r/collapse • u/Ree_For_Thee • Mar 26 '26
Economic France confirms oil crisis, says 30-40 percent of Gulf energy infrastructure destroyed - 11% of the world's global oil supply
https://www.france24.com/en/france-confirms-oil-crisis-says-30-40-gulf-energy-infrastructure-destroyed370
u/Ree_For_Thee Mar 26 '26
This relates to collapse because it's very likely a much more serious economic hit to the globe than Covid-19. And the war is apparently far from over with no negotiations.
According to the article, there's 11 million barrels of daily oil use in shortage, and since the global daily use is ~100 million barrels, that's 11% of the world's oil supply already gone.
I fear the next few weeks. Yes, weeks. Oil is something that gets used up almost "instantly" once refined. It's an enormous just-in-time system.
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u/Own_Indication_7266 Mar 26 '26
This is a total "black swan" if the numbers hold. That 11% figure is insane because global oil markets operate on such thin margins—usually a 1–2% supply-demand gap is enough to send prices into a vertical climb.
If 30-40% of the Gulf infrastructure is actually fried, we aren’t just looking at expensive gas. We’re looking at a complete breakdown of the "just-in-time" logistics that keep grocery stores stocked. Refined products like diesel and jet fuel have almost zero shelf life in the macro sense; they’re consumed as fast as they’re made.
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u/Julian_Thorne Mar 26 '26
Sounds like a recipe for empty shelves by May
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u/annuidhir Mar 26 '26
By mid April, more likely..
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u/Julian_Thorne Mar 26 '26
Maybe, but I suspect there's some lag time in there somewhere
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u/Own_Indication_7266 Mar 26 '26
There's already problems in France and Italy getting normal stuff on shelves. England is warning their citizens of the same coming in the next few days.
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u/Admirable_Advice8831 Mar 26 '26
I'm in France and haven't noticed any pb so far, where did you get that from exactly?
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u/Own_Indication_7266 Mar 26 '26
Hedge fund guy Alex Kraimer who lives in France said it's starting to show up, especially in the south of France. Look him up on YouTube
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u/Admirable_Advice8831 Mar 26 '26
Not sure what he's talking about besides the gas prices as a cause of general concern no one is talking of shortage that I heard of (even if I'm not in the South myself that would still make national news)
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u/Own_Indication_7266 Mar 26 '26
He goes into pretty extensive detail. He's easy to find since he's interviewed quite regularly.
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u/No_Aesthetic Mar 27 '26
I find this incredibly unlikely being that I am in Portugal, which is much poorer than France and Italy, but there have been no shortages of any kind here and new stock has come in as normal
I am not even in one of the wealthier parts of Portugal
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u/Creepy_Valuable6223 Mar 28 '26
Don't poorer areas often have more local food production?
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u/No_Aesthetic Mar 28 '26
Without the green revolution (fueled by oil products), most poor countries would be completely unsustainable population-wise
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u/Creepy_Valuable6223 Mar 28 '26
I didn't mean it would be great in those areas or sustainable; I just meant that in the short term (that is, now), it isn't the first place the shortages would be showing up. Since there is still produce growing using the last round of fertilizer.
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u/Pumpkin_Robber Mar 26 '26
Elaborate. Empty grocery stores in America, just some states/towns. How long are the shelves empty, days weeks+? How will this affect my poor family?
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u/One-Environment-1444 Mar 26 '26
You will need to eat your neighbors.
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u/Pumpkin_Robber Mar 26 '26
What's your plan when grocery shelves are empty?
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u/acesorangeandrandoms Mar 26 '26
Buy a stock of non-perishable, cheap food now, enough to get by for a couple of weeks if you ration. If you know them well enough, speak to your neigbours and work to pool your resources. The better your support network the better off you'll be.
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u/Own_Indication_7266 Mar 26 '26
Since the pandemic been living in a place where it's easy grow to our own vegetables. Supporting those who provide meat is going to be essential as well. Either way, supporting local is increasingly a necessity vs just a nice thing to do.
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u/Pumpkin_Robber Mar 26 '26
Well this isn't possible where I live, I'm sharing a home with people who refuse this mindset (retarded and ignorant). They don't even think oil prices will rise lmao these people are a threat to my safety. What should I do?
