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    Worse than the 1970s

    Started by RE Mar 29, 2026, 05:52 PM

    Message path : / Planetary Material Conditions / Peak oil / Iran War Oil Issues #11


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    RE

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    Mar 29, 2026, 05:52 PM

    LIBERALCURRENTS.COM • 2026-03-29

    Worse than the 1970s

    Donald Trump, it seems, has managed to outdo his first term’s mismanagement of COVID-19 with an economic crisis of extraordinary scope and scale, entirely of his making. In a recent interview, International Energy Agency (IEA) Chief Fatih Birol asserted the present energy crisis was already on track to be “worse than the 1970s.” How bad is that exactly? The answer, unfortunately, is that this has the potential to be the worst economic downturn since the Great Depression.


    This is getting a little closer to the Best Case Outcome for the oncoming shitstorm.  The Worst Case Outcome is Global Famine, Riots & civil Wars, Food & Fuel rationing, shortages of basic medicines like Insulin and Antibiotics, and rampant disease epidemics.

    RE

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