Exxon warns oil inventories will hit dangerously low levels in weeks...

…forcing prices to shoot higher

Excerpt from CNBC:

“We’re approaching unheard of inventory levels,” said Exxon Senior Vice President Neil Chapman at a conference hosted by Bernstein in New York.

“I mean really, really low levels,” Chapman warned. “You can debate whether that’s going to hit, those really low levels, in two weeks or three weeks. Once you get to that point, then you’ll see price shoot up.”

…The IEA [International Energy Agency] warned earlier this month that inventories are being depleted at a record pace.

Well, let’s look at that article, also from CNBC:

Oil price spike turmoil far from over

Excerpt:

“More than ten weeks after the war in the Middle East began, mounting supply losses from the Strait of Hormuz are depleting global oil inventories at a record pace,” the IEA wrote. 

…“The petrochemical and aviation sectors are currently most affected, but higher prices, a weaker economic environment and demand-saving measures will increasingly impact fuel use. 

…“That this is the largest oil supply disruption in the history of the oil market is neither an exaggeration nor controversial,” Martijn Rats, commodities strategist at Morgan Stanley, told clients in a Monday note.

Don’t believe the propaganda that there is no oil problem in America, you are being lied to! Continue to prepare for general inflation and supply disruption. That means: STOCK UP NOW.

Cutting Through the Propaganda...

Mario Nawfal Interviews Chris Martenson

Here is a 13 minute video that explains the polycrises unfolding globally at this time. The USA is not immune to the results of it’s own actions in a war which probably does not meet the criteria for defensive attack taught by Holy Church. Furthermore, the USA and Israel had no right to visit such chaos and very potentially, famine, upon the world, due to lack of critical supply. Even furthermore, it is arguable that crimes against humanity/war crimes have been committed by America and Israel in Iran and Lebanon.

I am very impressed by this young man, Mario Nawfal, who has made a name for himself in alternative media. This is part of a longer interview with my friend Chris Martenson. Chris has been all over the alt media recently giving his expertise in economy and energy, which are precisely the issues before us.

The time is short. Act now to prepare, stocking up on supplies is most important right now…while things are still available and affordable…and while you still have the gas to get to the stores. A perfect storm is brewing of many things exploding at once. Do the math yourself, this isn’t rocket science. All the experts across the board are now saying the same things. The person on the street though, hasn’t seemed to have gotten the memo, BUT YOU HAVE!

…And don’t forget about our Preparedness Worksheet on the Home page:)

PS We are showing all the signs of a dying empire, we are at the end of a great historical cycle…

“The bigger they are, the harder they fall.”

“Pride cometh before a fall.”

Economic & Supply Concerns, Concisely Explained....

I have to say, this video is excellent. It shows a comprehensive view of where we are and where we may be going. Complete with informative pie charts, have a look (18 minutes, but you can stop at 15:30, well worth your time!)…

Joe Blogs ~ Panic Spreads

From the notes:

“In today’s video, we take a deep dive into the growing economic fallout from the ongoing war in Iran — and this time the warnings are coming directly from major global companies. Quarterly earnings reports and shareholder updates are now revealing the real-world impact of soaring oil prices, supply chain disruption, rising shipping costs, inflation pressures, and operational chaos across multiple industries.

Airlines, automotive firms, chemical companies, consumer brands, logistics businesses and tech companies are all now reporting financial damage linked to the crisis in the Middle East. With oil prices remaining above $100 and no clear resolution in sight, the risks to the global economy continue to grow.

The big question now is whether this escalating situation could push the world towards recession.”

Oil-Based Lubricant Supply: One of Many Issues Right Now

EXCELLENT ARTICLE From LinkedIn News (this is written from a business perspective, but is useful for anyone, in understanding what we are facing)…

“The shortages haven't arrived yet. But they're coming. Here's your realistic timeline and a seven-step playbook to stay ahead of the most significant lubricant supply disruption of the modern era.”

“Supply chains don't break overnight. They have buffers built into every stage, and those buffers take time to deplete. That's why you're probably still seeing relatively normal availability right now. But don't let that lull you into a false sense of security.

…Crude oil that was already on the water before the Strait closed is still arriving at refineries. Oil tankers move at incredibly slow speeds (you could keep up with one on a bicycle), so the last of those pre-disruption shipments won't reach the most distant refineries until late April.

…May through June (weeks 9-16): This is when the real pain begins. Blenders will start exhausting their pre-crisis inventory. Expect allocation and rationing of popular products.

…July through August (weeks 17-24): If the Strait remains closed, we will see genuine shortages of finished lubricant products. This is no longer a price problem. This is an availability problem…You can't run a mining operation without gear oil. You can't run a transport company without engine oil. You can't run a manufacturing plant without hydraulic oil.

…the lubricants industry is facing the most significant supply disruption of the modern era…the pain we went through during COVID in that 2020 to 2022 period is going to look relatively tame in comparison, especially if this conflict continues for another month or two.”

FULL ARTICLE INCLUDING VIDEOS

"These Consumer Goods Could be the First to Vanish...

…as Supply Shock Disrupts Asian Factories”

From Zero Hedge.

Excellent Must-Watch on Oil Flow From the Gulf: What is Coming!

The oil crisis explained

(short video)

It's Bite the Bullet Time, Ready or Not

“All economic activity requires WORK. All work requires ENERGY. By striking at the root of economic activity, a series of events has been placed in motion that will violently shake every economy.”

Chris Martenson, Peak Prosperity