Joshua Leung4d ago

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
Show thread(^^)
@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.
Apr 5 at 7:42pmWeb