Updated Apr 3Everybody is just going about their business. That's going to change in a week or two. Maybe a month. It won't just be pain at the gas pump. It's going to feel like COVID out there.
Currently sustaining on the largest release of emergency petroleum reserves in world history
In response, the International Energy Agency agreed on Wednesday to release the largest volume of emergency oil reserves in its history
apnews.com/article/iran-war-oil-gas-02339048caa3fe1f08a198eb9224de2b
Executive Director, International Energy Agency Fatih Birol
The loss of oil in April will be twice the oil loss in March, on top of the loss of LNG... It will come through inflation and will cut economic growth in many countries
EU Energy Commissioner Dan Jørgensen
Even if ... peace is here tomorrow, still we will not go back to normal in the foreseeable future
politico.eu/article/europeans-urged-to-work-from-home-and-drive-less-as-eu-warns-of-long-crisis
- Apr 3·edited
Apr 3So crazy how many people think it’s just temporarily a dollar or two more per gallon for gas and then the gas will go back to normal and nothing else will be affected
Even if you don’t follow the news closely, surely it’s not that difficult to comprehend how cutting off this much oil for this long will have extremely large ripple effects
- Apr 3
The stock market especially is wild. It feels like a crazy game of chicken — seems like investors are just trying to hold out until the last second and then pull their stocks and the Dow gonna plunge 10000 in one day or some s***
Apr 3·1 replycommunist revolution coming soon to a country near you
Apr 3I'll start buying all the toilet paper right now.
Apr 3Glad I bought a bunch of 3d printer filament for no reason a few months ago
Apr 3Let it all burn
Apr 4·1 replyWe’re so f***ed
- Apr 4
Hinting at Houthis blocking this again
Apr 4Shin ChanWe’re so f***ed
- Apr 4
From JP Morgan
Apr 4snowboyraricommunist revolution coming soon to a country near you
Snowboy and co rn (but actually Peter Thiel n em):
Apr 6dont f*** with ran is the lesson
Apr 6$300/barrel by june
- Apr 6
Final US shipments come in next week
UncMC 🏰Apr 6In
- UncMC 🏰Apr 6·1 reply
Hopefully this will start the discussion about nuclear and renewables again
Apr 6
Apr 6·1 replyUncMCHopefully this will start the discussion about nuclear and renewables again
Probably not tbh
This s*** we call life is rigged bro. These people in power dont care about us
- Apr 6whitegirl
Probably not tbh
This s*** we call life is rigged bro. These people in power dont care about us
Capitalism will find a way to survive
Green capitalism will be the way out
HBDUSA 🇺🇸Apr 7Feel like we’re in that period pre-Covid where no one took any of the economic effects of the virus seriously
- Apr 7
Apr 7i wonder how this will compare to the 70's oil shortage, might have to fill up the sonderklasse before europe gets their last oil shipment this week
Apr 7·1 replyWill KTT be able to afford to keep the lights on
