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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.

all 10 comments

sorted by: hot top controversial new old

[–] 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.

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

My country subsidizes fuel heavily, and recently signed a supply arrangement with russia. So, pretty soon.

[–] blarghly@lemmy.world 2 points 3 days ago

Your daily reminder that it isnt a shortage if you can still buy it for a higher price

[–] piskertariot@lemmy.world -2 points 3 days ago* (last edited 3 days ago) (2 children)

Who cares? It's been 27 years since "Peak Oil" scare.

https://trends.google.com/explore?q=peak+oil&date=all&geo=Worldwide

https://www.sciencedirect.com/science/article/pii/S2214629618303207

It's been 50 years since the oil shortages of the 1970's.

Time is a flat circle. You will simply continue paying for gas to survive. The powers that be have mandated it so.

[–] jaykrown@lemmy.world 8 points 3 days ago (1 children)

Who cares? I think everyone in about 3 months, whether they like it or not. Time is ticking.

[–] Iconoclast@feddit.uk 3 points 3 days ago

Who cares?

The world's economy and everyone whose affected by it.