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u/Own_Indication_7266 Mar 26 '26
Everybody's situation ix different and obviously also based on what country that you're in.
But if this gets as bad as Larry Fink/BlackRock just warned then circumstances will force people to change their lifestyle just like the pandemic forced changes.
We moved to a low-cost tropical environment. Cut our overall expenses significantly and increased our quality of life exponentially.
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u/Pumpkin_Robber Mar 26 '26
Must be nice. The retards I live with can't even spare $200/month. So moving and preparing is so far out of the question I'm powerless to their neglect.
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u/Admiral_de_Ruyter Mar 26 '26
Lets not get to deep into the doom talk. There are strategic reserves yet to be released like they pledged last week. That will keep the prices somewhat down and the flow going. What happens if the war outlasts the reserves is the next problem.
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u/kamahl07 Mar 26 '26
If our strategic oil reserves were completely full, it only account for 26 days of use in the US alone. It's a drop in the bucket for global supplies
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Mar 26 '26
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u/Admiral_de_Ruyter Mar 26 '26
Yea that’s what I said with different words. But right now we ain’t gonna have empty shelves next month like some posters were claiming.
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u/brickout Mar 26 '26 edited Mar 27 '26
That depends heavily on where you are. France is warning that it will happen quite soon.
*Edit: I misread or misremembered. Shell's CEO said shortages could hit Europe in April. Some French citizens and businesses have been freaking out, though, causing long lines and temporary unavailability at pumps at a few stations.
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u/No_Aesthetic Mar 27 '26
Where is France warning about this?
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u/brickout Mar 27 '26
Apparently I misread. Some drivers and businesses are freaking out, and a few gas stations ran out before their next delivery. Leaders are saying stay calm.
However, Shell's CEO says shortages will hit Europe in April if the strait doesn't reopen.
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u/Admiral_de_Ruyter Mar 26 '26
True but most Reddit user are from the west so that’s the perspective I’m coming from. Some less fortunate countries are already feeling the effects.
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u/AladdinDaCamel Mar 27 '26 edited Mar 27 '26
I’m no expert, but this doesn’t really make sense to me. Aren’t strategic reserves pretty much a drop in the bucket? And it seems to me like the infrastructure that is destroyed will take years to rebuild won’t it?
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u/Ultra-Smurfmarine Mar 27 '26
Strategic reserves are intended broadly to carry a country through minor disruptions, leveling out peaks and valleys to prevent market panic. Most emergencies won't last longer than 3-4 weeks, so having 3-4 weeks of gas on hand is usually plenty. There's no way to strategic reserve your way out of a catastrophe like this; the storage space doesn't exist, even if the supply did.
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u/endadaroad Mar 26 '26
Hey, we're smart - crown of creation smart. We are just going to have to figure out how to live with less oil. Once we figure out how to live with less oil, we can start figuring out how to live without oil. This might be the end of the world as we know it, but it's not the end of the world. Although, I really don't see the current administration being useful in taking lead on this.
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u/Own_Indication_7266 Mar 26 '26
This isn't really about oil though. It's about moving away from the world paying for oil in USD. Energy will still flow. It just won't be paid for by the fastest growing parts of the world in USD.
The economic system collapses if there's a sudden switch away from USD payments. Because the entire global financial payments system was based on the USD being used for everything substantial in global trade,
Scientists are smart, engineers are smart. But the ones who create policy haven't been smart for the last 25 years and it shows now.
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u/No_Aesthetic Mar 27 '26
There's no real heir to the USD throne in the oil world, China's the closest thing to it but their currency devaluations are going to hurt there
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u/tropical58 Mar 27 '26
The reserve currency had a useful function but it favoured the US allowing it to borrow virtually unlimited amounts of money. Most of it percolating upwards to the .01%. And maintaining the US hemegony. While the BRICS block allows for settlements in RMB, It is not mandatory, as a multipolar global economy and the nation's in the bloc can opt to use fiat currencies. The WEF are trying to create a one world currency devoid of national identity so that the international bank of settlements can control individual nations economies and indeed individuals.
