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Oil supply

Started by K-Dog, Apr 08, 2026, 04:54 PM

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CNBC.COM 2026-08-12

Hormuz closure squeezes global economy as oil demand destruction intensifies, IEA says

World oil demand is set to fall further than previously expected this year, the International Energy Agency said Wednesday, as the impact of the closure of the Strait of Hormuz deepens.  The IEA forecast demand will drop by 1.6 million barrels a day in 2026. That’s 510,000 barrels a day more than its last monthly prediction in July.


Crude stockpiles also running low.  Should get interesting when they bottom out.  Timing could put it right in front of the election.  Cross your fingers.

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K-Dog

#76

THECRADLE.CO 2026-08-13

Iran rejects reports of ‘ceasefire extension’ with Washington

Tehran has continued to deny claims that there are any talks with the US, which has repeatedly violated the MoU with attacks and a blockade


All Iran has to do is let time do it's work.  Trump does not care about Americans, and Iran knows that fact all by itself will destroy the U.S. over time.  America rots from within, wait long enough, endure the stench, and America will be gone.  The fool will destroy it.  And America is too weak to stop him.

As evidenced by :


POPULARRESISTANCE.ORG 2026-08-12

Mutiny Aboard US Carrier Abraham Lincoln Off Iranian Coast

Recent reports indicate a serious mutiny situation aboard the USS Abraham Lincoln. Seven U.S. Navy personnel have possibly been killed and several others injured in a violent clash among the crew, highlighting growing unrest and morale issues during an extended deployment.


Did they run out of Friday night Prime Rib?  Will this story reach Fox News?

RE

Quote from: K-Dog on Aug 12, 2026, 09:46 PMDid they run out of Friday night Prime Rib?  Will this story reach Fox News?

Sure to be denied as Fake Newz.

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RE


WSWS.ORG 2026-08-12

Family members outraged over unbearable conditions on aircraft carrier USS Abraham Lincoln

Family members said sailors have faced non-operational toilets, showers without hot water, laundry facilities broken for weeks and prolonged waits for basic hygienic supplies. They described lines of an hour or more at the ship’s store, which was said at times to lack soap, deodorant and toothpaste. Relatives also reported periods in which food portions were rationed.


Still nothing from MSM sources, but obviously not Fake Newz.

With 7 Grunts Dead, this will be a major story.  Doubtful it can be contained long.


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THEGUARDIAN.COM 2026-08-12

USS Abraham Lincoln sailors tried to jump overboard amid extended deployment – reports

Two leading specialist military papers, the Navy Times and Stars and Stripes, are reporting that there have been multiple attempts by sailors to jump overboard as poor conditions and mental stresses on the Lincoln reach the breaking point. The crew is in its ninth month at sea, and has spent 250 days consecutively without making land – a record for an aircraft carrier in modern times.


Well, it's made it to the MSM branded as a "mental health crisis".  Nothing about Mutiny, Riot or Dead Grunts so far.

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K-Dog

#80

CNBC.COM 2026-08-15

Iran rebuffs Trump’s claim over Strait of Hormuz amid report of another ship being struck

Iran rebuffs U.S. President Donald Trump’s claim that the Strait of Hormuz would soon become a U.S. territory.

Caligula / Mar-a-Lago

ROMANEMPIRETIMES.COM 2024-02-17

Did Caligula really declare war on Neptune?

A story about the day emperor Caligula ordered his soldiers to fight with the waves, declaring war on Neptune.


Rhyming Times these are.  Not talking about making war on the sea, which taking possession of the straight of Hormuz is.  The mad king parallel rhymes like a wine glass shattered by a singers voice.

The actual beach where Caligula commanded his legions to attack the surf was the coast of northern France facing Britain.  When reality resists a mad emperor's grand plans, even the sea will become the stage for rage.  He howls at the tide, but his screams are drowned by the noise of thundering surf.


QuoteThe Senate whispered in hushed tones, while the people spoke openly of their emperor's divine victory.

