Joshua Leung

Headline: "The global oil crisis is turning into an everything crisis"

Me: Told ya so!

Guess the media are only catching up on saying this now (if the govt hadn't advised them to hold off saying this until after Easter)...

You know, the oil watch website today was saying current estimates are that it will likely be at least October 2026 before oil supplies return to normal, if not December (with only 79% confidence) and beyond (I.e. that remaining 20%)!!! Not "May"... not "June", and not even "August/September"... 😬

https://www.rnz.co.nz/news/business/591542/the-global-oil-crisis-is-turning-into-an-everything-crisis

The global oil crisis is turning into an everything crisis

The global supply of oil and natural gas has been reduced by about a fifth, limiting supplies needed by manufacturers to make car parts, medical supplies, food packaging and fabrics.

RNZ
Apr 5 at 9:20amWeb
Show threadJohn Stonier3d ago

@aligorith

The current cost to run my average sized EV is about 60 cents per litre (petroleum equivalent cost) if I charge from fast chargers, and 25 cents per litre if I charge from my residence. (British Columbia,
$CAD.) What crisis?
#goelectric #ev

Show threadJohn Stonier3d ago

@aligorith
Every CFO for every business running vehicles should be thinking the same thing. Get off the fossil fuel cost suck.

And for every jurisdiction, all that money not spent on petroleum stays in the local economy, pays for groceries, and other services.

Electrification is the way to escape this tyrany.

Show threadJoshua Leung3d ago
@FullOnElectric
While I agree that this is a prime opportunity to hopefully get a lasting structural change away from fossil fuel dependency for transportation, what this article highlights is more that there are countless other industries for LOTS of the world's critical supplies + equipment that are very much dependent on byproducts from the fossil fuel industry being up and running... things we do not have easy alternatives for, and certainly not in a way where we can easily pivot literally everything to work around said shortages overnight during a supply crisis.
Show threadAngela3d ago
@aligorith 🙋🏻 which oil watch website was this?
Show threadJoshua Leung3d ago

@seawall
I think this is the one someone linked to on here a few days ago. At least that was what came up when I went to look it up in the search bar

https://nzoilwatch.com/

NZ & AU Fuel Reserve Monitor

Live countdown to NZ & AU fuel depletion — reserve gauges, vessel tracking, pump-price monitoring, and scenario analytics.

NZ Oil Watch
Show thread(^^)3d ago
@aligorith shows the fragility of all of these economic systems that are reliant on a finite, easily disrupted energy source that is destroying all of humanity.