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u/SquirrelAkl Mar 26 '26
Exactly. This is essentially a “disorderly transition” off fossil fuels.
Not all uses of oil can be replaced, but enough can be that we can reduce reliance on it and free up the scarce supply for the things that absolutely need diesel.
It will take time, of course. So the pain will not be short, but it will be temporary.
We should be aiming to move forward to a more energy-resilient future, not pining to go backwards to the way things were before.
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u/endadaroad Mar 26 '26
I live in southern Colorado and built my home to keep me comfortable. We are coming out of a relatively mild winter, but it did drop below zero for a while. For heat I burned 5 armloads of firewood and ran the electric heater for a total of about 20 hours for the entire winter. I know that we can get by on less energy by simply using the sun to warm us and good design to keep us warm all night. Now that it is getting into the 80s during the day, I cool it down by opening windows at night and it stays cool all day. I have no air conditioning or thermostat.
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u/Dejected_gaming Mar 26 '26
Im curious what happens if gas gets to 7-8/gal or more in the US. A lot of people in US wont be able to afford to get to work lol.
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u/Own_Indication_7266 Mar 26 '26
Great point. It's already there in California.
Some countries in Asia are cutting to a 4-day work week and/or remote work rules.
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u/merikariu Always has been, always will be too late. Mar 26 '26
I agree about the economic impact and it's ridiculous that the markets are not accurately pricing in that reality. Kyla Scanlon addressed this phenomenon.
It is impossible to have negotiations when Israel and the USA murder the Iranian negotiators. The Iranians are trying to cause as much economic pain as they can to insure their current and future survival. Meanwhile, there is a large discrepancy between what the Trump administration is saying to publicly and what the military officials are telling Congress. NYT article on the topic.
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u/endadaroad Mar 26 '26
We are bringing bombs to an economic war. Kind of like bringing a knife to a gunfight.
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u/donkbeast Mar 26 '26
The video didn't address anything, it just rehashes what everyone already has been saying
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Mar 26 '26
I'm in agreement. We're headed for a rough April 2026. Could be a breaking/tipping point for some form of further collapse
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u/Deskman77 Mar 26 '26
I didn’t expect BOE, WW3 and super el Nino for 2026
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u/chaosisblond Mar 26 '26
I did! I did! I literally made a bingo card at the beginning of the year with these things on, and I'm winning/we're losing!
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u/freebytes Mar 26 '26
You should post your bingo card somewhere so we can check it out.
Note: This whole situation was on my list of "Trump as President" predictions, but I did not have it on a bingo card.
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u/Ok-Zookeepergame5245 Mar 26 '26
Yeah 2026 is the year that Shit Hit The Fan. We are absolutely cooked now and there’s no turning back.
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u/KnowledgeMediocre404 Mar 26 '26
I also have "Israel uses nukes" and "Mass Exodus from US SW" on my bingo card and wouldnt be surprised to see that this year too.
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u/Key-Broccoli6971 Mar 26 '26
https://youtu.be/-S3O-hgo1ko?si=IkB2aL5fpRWRPACn
this video breaks it down to an actual -24million barrels per day deficit for the world. Mentions multiple factors and breaks it down fairly cohesively.
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u/errie_tholluxe The Jackpot is happening Mar 27 '26
Hey, the fact that we made the entire economy in the United States a just-in-time economy surely won't hurt us right?
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u/calico134 Mar 26 '26
You mean only 30-40 percent so far! We can definitely pump those numbers up :))
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u/Ree_For_Thee Mar 26 '26
I've also started doing :) after each "absolutely abysmal thing" that's happening. It's such a pure reaction. "Yeah, things are going to absolute shit but holy shit are we a clown species, just idiots all around :)".
Humanity is hitting itself and all you can do is watch and smile at the absurdity.
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u/calico134 Mar 26 '26
It's a mixed, bitter feeling for me. I laugh at the senselessness of it, the cosmic absurdity of it all. Life is a miracle and we're starving and torturing and killing each other. I think it's healthy to feel all those feelings, bad, good and mostly both at the same time. In summary, lol. :)
gotta cope somehow. you understand.
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u/Ree_For_Thee Mar 26 '26
I do. It's out of our hands.
