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In reply to the discussion: "EIGHT WEEKS TO EMPTY SHELVES. SIXTY DAYS TO FAMINE." EVERYBODY INSULT THE OP! [View all]Melon
(1,621 posts)31. I agree. Getting away from peak oil is good. But we aren't running out during this mess.
Asia is having issues. South Korea is having a major issue. In that way it does affect California, because they were buying a lot from these areas of Asia. But US overall is in fairly good shape at the base oil level. We are exporting more products due to overseas shortages. Go to Bloomberg/ energy and monitor oil futures. That will give some understanding of how gasoline is moving. But its worse overseas.
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"EIGHT WEEKS TO EMPTY SHELVES. SIXTY DAYS TO FAMINE." EVERYBODY INSULT THE OP! [View all]
CousinIT
9 hrs ago
OP
This writer isn't an authority on the subject. His opinion is no more valuable than any of us.
hedda_foil
9 hrs ago
#1
There was an article posted a week or so stating that the last tanker of oil had reached LA. That gives US
in2herbs
9 hrs ago
#8
Yes, the last tanker from the Middle East for California/West Coast
DetroitLegalBeagle
4 hrs ago
#58
I agree. Getting away from peak oil is good. But we aren't running out during this mess.
Melon
7 hrs ago
#31
Yes, "we" do ave a huge incentive to convert our homes and businesses to electric, either solar or wind-generated power.
ShazzieB
6 hrs ago
#42
Of course we won't be fine. Rapenfuhrer is about to start the next worldwide depression with his little excursion --.
hedda_foil
2 hrs ago
#64
Please remember back to 1999 if you will. Airplanes will fall out of the skies, elevators will fall, ATMs wont give $$$
Srkdqltr
8 hrs ago
#9
The US has been exporting more oil and petroleum products than it imports since August 2021.
eppur_se_muova
8 hrs ago
#17
Well, I don't think we're gonna all starve. But I am going to short the market.😀
ashredux
8 hrs ago
#20
Yes and we've had a strategy for the last 50 years (thanks to Henry Kissinger)
FakeNoose
2 hrs ago
#65
There is a difference between Europe and the U.S. Europe has electric trains. We do not.
LiberalArkie
7 hrs ago
#38
Maybe worse case but I would bet the farm that supply and inflation will have a major impact by July
yaesu
5 hrs ago
#49
Well, one of the incentives for the Hiroshima and Nagasaki bombings to quickly end the war
Wednesdays
1 hr ago
#72
It seems like the comments here are mostly skeptical, but on Substack, they are mostly in agreement.
ihaveaquestion
5 hrs ago
#55
"For two months, the world coasted on oil that was already at sea. That floating inventory masked the full scale of what
riversedge
5 hrs ago
#56
Yeah. They skimmed it, made assumptions, and then went right to pile-on attack mode.
CousinIT
1 hr ago
#71