Oil prices are fucked, any thoughts about what comes next?

https://lemmy.world/post/44532026

Oil prices are fucked, any thoughts about what comes next? - Lemmy.World

Lemmy

Electricity
electric prices are already up due to AI data centers in many states. thats why they are trying to get INDIA to build them, no regulations and less oversight.

www.thedissident.news/the-last/

It’s a sobering article. Predicting the economic future is always going to depend on numerous variables. Hopefully it won’t be this bad.

The Last Bit of Normal

The Strait of Hormuz crisis may permanently change the world for a generation. Sometime in the last three weeks, we passed through a door we are not going back through. Most people haven’t realized it yet. The groceries still show up. The lights still turn on. The commute seems

The Dissident

Every oil company and exporting nation: Drill baby, drill!

Long term, we will see Guyana and Venezuela added into the market, neither of which can be hampered by Iran or Yemen, and both of whom have massive reserves.

venezuela might be too costly since thier oil is very difficult to refine, something about it being heavy oil, might be more expensive than it cost to sell. hence why we hear almost no more news about VENEZUELA in recent months.

There is a silver lining to this, it’s going to push everyone to do the things we should have already been doing for climate change at a much faster pace

Renewable energy, especially solar, in recent years as already become the cheapest form of power per kWh. It’s made up 90+% of global new electricity capacity in the last year. New instillation will likely go even further. The war in Ukraine already helped ramp up renewables in many countries and the oil supply shock here is far higher than that.

This doesn’t have to come solely from the top down either. Besides the roof-top solar setups you think of, plug in solar is becoming available in more locations which also allows it to exist for apartments, renters, or just someone who wants a smaller but plug and play install. Outside the US, it’s already a thing in Germany, Austria, France, Lithuania, etc. More states in the US have been looking at approving plug in solar which makes small setups easy to install and possible on balconies. Utah has approved it a few years ago, Vermont just approved it earlier this year, Virginia seems set to do so.

It’s also going to lead towards more electrification. From last week

Induction stove sales on Amazon India have jumped more ⁠than 30-fold, while rice cookers and electric pressure cookers are up fourfold, a company spokesperson said.

Kitchen ​appliances maker TTK Prestige (TTKL.NS), opens new tab said demand for induction stoves had surged far beyond supply.

“There is a threefold ​surge (in demand),” CEO Venkatesh Vijayaraghavan told Reuters.

reuters.com/…/induction-stoves-fly-off-shelves-in…

We won’t need stoves because we won’t have food and we will all be dead. Just read the other comments here. If you think you will be alive in 6 months you’re an idiot. We are all going to die. Just read the other comments.

The fertilizer production decrease is not as bad as you are suggesting. Fertilizer prices are up, but not at an unprecedented level. Fertilizer production is not that dramatically centralized as to have no supply left, just less

I’m so happy that I have an electric car and solar at home to power it
Oil is also essential in production of many other products such as medicines and fertilisers. Good luck photosynthesising. 

I’m well aware

The stupidest thing to do with oil is to burn it

My point still stands. My EV means that I’m less affected than some

I’m happy you do too. Please do your best to share you experience and knowledge with as many as possible, even if they seem like they don’t want to hear it, they need to.
Suicide bombers …in America I think they are called mass shooters.
white supremecists are too cowardly to be suicide bombers.

Trump has openly-admitted that the Republicans are finished in/by June: therefore his conversion-to-total-dictatorship has a hard/external deadline.

Between now & that tippingpoint, only more compounding-frustrations, for us, for Trump, for everybody, until finally either Trump invokes The Insurrection Act, XOR declares martial-law, if somebody creates “justification” for that.

In the Middle-East, I expect Netanyahu to keep ramping-up on his zionist rabies, & if Trump suddenly ditches that war, then I expect Netanyahu to nuke Iran, then the MINUTE regional-retaliation lauches, for Netanyahu to nuke ALL Muslim countries, simultaneously.

Which will GUARANTEE that EVERYone in the region will launch EVERYthing against Netanyahu’s “Israel”, no matter what the cost.

So, it’s entirely possible that Netanyahu’s “Israel” will be annihilated that way, in the next weeks/months.

Once Trump’s got his dictatorship, though, why would he care about the rest of the world?

Enforcing HIS mass-shooting on the Americas, PROVING that NOTHING is “great” after him, will be his fundamental concern.

Civil War Part2, annexing Canada & using Greenland to enforce that annexation ( Alaska, mainland, & Greenland, + navy + airforce, means he can seal-off Canada COMPLETELY from ALL international-trade, & gain continental-kingdom quicker ), & his imperial-expansion southward, throughout the Americas will be his concern.

The law he’s been holding-back, not exercising, to protect its existence … will de-naturalize ALL non-Republicans, & it’ll be criminalized for any “legal” to do ANY trade with any “illegal”, so … the “illegals” will have a simple choice:

be drafted/enslaved, XOR go into the “detention” centers network of ICE ( they will be building incinerators, starting as soon as the tippingpoint is crossed ).