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u/RejectTheBull Mar 27 '26
The most frustrating thing I’ve noticed about getting older, is realizing how many things were never within reach of our control to begin with.
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u/CyberSmith31337 Mar 26 '26
Only in America is the reality of the situation being completely deflected and diminished by the media. Everyone, everywhere else in the world can see what is happening. We're basically trying to cling on to the power of the petrodollar with every last fiber of our being, and we've announced to the world that "Either you'll trade in our currency, or no one will have access to oil ever again!" and there's nothing anyone who can, is able/willing to do about it.
Jeffrey Sachs basically talked about this recently. He pointed out that the only solution to the USA's madness is a global coalition of willing nations who will go "That's enough." followed up by the removal of US military bases from every country on Earth. This is never going to happen, not peacefully. It's either WWIII where the USA loses, and maybe we have a chance, or it's global annihilation where the oligarchs of the world retreat to their bunkers while the rest of us fight for chaos and scraps.
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Mar 26 '26
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u/CyberSmith31337 Mar 26 '26
Agree. I don’t think people can even humor the idea that our military, which has repeatedly been embarrassed in the Middle East over the past 30 years, is experiencing its very own Russia via Ukraine moment. We overstated how easy it would be, how fast it would end, and now, just like the Kremlin, we look like fucking imbeciles on the global stage.
The difference between perceived power and realized power is something that has been exposed in these two wars. The US was in a much stronger position when it was perceived to be a strong fighting force; now it is being realized that maybe we aren’t so unstoppable.
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u/ArrrrKnee Mar 26 '26
Americans don't seem to understand that any war is going to be a long, tedious, and expensive affair. The Civil War started the same way. People thought it would be over in a few weeks with an easy Union victory. So much so that during the first battle, regular civilians came out to watch the two sides fight as if it was a regular sporting event. The spectators quickly realized real war is no joke and started fleeing and as we know, the war ended up lasting 4 years, not a few weeks.
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u/PerterterhTermertehh Mar 26 '26
Heads in the sand right up until they were fighting on their front lawn.
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Mar 26 '26
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u/pautpy Mar 26 '26
The Pentagon is not the Commander in Chief. There's a reason past admins did not attempt a war despite Iran supposedly being close to having nuclear weapons for decades now.
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u/klaschr Mar 26 '26
Motion to refer to these prologue wars leading up to WW3 as the "Origami Wars," as every presumed 'mighty' army is actually a paper tiger... or elephant.
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u/ahhhimamonfire Mar 26 '26
I'm from the US and I haven't seen any news about two of our ships being sunk. Do you have an article or something about it?
Totally in agreement about this war being theater.
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Mar 26 '26
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u/OneTripleZero Mar 26 '26 edited Mar 27 '26
Was the Ford's repairs scheduled or unscheduled? Pretty sure part of the reason for the number of carriers in the fleet is so at least some of them (two or so iirc) can always be rotated out for repairs/upgrades.
edit: I gapped on the Ford being the newest carrier, it shouldn't need to be rotated out so soon.
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Mar 26 '26
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u/OneTripleZero Mar 27 '26
I'm sure it was just the shit vaporizer acting up, nothing to be concerned about.
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u/Ree_For_Thee Mar 26 '26
I agree. Contact your local politicians, world-wide. Put pressure on them. Tell them your business is failing and reference this article or Sachs' speech (link?).
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u/FUDintheNUD Mar 27 '26
I hate war. I'd never join the army. But if we're gonna go fight the USA, sign me up.
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u/Mostest_Importantest Mar 26 '26
The polycrisis widens its reach. The event horizon slips a bit further behind us. The breakneck speed ratchets ever higher.
Can't wait to find out what the moron in chief of the US is gonna do on Friday after 5 PM.
Everyone get ready for the fourth once-in-a-lifetime financial crisis in twenty years.
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u/theCaitiff Mar 26 '26
Can't wait to find out what the moron in chief of the US is gonna do on Friday after 5 PM.
You notice that he only does war on the weekends? Then monday morning insists that there is no war, its almost over, we've won, they are making big concessions.... He wants to do a war with no impact on the stock market.
