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In reply to the discussion: "EIGHT WEEKS TO EMPTY SHELVES. SIXTY DAYS TO FAMINE." EVERYBODY INSULT THE OP! [View all]hedda_foil
(17,010 posts)104. The last tanker of oil from the Persian Gulf. Not the last barrel of oil period.
How Much Oil Passes Through the Strait of Hormuz?
Britannica
https://www.britannica.com topic How-Much-Oil-Pas...
Mar 27, 2026 The roughly 20.3 million barrels of petroleum and crude oil that pass through the strait per day account for roughly 25 percent of the world's ...Read more
There will be major shortages with huge price hikes for what's available. There probably won't be enough fertilizer to go around, whatever the price, and farmers are very price sensitive. So prices for food will skyrocket. Imports will become scarce. All goods will cost much more, when they're available at all. Massive inflation affects everyone.
Stagflation. There will be hunger -- even starvation. Businesses will suffer badly. Many will close entirely (as did Spirit Air). Building stalls. Job losses cut across every industry, with the possible exception of Defense. Stock markets crash. Industries go bankrupt.
Somewhere in there, Iran will open the Strait, but probably not soon enough to avoid ...
THE REALLY, REALLY GREAT DEPRESSION
Somoewhere in there, countries trade dollars for yuan as the world's primary reserve currency.
In other words, this is probably just the beginning of what is almost certain to be a rolling disaster of massive proportions.
Unless the whole mess sets off WWIII first.
Britannica
https://www.britannica.com topic How-Much-Oil-Pas...
Mar 27, 2026 The roughly 20.3 million barrels of petroleum and crude oil that pass through the strait per day account for roughly 25 percent of the world's ...Read more
There will be major shortages with huge price hikes for what's available. There probably won't be enough fertilizer to go around, whatever the price, and farmers are very price sensitive. So prices for food will skyrocket. Imports will become scarce. All goods will cost much more, when they're available at all. Massive inflation affects everyone.
Stagflation. There will be hunger -- even starvation. Businesses will suffer badly. Many will close entirely (as did Spirit Air). Building stalls. Job losses cut across every industry, with the possible exception of Defense. Stock markets crash. Industries go bankrupt.
Somewhere in there, Iran will open the Strait, but probably not soon enough to avoid ...
THE REALLY, REALLY GREAT DEPRESSION
Somoewhere in there, countries trade dollars for yuan as the world's primary reserve currency.
In other words, this is probably just the beginning of what is almost certain to be a rolling disaster of massive proportions.
Unless the whole mess sets off WWIII first.
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"EIGHT WEEKS TO EMPTY SHELVES. SIXTY DAYS TO FAMINE." EVERYBODY INSULT THE OP! [View all]
CousinIT
Saturday
OP
This writer isn't an authority on the subject. His opinion is no more valuable than any of us.
hedda_foil
Saturday
#1
There was an article posted a week or so stating that the last tanker of oil had reached LA. That gives US
in2herbs
Saturday
#8
The last tanker of oil from the Persian Gulf. Not the last barrel of oil period.
hedda_foil
Sunday
#104
I agree. Getting away from peak oil is good. But we aren't running out during this mess.
Melon
Saturday
#31
I don't think it's a matter of running out of gas. It's more of a matter how much can
Autumn
19 hrs ago
#112
My point was about about empty shelves and expensive gas. That's what I think will be the problem.
Autumn
17 hrs ago
#115
Yes, "we" do have a huge incentive to convert our homes and businesses to sustainable energy sources.
ShazzieB
Saturday
#42
Of course we won't be fine. Rapenfuhrer is about to start the next worldwide depression with his little excursion --.
hedda_foil
Saturday
#64
Please remember back to 1999 if you will. Airplanes will fall out of the skies, elevators will fall, ATMs wont give $$$
Srkdqltr
Saturday
#9
The US has been exporting more oil and petroleum products than it imports since August 2021.
eppur_se_muova
Saturday
#17
Well, I don't think we're gonna all starve. But I am going to short the market.😀
ashredux
Saturday
#20
Yes and we've had a strategy for the last 50 years (thanks to Henry Kissinger)
FakeNoose
Saturday
#65
There is a difference between Europe and the U.S. Europe has electric trains. We do not.
LiberalArkie
Saturday
#38
Maybe worse case but I would bet the farm that supply and inflation will have a major impact by July
yaesu
Saturday
#49
Well, one of the incentives for the Hiroshima and Nagasaki bombings to quickly end the war
Wednesdays
Saturday
#72
It seems like the comments here are mostly skeptical, but on Substack, they are mostly in agreement.
ihaveaquestion
Saturday
#55
"For two months, the world coasted on oil that was already at sea. That floating inventory masked the full scale of what
riversedge
Saturday
#56
Yeah. They skimmed it, made assumptions, and then went right to pile-on attack mode.
CousinIT
Saturday
#71
This is simply not credible. Please don't give in to fearmongering and misinformation.
Rainbow Droid
Sunday
#82
Remember when that Geology professor told us masks don't lessen the spread of COVID-19?
Soul_of_Wit
Sunday
#90
Why won't American oil companies either produce more or export less to meet the US demand.
ChicagoTeamster
Sunday
#92