War with Iran: Oil Shortages in Europe & Asia

Peter St. Onge on X

Note what Mr. St. Onge does not say: It is true the US is the largest exporter of oil, however, we still import quite a bit. Don’t be lulled into thinking there is no potential problem in America. Don’t believe that propaganda.

Here’s more info from the US Energy Information Administration. This site has tons of material on these topics. I assume it is fairly accurate, but nothing seems to be tainted from propaganda anymore. Interesting excerpt…

“Saudi Arabia is also the greatest source of U.S. petroleum imports from Persian Gulf countries. About 12% of U.S. total petroleum imports and 12% of U.S. crude oil imports were from Persian Gulf countries in 2022.”

Oil and petroleum products explained:

Oil imports and exports

War with Iran: Global Energy Crisis Begins

Ras Laffan Industrial City in Qatar has been bombed by Iran.  This facility produces nearly 30% of the world’s liquefied natural gas (LNG).  Qatar has suffered other damage to its LNG in the past several weeks.

Here are some facts from my research:

Europe gets about 20% of its LNG from Qatar.  In particular, Germany, France and Italy all rely on Qatar since cutting off Russian gas.

Japan is already scrambling to find alternative LNG.

Cambodia just started panic-buying fuel from Singapore and Malaysia.

South Korea, India and Pakistan are all massive Qatar LNG buyers.

All of this will result in higher LNG prices, electricity bills, manufacturing costs, food costs, shipping costs, heating and cooling costs…and the list goes on.

There will be an inflation shock that central banks will have to navigate.

This will also result in currency instability and a capital flight to hard assets.

This is a global energy crisis at this point and LNG is only part of the story. Prepare accordingly.

Special thanks to a crypto expert named Chen on X, who works for Binance.

War with Iran: Massive Energy Shock Unfolding...

This changes EVERYTHING. Now.

Hopefully the worst won’t happen. But hope is not a strategy.

Thought for the Year From My Friend Chris Martenson...

“This is the year that reality intrudes.  And it’s going to hit like a freight train.”

Chris Martenson, Peak Prosperity

Click on link above for this article, posted today. Peak Prosperity is one on our highly recommended sources for news and preparedness advice.

Moral of the story: Prepare!

War with Iran: Air freight rates expected to spike as Iran war escalates

FedEx, other freighter airlines, suspend operations and detour flights

War with Iran: Natural Gas Crisis Hits Peru Businesses as Rationing Starts

Peru’s main natural gas fields have stopped shipping fuel just as global prices are spiking due to the war in the Persian gulf, hitting national industries that depend on cheap power.

War with Iran: QatarEnergy Declares...

“Force Majeure” After Halting LNG (Liquid natural gas) Production

Quatar is the largest producer of liquefied natural gas in the world.

ALERT: Iran Closes Strait of Hormuz

“Iran has declared the Strait of Hormuz closed and threatened to fire at any ship passing through it. The narrow waterway is a vital chokepoint for global oil and gas, but also for other commodities such as fertiliser. FRANCE 24's Yuka Royer speaks with Noam Raydan, a maritime risk expert at The Washington Institute for Near East Policy, about the potential impact of the Strait's closure and how Iran could further escalate the situation.” 

Watch video…

Iran shuts down the Strait of Hormuz. What more could it do?

Trump just lost whatever remaining respect I had for him

Trump levels political attack on Rob Reiner in inflammatory post after his killing

• This is why kids are shooting up with fentanyl.

• This is why we should be concerned about the future, this is why we must prepare.

• There are no longer common values of decency.

• We are being psy-opped into an Alice in Wonderland topsy-turvy world.

• Children must be given norms of behavior and heroes they can believe in (let’s start with Christ).

• I remember a time when it wasn’t a complete clown world, there was at least a veneer, a vestige, of decency and sanity.

• I remember looking up to President Reagan.

• We need to stop supporting people just because they throw us a few crumbs.

• Like Leonard Cohen said, “Things are gonna slide in all directions, Won’t be nothin you can measure anymore, The blizzard of the world has crossed the threshold and it’s overturned the order of the soul.”

• Also like Leonard Cohen said, “Ring the bells that still can ring.” (It is implicit in this line that soon they will ring no more, if we are silent, this echoes the writings of Fr. Alfred Delp as well.)

Thought for the Day

“So, good luck Big Apple as you await the luscious caramel coating of Woke-socialism to be laid on you.”

James Howard Kunstler