Impact of oil shortage and increasing oil prices

[emptiness dancing]

 

[emptiness dancing]

 

[Natasha Tori Maru]

It is pretty bad in Melbourne.

I am rather the social butterfly to gain information - I know a lot of the service station owners in my area.

They have had a lot of theft and people hoarding fuel (filling storage bottles).

Diesel is like $3.30/litre atm, and all our contractors are hitting us with fuel fees on top of delivery.

Edited Monday at 08:35 AM by Natasha Tori Maru

[NewKidOnTheBlock]

It's never been a better time to be a small, self-sustaining farmer. The price of literally everything is about to increase significantly, especially if the price per barrel hits $200, which would be a historical record. However, economies will adapt eventually, and once the war ends, I bet the Strait of Hormuz will re-open. After a few months to years of demining and re-establishing lost trust and certainty, traffic will return to pre-war levels. And the price of oil will start to drop massively again. And you just know there are gonna be a couple of rich sleazeballs with insider information who'll be able to time that short with pinpoint accuracy lol

[Rafael Thundercat]

6 hours ago, NewKidOnTheBlock said:

It's never been a better time to be a small, self-sustaining farmer. The price of literally everything is about to increase significantly, especially if the price per barrel hits $200, which would be a historical record. However, economies will adapt eventually, and once the war ends, I bet the Strait of Hormuz will re-open. After a few months to years of demining and re-establishing lost trust and certainty, traffic will return to pre-war levels. And the price of oil will start to drop massively again. And you just know there are gonna be a couple of rich sleazeballs with insider information who'll be able to time that short with pinpoint accuracy lol

What if the war keep going for long time. What if few months turn to years. 

[ArcticGong]

My mixed analysis: oil shortage is friendly and expensive reminder that the world is interconnected. People like to fool themselves into isolationist thinking that one part of the world does all heavy lifting for our living standard ,sloppy anti globalist talking points. Also, there might be a real risk of hunger and famine which would be a catastrophe. 

Edited Monday at 05:21 PM by ArcticGong
Grammar

[NewKidOnTheBlock]

2 hours ago, Rafael Thundercat said:

What if the war keep going for long time. What if few months turn to years. 

It depends on how effective this US ground operation that's about to unfold is going to be. But I doubt this war is gonna last years. There's not enough political capital in the US to make it continue and resources and money are being burnt throught way too fast. All of these operations are meant to be knockout blows, which they really are to a certain extent. This will probably turn into a cold war scenario, with either Iran or the US having the control over the flow of oil in the Persian gulf and the Strait of Hormuz. Which side it's gonna be is hard to predict. US can't back out of this one, there's just way too much at stake, so regardless of the level of administration's competence. US military cannot actually yeld and pull out of this one

[Hardkill]

Hopefully, this becomes another political gift for the Democrats and for all other left-leaning parties throughout the rest of the world.

Edited Monday at 08:41 PM by Hardkill

[Raze]

All these countries had their chance to cut off israel before it got to this point, can’t say I feel bad for them. 

[Natasha Tori Maru]

Nice. Melbourne restaurant.

[Something Funny]

2 hours ago, Natasha Tori Maru said:

Nice. Melbourne restaurant.

Wow, all those surcharges are so dumb. Just increase the prices of meals why does customer have to see your costs breakdown.

[AerisVahnEphelia]

Glad to be french, for once we are number one in something; not depending on oil.

+ 60% of our energy is purely nuclear.
 

Edited yesterday at 08:59 AM by AerisVahnEphelia

[NewKidOnTheBlock]

2 hours ago, AerisVahnEphelia said:

Glad to be french, for once we are number one in something; not depending on oil.

+ 60% of our energy is purely nuclear.
 

Nope. Unless you can quickly electrify all your vehicles, aviation, shipping, heavy trucks etc. then nuclear energy is not going to make any meaningfull difference. Train can help a bit I suppose, but other than that France is cooked as well as rest of us. There are ways to bypass this issue though via various means tho, so it's moreso medium - medium rare level of being cooked

Edited 23 hours ago by NewKidOnTheBlock

[AerisVahnEphelia]

2 hours ago, NewKidOnTheBlock said:

Nope. Unless you can quickly electrify all your vehicles, aviation, shipping, heavy trucks etc. then nuclear energy is not going to make any meaningfull difference. Train can help a bit I suppose, but other than that France is cooked as well as rest of us. There are ways to bypass this issue though via various means tho, so it's moreso medium - medium rare level of being cooked

it definitely does a meaningful difference & even if you're correct that the country will be affected a lot aswell.
 
There is already electric car, but they are indeed not the norms at all.
 

Edited 21 hours ago by AerisVahnEphelia

[NewKidOnTheBlock]

1 hour ago, AerisVahnEphelia said:

it definitely does a meaningful difference & even if you're correct that the country will be affected a lot aswell.
 
There is already electric car, but they are indeed not the norms at all.
 

I wouldn't mind electric vehicle industry resurgence as a result of this to be honest, but the extended grid infrastructure needed to suport them as well as battery industry and power station infrastructure wouldn't just automatically build themselves in a day. That's why that would be much more of a long term solution, the more short term would be oil rationing, new laws to limit consumption, alternative oil transport routes, adapting to cruder oil alternatives and using gas. Hopefully all these companies employing white collar workers will stop demanding these annoying return-to-the-office policies; would be nice to stop pretending like it's something beneficial, usefull or neccesary

[emptiness dancing]

14 hours ago, AerisVahnEphelia said:

Glad to be french, for once we are number one in something; not depending on oil.

+ 60% of our energy is purely nuclear.
 

Well, this video show otherwise.