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When do you think the oil shortages will begin? (lemmy.world)

submitted 3 days ago by jaykrown@lemmy.world to c/general@lemmy.world

8 comments fedilink hide all child comments

I'm betting at some point around late August personally. Maybe September latest.

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[–] rimu@piefed.social 9 points 3 days ago* (last edited 3 days ago) (2 children)

It'll be uneven.

I know people in Philippines who no longer cook at home because they haven't been able to afford LPG for the last 2 months. So their "shortage" (under capitalism there are no shortages, just prices you can't afford) started a long time ago.

I doubt USA, as an oil producing nation, will see proper shortages ever. They'll just stop exporting their surplus. America First.

Other rich countries that don't produce / refine oil will be getting properly desperate around end of July / August, yeah.

Time to shamelessly plug !fuel_crisis@piefed.social

[–] Brkdncr@lemmy.world 5 points 3 days ago

The amount of stuff that needs oil to be made and is made overseas is staggering. That’s where the US will be hurt. Indirect costs will skyrocket.

It’s going to be CPUs. Expect cell phones to become unobtainable.