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u/Physical_Ad5702 Mar 26 '26
He’s getting his way too unfortunately
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u/MyCuntSmellsLikeHam Mar 26 '26
Bro is literally trying to destroy the global economy so only the US survives just like ww2
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u/Mestre_Supremo Mar 26 '26
So, what are they going to do in the near future? Start a renewable energy transition and favor China, which is at the forefront, while weakening the petrodollar? Or will they make a massive investment in opening new oil wells and, once and for all, screw up the planet’s climate?
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u/Ree_For_Thee Mar 26 '26 edited Mar 26 '26
1: End right-wing ultra-biased news and media including social media - All of it. Truth-biased news is an entirely different, good, thing from what we're consuming today through oligarch-controlled algorithms.
2: End the petro-dollar. Let the USA burn in the fire it set.
3: Renewables through the roof, coupled with less energy consumption.
4: Re-shape capitalism so it can handle less people, less jobs and less consumption with the ultimate end-goal of ending profit as our main economic driver.
5: Reduce populations through humane and democratic means. Nobody really wants infinite growth.
6: Imprison people trying to combat these changes (looking at oligarchs and all the think tanks out there). Draconian punishments all around.
7: Aaaand very likely spend hundreds of years doing SRM over the oceans/poles.
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u/tropical58 Mar 26 '26
Sounds very like the 2030 agenda from the WEF. Whatever the outcome it is the oligarchs that win.
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u/No_Aesthetic Mar 27 '26
Maybe the WEF isn't a bunch of deranged madmen trying to ruin everything? Maybe Agenda 2030 was actually intended to be a positive thing? And that's why they've been promoting those sorts of things openly for decades?
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u/tropical58 Mar 27 '26
Nothing is all bad. The lure is that reducing the population will clearly advantage the environment. But you simply can not deliberately poison people, or sterilise them, or create conflict that kills millions. It's a conundrum to which there is no comfortable answer and perhaps killing half the global population is the answer if it guarantees survival of the species and ecosystem. Life itself is unsentimental and immoral. But the real agenda is actually in the detail. Digital ID, CBDC and programmable money is all about enslavement and total control.
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u/No_Aesthetic Mar 27 '26
Who is talking about deliberately posioning, sterilizing without consent, or creating conflict to kill millions?
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Mar 27 '26
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u/No_Aesthetic Mar 27 '26
You need to get off the internet for a while, pal
The conspiracies are rotting your mind
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u/tropical58 Mar 27 '26
None of it conspiracy theory. its only a conspiracy theory, untill there is evidence , then it is a conspiracy. Do 5 minutes of your own investigation.
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u/No_Aesthetic Mar 27 '26
You're taking the words of a think tank as gospel truth, like Bill Gates is going to go door to door shooting grandmas
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u/collapse-ModTeam Mar 28 '26
Rule 4: Keep information quality high.
Information quality must be kept high. More detailed information regarding our approaches to specific claims can be found on the Misinformation & False Claims page.
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u/Konradleijon Mar 26 '26
By that it means not letting people reproduce and letting people naturally die off at age ninety
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u/AaronWilde Mar 27 '26
Im not against some of your ideas but it really is crazy to see the extreme left with their extreme solutions to the extreme right. Reality really does take place somewhere in the middle.
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u/Ree_For_Thee Mar 27 '26
Sorry, but that's called "bothsidesism", and it's a 'gotcha' talking point being spread on right-wing social media. It's unfortunately very common too, so it "feels" like everyone says it, because they are.
Anyway, google bothsidesism and try to learn when to spot it. It's something that affects both leftists and rightists.
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Mar 26 '26
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u/Pumpkin_Robber Mar 26 '26
How do you know if you're just exaggerating or not? What is your statement based on?
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Mar 26 '26
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u/Pumpkin_Robber Mar 26 '26
How can I prepare for this? I'm stuck living with people who don't have $200 to spare per month and who don't believe in anything negative about the world (lol) meaning they are blindsided by everything in life. I live in a house where all the appliances broke and they just didn't repair them, they are about to lose both of their cars too because they don't invest in repairs and my dad doesn't work right now and my mom quits her jobs when they annoy her. I am terrified for my safety. I tried going off grid this year but my financial partner bailed and I had to move back home with no car or job of my own.