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Diesel is definitely the more important distillate as far as oveerall inflation is concerned.  Gas just affects Happy Motoring, Jet Fuel Fearless Flying, but Diesel hits the prices of everything we eat, every toy we buy, every McMansion being built and every mine digging rare earth minerals out of the ground.  How much it costs your city to do snow removal this winter and how much to pump the fresh water and the sewage.  Up go the taxes to pay for it.

The Inflation is bad enough, but if/when real shortages develop, the very life blood of industrial society drains away.  It's like Bleeding Out for the whole civilization.  Drones & Missiles hit a few more refineries and we'll get there sooner rather than later.


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RE

 

How high does the price have to go in the FSoA before we get the riots too?  I would think $10/gal should do it.  Of course Amerikans are so fat & lazy they can't get up off the couch to riot.

Amerikan Exceptionalism.  It's all good as long as it's somebody else's problem. 🙄


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TDoS

Quote from: RE on Sep 16, 2026, 03:21 PMHow high does the price have to go in the FSoA before we get the riots too?  I would think $10/gal should do it.  Of course Amerikans are so fat & lazy they can't get up off the couch to riot.

$10/gal could do it. I would simply ease more into using the EV, as the Boy Scouts say, "Be Prepared!".

The solar panels and whole house backup battery permits have made it through the process, installation coming soon. I don't get it, to some extent. The advent of the Chevy Volt should have been a clue, oil folks certainly didn't sit idly by waiting in line for some pollution spewing monster truck or another. After all..peak oil was coming! The Volt was released 16 years ago, like, 2 or 3 peak oils ago!





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A volt can get you to the store.  Hard to say what you'll find there, since electrifiication of trucks hasn't gone too well.

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It's Harvest time too!  Between the Diesel foor the Tractors and the Diesel for the Trucks, Food Inflation has a ways to go.  Of course, Food & Fuel aren't counted in the "Core" inflation figures. 🙄  Counts in your wallet though.  At least they can still buy it here though.  For now.

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K-Dog


K-Dog

Quote from: RE on Sep 16, 2026, 03:21 PM

How high does the price have to go in the FSoA before we get the riots too?  I would think $10/gal should do it.  Of course Amerikans are so fat & lazy they can't get up off the couch to riot.

Amerikan Exceptionalism.  It's all good as long as it's somebody else's problem. 🙄


RE


The out of date tune that refuses to get irrelevant.

Just as well since all rioting will do is get you hurt.  Would $10/gal gas do it ?  I think that might get a few pussy hats out of the closet.  Then the hatters can drive down to a designated area to protest, and then drive home.  Stopping for a snack along the way. 

The number of people who understand 1. and 2. give a shit about the issues is what ?

1 in 10,000 or less, that is what I am guessing.  Add the giving a shit part into the count, the ratio drops to maybe 1 in 50,000 as the better answer.

Leading to the conclusion that we can all bend over and kiss it goodbye !





I don't know Spanish and have no idea what she is saying. 


TDoS

#88
Quote from: RE on Sep 16, 2026, 05:29 PMA volt can get you to the store.  Hard to say what you'll find there, since electrifiication of trucks hasn't gone too well.

RE

Oh, Elon branching out with his big rigs from California like years ago seems to be proceeding exactly as expected. Start small, learn, do better,faaster, cheaper and presto....electrification of trucks looks like it is following the same path as EVs in general. Like he did with ebay, and as of late, knocking off various space delivery folks....otherwise known as "countries".

 

TDoS

Quote from: K-Dog on Today at 01:10 PMHow high does the price have to go in the FSoA before we get the riots too?  I would think $10/gal should do it.  Of course Amerikans are so fat & lazy they can't get up off the couch to riot.

$10! Maybe back in the OLD days when peak oil when ambulance chaser turned peak oil expert turned astrologist turned substitute teacher Matt Savinar (I just emailed him the other night to see if wouldn't mind discussing his journey with someone who knew he was full of crap 20 years agp, no word back yet)!

$7! $7 was...THE END. How about that 50% yearly inflation, THAT would be a better scare factor to use nowadays. Peak oil just leaves a foul taste in most doomers mouths nowadays. 

I would feel bad for those most highly respected geoloigsts, physicists, petroleum engineers and bankers, but I can't..stepping stones into the stratosphere of the scientific world should always receive their due.