
And one third of the electorate either still supports him or is willing to go along as long as it keeps them in power. Fortunately a lot of the third who really don't care as long as they get their hamberders and sportsball are starting to wake up as their hamberders and sportsball become unaffordable. Of course many of them won't understand what is happening since they are so incurious. Hopefully they can be educated quickly.
pocketgravel@reddit
I still think most of his neurological decline is a disease called "insider trading compulsion"
FeralHippie707@reddit
Congress apparently approves. If they wanted to stop it, they could impeach him and the rest of his administration. Allowing this to go on is a sign of approval.
schrod@reddit
Allowing this is cowardice and complicity.
nickiter@reddit
Kyla Scanlon makes an argument in the NYT about this; her claim is basically that people are betting on two options - 1, things keep going up forever, or 2, there's a crash and a bailout. I find this pretty credible.
https://www.nytimes.com/2026/04/18/opinion/wall-street-markets-iran-ai.html
knucklepoetry@reddit
It’s the best guys. When falling from stairs, it’s better to hit hard the first one, not the whole lot at the ground.
lowrads@reddit
When oil pipelines in Canada, Russia, or other cold regions shut down, the waxes start to gel up, requiring major overhaul to get them operational again. In warm regions, it's a similar thing, as phase separation starts to occur. Comparable restoration processes are needed to recover functionality, as solids precipitate, corrosive liquids coalesce, and unvented gases start stressing seals.
Cmd_WillRiker@reddit (OP)
Yea the EIA has raised this issue, and I am sure oil industries are acutely aware of it.
PsudoGravity@reddit
Fuel prices are 10c cheaper than they were a week after it started. I want to know when something is going to happen, or if anything can even happen anymore.
Cmd_WillRiker@reddit (OP)
I gave you a timeline at the end of my post:
Here's the timeline:
Mass Inventory Draw downs, the highest in history - May to June
Actual Oil Shortages begin. Oil goes to $150 minimum. Countries in Asia ration harder. Other countries to follow - Mid-June
US Gas prices go beyond $5 a gallon. California may ration gas and see $10 a gallon. Products that rely on oil to be made have supply shock - Start of July
August - too far away to predict.
bigtakeoff@reddit
that thing in the late 70s seems much more impactful boss
-sussy-wussy-@reddit
We've more than doubled our population since. Companies don't produce and pollute, sell oil and goods for fun, they do it to provide for the existing population.
PowerandSignal@reddit
Time to put your thinking cap on, if you remember where you left it.
Cmd_WillRiker@reddit (OP)
This event is bigger in scale and scope.
25TiMp@reddit
People in the developing world are going to starve. This is going to be much worse than you can imagine, if Trump does not end it pronto.
KTH3000@reddit
Unless it somehow impacts his dinner plate at mar a lago he will not care one bit.
Jovan_Knight005@reddit
After the developing world countries (which my country is a part of as a second world country), third world countries will be next.
HomoExtinctisus@reddit
Like those first dark days for reindeer of St. Matthew island.
senecant@reddit
I'm curious to hear others' vision of the near future. I'm traveling internationally right now. I'm in India for the next month or two, then planning to head to Southeast Asia. At what point would you consider bailing out and heading back to North America? I'm going to start booking rolling, cancellable flights home. Then cancel if I don't need them. But if the airlines are just cancelling flights due to unavailability of jet fuel, maybe that won't matter so much.
Thoughts?
norfolkgarden@reddit
We are/were planning our "autumn" trip to Istanbul, Turkey this year. Haven't bought anything at all yet. Still just continuing to research cool places to visit.
Might be a bad time to travel next fall. Especially to some place that is not as privileged as we are fortunate enough to be. Especially from a US citizen. "We" (our orange clown) are the ones causing the problems.
vismundcygnus34@reddit
For. Nothing.
Wolfrages@reddit
It the most "So Far" :)
LatzeH@reddit
!remindme 14 days
RemindMeBot@reddit
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CLICK THIS LINK to send a PM to also be reminded and to reduce spam.
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nordic86@reddit
Are you 5 years old?
Cmd_WillRiker@reddit (OP)
No.
Ragfell@reddit
All of this to distract people from the Epstein files.
dragonslayer137@reddit
Nah in 1998 the world ran out of Cannabis. True story.
chimpaman@reddit
From the IEA report you linked, one teeny tiny silver lining:
Switch off billboard lighting at 9pm (Sri Lanka)
AlphaState@reddit
It's like we're breaking out paddles on the Titanic.
Cmd_WillRiker@reddit (OP)
Its like in Endgame where Cap tells Widow he saw whales in the Hudson.
Dfiggsmeister@reddit
Famine, wars, pestilence and death. Looks like we are headed towards the apocalypse!
But in all seriousness, this will impact more than just gasoline prices. Food shortages are soon to hit because of how oil is used in fertilizer. On top of it, it’s going to hit other supply chains, such as medicine, other consumer goods, household goods, etc. Another added layer will be plastics unless a new type of plastic is created.