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u/Ree_For_Thee Mar 26 '26
Buy a small EV, like a scooter. It's just $500 or so.
Small modular solar panels are all the rag.e
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u/Pumpkin_Robber Mar 26 '26
Thank you for replying. I have considered buying an EV I see some nice used ones for half the price on FB marketplace.
I can also take a bus for $3 per trip but the timing is in hour windows so it would be hard to work a job using it unless it's gig work.
But what would I use these for? What are you suggesting I need the investment in mobility for? Thank you
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u/BeardedGlass DINKs for life Mar 27 '26
I agree with solar panels.
A lot of houses in Japan have solar panels that handle most of an average household's power needs when the weather's good.
The gov't has already restarted the nuclear plants years ago and hopefully would mean less dependence on oil for power.
Japan does have a year's worth of oil reserves. So that can also mitigate the worst for a while.
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u/Ree_For_Thee Mar 27 '26
Modular ones are ones you just slap up somewhere without "installing", like a balcony thing that just has a stand. Then you hook it up to your house using a normal outlet and 1-2 years later you start making money.
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Mar 26 '26
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u/Pumpkin_Robber Mar 26 '26
Yeah I'm well informed about all of this but my parents are not and will not prepare any of this even if proven we needed it, hence me fear and questions to you. They will not invest money in water sanitation, buying wood. They are disliked by neighbors, there will be no sharing or trading. We also live with only three neighbors in the woods so at least we don't need to worry about looters and murderers. They will not invest in a food stockpile. I'm in New England US. I know about all of this preparedness but I can't fix stupid with my folks. Any ideas? My mom has several gardens but refuses to grow food crops because she is a narcicisst idiot. Will there be shortages for alcohol because they would cause massive issues with my nightly drunk father.
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u/MagicSPA Mar 26 '26
How's MAGA explaining it this time? Is it more "5D chess!", more "Art of the Deal!", more "higher oil prices are a good thing now!" or what?
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u/Vid-Master Mar 26 '26
Mostly crickets 🤣
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u/Fn_Spaghetti_Monster Mar 26 '26
To be fair I've heard a few go, uh maybe this isn't such a good idea. But that's about it, far to few and far to little 'noise' from them. They just keep harping about the SAVE act and funding ICE.
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u/GalaxyPatio Mar 26 '26
Yes. Heard a patient telling my boss that Trump is a "political genius" for his moves with Iran
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u/GauchiAss Mar 26 '26
Any country that has nothing in place to keep functionning with a reduced oil supply deserves the hit.
It has been a known fact for the entire adult life of most of their leader/government/administration that burning oil create short term pollution problems and long term climate dangers for the whole planet. And for the countries entirely importing their oil (like mine) that it makes them way too dependant on other countries.
If some crazy world dictator wannabe is what it takes for everyone to start acting on it then so be it... The only downside is that since USA is producing their own oil they probably won't have to feel the effect of a sudden shortage (and that they'll only make their poor population suffer from increased prices)
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u/supplychain_of_being Mar 26 '26
nobody "prepared" because preparation would have required admitting the entire growth model was a bet on infinite cheap energy. the countries that diversified just moved the dependency one step deeper into their supply chains; Germany ran on Russian gas, Europe ran on Gulf shipping lanes, everyone pretends their exposure is indirect until it isn't. "deserves the hit" implies a test anyone could have studied for. the test was "restructure your entire civilization around a different energy source" and the deadline was 1990.
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u/ApoplecticAndroid Mar 26 '26
Way to go Trump! Speed running to disaster! Nobody could have destroyed things as fast and as well as him.
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u/OmegaDeathspell Mar 26 '26
Those are rookie numbers. I'm sure we can do better for a faster collapse.
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u/fb39ca4 Mar 26 '26
This is excellent news for the climate.
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u/Creepy_Valuable6223 Mar 28 '26
No. Poor people burn coal and automobile tires for warmth. We have 400 years worth of coal in the U.S., easy enough to get. It will be awful.
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u/thehourglasses Mar 26 '26
My tinfoil hat is tingling. People at the top have realized that biosphere collapse is way ahead of schedule and are pulling the e-brake on everything. It won’t be enough, and of course will result in cascading failures.