So, the Americas are going to be hellscape, shortly.

Why bother telling people that this is going to be, when nobody belives that the escalation is going to continue until it crosses a phase-change/tippingpoint?

Because the borders will close, & if you want to live, & happen to be an inhabitant of the US of A, reader, you’d better get across that border BEFORE it becomes impossible.

I want good-people surviving this.

When someone gets off the tracks BEFORE the unseen-now train suddenly-appears & sweeps through at high speed, one survives.

Not telling people the truth … “helps” them be splatted throughout the sky, by comforting ignorance.

The escalation will continue accelerating ( both Trump & ClimatePunctuation: this is our-world’s megachickens, coming home to roost ), until near the end of this century.

I haven’t bothered sketching-out, here, the European war ( China-backed Putin vs Europe, abandoned by the Americas ), the Asian war ( West-abandoned Asia’s China’s cannon-fodder, & Modi’s “Russia will stand with us against China” “strategy” isn’t worth the paper it’s printed on ), or the Middle-East & Africa consolidation ( Saudi Arabia should be the only ruler of that region, by the 7-years end-of-this-next-cycle )

It doesn’t matter, though, does it?

Nobody’ll believe that this has ANY accuracy until it’s too-late.

Know, in advance, that once the economy disappears ( just after the tippingpoint ) that the Regional Consolidation Time does last 7y.

Then, suddenly, everything becomes SERIOUS, as the regions deathmatch for total-planetary-dominion, or something like that…

It’ll just keep going & going & going, decade on decade on decade, until it’s done, or the food-chains die.

“The Tribulation”, “Armageddon”, “The Great Purification” ( as the American Indians have been calling it for almost 1 millenium ), it’s the tantrum/pogrom that humankind’s collective-unconscious mind has been working-itself-into for centuries, & finally ignorance-ego’s got the technology to ENFORCE its tantrum/pogrom, in its myth’s “apocalypse”.

If you’ve ever seen an addict, on the streets, fighting for months to save their life, & their own unconscious-mind’s addiction-to-obliteration murdered their only life…

then you’ve seen exactly what humankind’s doing, this next 6-decades, at individual-human scale.

No “religion” needed.

No “supernatural power” needed.

Human unconscious-ignorance’s ego-addiction & myth & apocalypse-“proof” that there is NO “power” greater than ego-ignorance’s tantrum/pogrom, therefore ego-ignorance is “god” … that’s all that’s needed.

The Great Filter.

Welcome to the pending opening of the “gate”, as my-tradition calls it, but the Abrahamic-religions call it the 1st “Seal”…

I think it’ll happen in the March/April period, Trump indirectly-admitted that phase-change MUST happen before the end of June, & I don’t see any way of preventing the economic-bubble from popping any longer than that.

So, IF this ( above ) is true, THEN what?

Put in-place as much “underground railroad” & prepper-autonomy as everybody can, before it becomes impossible.

Seatbelts ONLY work when one has one locked-on before the crash, right?

Secure one’s means, get autonomous, get ready, get fit, put one’s “house” in order, all one can.

I believe that the 1st execution Trump will do in his PURGE will be Sanders, simply because Sanders is the truest hero in the top of the US’s federal gov’t, & that must hurt Trump more than he’s been letting on…

but total-extermination of his foes will be on the table.

Why wouldn’t he, if he finally can?

Welcome to hell, iow, soon.

Trump’ll be doing to the Americas what Russia has been doing to Ukraina,

the EU’ll be discovering they had only until now, not until now+10y … & getting butchered for that mis-framing, Taiwan’s going to be Tibet’d, then … the rest of Asia, too…

7y for the cycle.

Then the Republican regime will implode.

( destroyer-rage has short-term advantage, but if the opponent can remain unbreaking, enduring, then destroyer-rage itself breaks/fails.

Different durations in different lives/cultures, but that’s a consistent “force” of history.

Prejudice’s rage is destroyer-rage.

Ideological-rage is destroyer-rage.

All one has to do to win against it is remain unbreaking long-enough, & it’ll break.

White-supremacism, zionism, nazism, islamism, christofascism, the equivalents in Asia, etc: it’s just the way it works )

_ /\ _

You don’t get invited to many parties, do you?
You can’t pay for oil when we are all dead. There will be less than 100,000 people left on this planet in 6 months. If you have the means, take your own life now or be prepared to suffer in great extent very soon. The oil in the middle east goes, the food is about to go, then the food wars are going to start.

Fertilizer prices going up aren’t going to cause that dramatic of an effect. What we’re looking at isn’t unprecedented since a lot of fertilizer is still made elsewhere from other sources

The sky is falling!
I don’t actually feel this way. I was just trying to fit in this thread.

Oil prices skyrocketed during the Russian invasion of Ukraine as well. Markets react to world events. Shocking.

I don’t worry about it - I’m playing the long game.

Well oil prices being high makes transportation more expensive which makes everything more expensive