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.
The US doesn’t have neither the refinery capacity nor pipeline infrastructure to process all of its extracted crude oil. So that country will be as vulnerable to oil shortages as most others.
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
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.
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Incorrect: US oil exports hit record high. What does this mean for gas prices?.
The US doesn’t have neither the refinery capacity nor pipeline infrastructure to process all of its extracted crude oil. So that country will be as vulnerable to oil shortages as most others.