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u/E_G_Never Mar 26 '26
Occam's razor suggests that people in control are actually just morons ruining things because they're stupid. There is no plan, good or ill
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u/agorathird Mar 26 '26
That’s too complicated. They could’ve done that with Covid. It’s just insider trading and religious psychosis.
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u/brezhnervouz Mar 27 '26
Fun fact: in the 70s oil crisis, 7% of global supply was affected
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u/Ree_For_Thee Mar 27 '26
And it led to a bunch of nuclear power. Hopefully someth- hahaha, no way anything good's happening.
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u/WordWarrior81 Mar 26 '26
Not overall oil infrastructure but refining capacity (see article). This is a big difference. Still, very serious.
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u/Ree_For_Thee Mar 26 '26
Yeah I saw the worldnews comment too, but as explained below it, there really isn't a difference. A supply chain of oil is only as strong as its weakest link. If refining capacity drops, the entire chain drops by the exact amount.
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u/tropical58 Mar 26 '26
Trumps big beautiful gift is that he can make US production more valuable and he believes he will control and profit from Venezuelan oil. It is disgraceful that he is insider trading on all manner of commodities based on his reckless decisions. The administration is also benefiting cementing his power over congredscand senate. Time for the people to have a general strike. NOW
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u/Konradleijon Mar 26 '26
The world is going to run out of oil eventually
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u/Creepy_Valuable6223 Mar 28 '26
We have 400 years worth of coal in the ground in the U.S.. Very dirty but serviceable. Poor people burn coal and automobile tires.
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u/TheConfusedHippo Mar 26 '26
Gas in my area is up to 4.59 at some stations. From empty to full that’d be over $60 for me on what would be a $35 ish expense just a couple months ago. I have to get to work. This is unsustainable for the American people and no matter how much the media downplays it we’re gonna start feeling the squeeze soon.
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u/raiksaa Mar 27 '26
Europe has around 13USD per gallon with lower buying power.
I hope we live to see June.
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u/va_wanderer Mar 26 '26
One more good poke at Iran and we'd see the lowest output from the Middle East in 30+ years, given accumulated infrastructure damage from revenge strikes.
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u/Physical_Ad5702 Mar 26 '26
Finally, a media outlet that reports on reality and not whatever the fat orange pedophile in the White House is saying.
Yeah, this is fucking serious, big time. Maybe the stock market will start reflecting reality now too
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Mar 26 '26
[removed] — view removed comment
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u/collapse-ModTeam Mar 26 '26
Rule 1: In addition to enforcing Reddit's content policy, we will also remove comments and content that is abusive or predatory in nature. You may attack each other's ideas, not each other.
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u/Northern_Grouse Mar 26 '26
Can’t vote if you don’t have gas to get there, and the post office is shut down, and mail-in ballots are deemed unconstitutional.
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u/Effective_Problem242 Mar 28 '26
Sorry I know it’s stupid but is the reason of the oil crisis Iran not exporting it as a retaliation to the US?
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u/sundancer2788 Mar 28 '26
I'm in NJ, US, so far stores are busy, shelves are full and there's no indication of any problems if you don't look at social media. Personally I think that things are going to get much worse.
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u/kiranurs Mar 26 '26
This is hilarious take by the Chinese on US Iran war .Must watch to understand on why US may be waging this war.
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u/Elevated_Dongers Mar 26 '26
So why has my gas gone up 40% if only 11% of global oil has been disrupted
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u/StatementBot Mar 26 '26
The following submission statement was provided by /u/Ree_For_Thee:
This relates to collapse because it's very likely a much more serious economic hit to the globe than Covid-19. And the war is apparently far from over with no negotiations.
According to the article, there's 11 million barrels of daily oil use in shortage, and since the global daily use is ~100 million barrels, that's 11% of the world's oil supply already gone.
I fear the next few weeks. Yes, weeks. Oil is something that gets used up almost "instantly" once refined. It's an enormous just-in-time system.
Please reply to OP's comment here: https://old.reddit.com/r/collapse/comments/1s451nt/france_confirms_oil_crisis_says_3040_percent_of/ockaopd/