The Future IS Happening Now!
Peak Prosperity has an interesting POV on the growing shortage of Fossil Fuels and the decay of economies caused by it.
This was (is) entirely predictable and the thing we’ve said will happen for a few years now. Well, that future is happening now.
When you are pumping oil or gas out of the ground, the field takes increasing efforts to extract the same amount. IF you stop “developing” the field, you rapidly suffer decreasing supply.
Trump promoted drilling, fracking, developing and producing coal, oil, and gas. The GEBs and their puppet Biden are all about artificial shortages.
So Biden killed the pipeline to deliver oil from Canada, stranding that production (and forcing it onto limited oil trains). Britain blew up their coal power plants before building any replacements. The EU seems hell bent on killing off North Sea gas and oil.
BUT they believe solar and fairy fart wind will provide their future. It won’t. First off, the SIZE available is just impossibly small. Second (but in some ways more important) it is not “dispatchable”. You DO NOT get to decide when the power arrives. It arrives at unpredictable times and when (it is not an “if” it IS a when…) the wind stops at night, you get very cold sitting in the dark. Yes, that simple.
Well, it seems that 90% of so of UK petrol stations are dry. The Government is blaming this on “Panic Buying”. The reality is that they don’t have enough fuel in the country.
Then Russia has a deficit in gas stored to get it through the winter. Can they produce enough to both fill their winter surge storage AND support Europe? I doubt it.
The surprise for me is the statement that China has power shortages due to a shortage of coal (Perhaps stopping Australian Coal wasn’t so bright a thing…) The result is that in some areas the traffic lights are out, and manufacturing is shut down. (He shows Silicon going vertical price wise). OK…
So if there’s not enough raw silicon, and Taiwan makes 90% or so of the most used chips, and China is about to recapture Taiwan: How soon will car makers, computer makers, and phone makers be shut down from lack of semiconductors? (They are already short and partially shut down).
The USA is in a better position, but Biden has tried to Screw The Pooch here. Banning new development but there’s still a fair amount. I’d suggest modest preparation. Fill up the tank when it reaches a 1/2 full. Have an emergency generator and fuel for it. Have a fuel driven emergency heater if you live in a cold place (remember that even oil rich Texas had a multi-day power outage mid-frozen…)
Preparation, it’s a thing.
I do not think this will be TEOTWAWKI, I do think it will be a long, cold, and “interesting” winter – especially in Europe and Asia. The shutdown of fertilizer plants making ammonia from natural gas doesn’t concern me as much as those who have gone out of business. Short term halts don’t bother much, but long term shutdowns mean less food globally. No nitrates & ammonia, somebody starves.
He has a Ew-Tube channel that makes some money for him, but also an Odysee channel:
The policy responses to Covid have been awful, but those failures are utterly dwarfed by the energy and supply chain policy inactions that are bringing us into a very dark winter.
While COVID-19 has occupied a lot of our intellectual and emotional energy over the past year and a half, energy and material shortfalls are far more likely likely to seriously impact your life. I alerted this channel to the energy issues last June, and sent out an ALERT over a week ago to my Insider members. I stand by the urgency of those messages even more now.
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An energy crisis is roiling across the UK and Europe on the cusp of winter, and the rest of the world is on the horizon. It’s already being felt in the UK, Europe, China, Russia, and the U.S.
In the UK, the media is chalking up the energy crisis to consumer panic buying and truck driver shortages, but this blames everyday citizens for what is actually a much deeper structural problem and bungling executed by government policies. A more accurate explanation acknowledges the origins of the current energy crisis in a predictable outcome of the failure to invest in the production of oil and supply stability during the COVID-19 mismanagement and shutdowns.
While the governing elite will have you believe the crisis is as “transitory” as the inflation they themselves create through central bankers’ monetary policies, it would be foolish to take them at their word. A major economic shock is guaranteed at this point in the story – one that will disproportionately impact the middle and lower classes.
Watch this video to have your eyes opened to the reality that “energy is everything” and come over to www.PeakProsperity.com to learn more about how we might create energy resilient societies that safeguard human flourishing for everyone, not just the ultra-wealthy.
The EwTube Version: