"Oil Supply Crisis Won't End Quickly"
Summarizing the dire warnings from Geologist and Oil Industry Veteran Art Berman
Guest post by Kevin Unz
Q: Who has one hour to sift through technical glitches and dire warnings about the global shortfall of oil from a grumpy geologist and oil veteran?
A: Not you
That’s why I’ve got your back with a bullet point summary.
How did we get here?
On Ron Unz’s American Pravda: Looming Market Crash, Ron Unz linked this hour long video.
I plowed through it last night and wish to summarize it into easy to digest bullet points as a service to you.
Our host is Lt. Col Daniel Davis
4x Combat Veteran
Unintimidated + Uncompromised In-depth analysis of War, Nat'l Security, Politics & foreign policy. We take you beyond the headlines & issues shaping our world w/expert commentary and analysis
Translation: Probably a Spook Narrator falling into the category of Whistleblower turned Troubadour in SH.speak.
This is a common character in the information rollout Mockingbird Network of USA/Israel “ex-blah blah” here to give you the scoop with an “inside” perspective.
I’m already getting the Scott Ritter vibe of dire warnings and USA botching shit but let’s plow ahead and see if our Cassandra guest is correct.
(My sinister sense is that Cassandra Berman is probably accurate and it is not DoltTrump Botching Shit as much as PLANNED CRASH OF ECONOMY to tank Edom.)
Our guest is Art Berman.
Berman states that he is a fifty year veteran of the oil industry.
We begin with some clips of Fox Jewish News and Jewish President Donald J. Trump saying that Don’t stress, Americareal, USI is energy independent.
Gas prices have not risen as much as they should have since the Strait of Hormuz has now been effectively closed for three months.
We are running on fumes, pardon the expression, with stockpiled oil, but this is soon to end, says our host and guest.
Writes Unz:
Roughly 20% of global oil shipments passed through the Strait, so if it remained closed, there were widespread expectations that world oil prices would quickly skyrocket to $150 or even $200 a barrel, thereby putting tremendous economic pressure on President Donald Trump and his government to end the conflict.
Art Berman wastes no time saying that Donald Trump is full of shit about America’s energy independence.
See there is this thing called light oil and heavy oil like there is 3.2 near beer and there is 100-proof Jack Daniels.
The United States produces a light oil.
It is good for many things but not good for producing diesel or jet fuel or kerosene.
The United States still must import certain types of oil to meet our various oil needs, since different types of oil work for different types of functions.
We import more oil per day than all of Europe even uses in a day, says Berman.
Each type of oil has its place but since we need the heavy shit to do stuff like make diesel and the global economy runs on diesel, we still have to import the heavy oil. US oil is not very good for making diesel.
Per Berman:
The world runs on diesel. Shipping, trains, trucks run on diesel.
Mining, extraction runs on diesel.
Diesel is the hemoglobin of the global economy.
Congress and company are using semantics and accounting tricks games to say that the US is energy independent.
Not so.
The US exports about 4m barrels a day and imports 6.5m barrels a day.
We are a net importer of crude oil.
3/4 of our oil imported comes from Kanada. Kanada produces a heavy oil. (Jack Daniels analogy).
Venezuela oil is also heavy, so between the three nations, the oil needs are well matched. (This is almost certainly related to Trump’s North American tech-nate plans to draft Kanada as 51st state. No way did Trump come up with this, says me.)
The heavy oil from Kanada and Venezuela have different refinery needs. Completely different complicated processes involving adding hydrogen to the carbon and science-y stuff.
“We’ve got more oil than anyone else.” Said Jewish Vassal President Trump.
“Patently untrue.” Says Berman.
“The US and Venezuela have 64% of the oil in the world.”
“Preposterously untrue.” Says Berman
Berman says the United States is very blessed to have lots of natural resources, including water. However roughly 10% of our (necessary strains of) oil comes from the Persian Gulf.
The next giant problem is that in a globalized economy, nobody is immune from shortages of oil elsewhere in the world.
If the United States functioned as an economic island, perhaps oil shortages all over the world would not affect us. But the United States is dependent on trade with other prosperous nations to fuel our own economy. Prosperity depends on plentiful oil all over the world.
That is not the case.
For example, if your economy runs on trade with other nations, and your other nation trading partners are hurting, so are you now. They will not be able to purchase your products.
Berman says the Gulf states like Saudi Arabia may be 80% dependent on oil trade and they are not making money now. This is a problem!
Berman goes into the logistics of oil tankers and moving oil around.
Even under the most fantasy positive scenario of Peace with Iran and the Strait opening, it will take several months to get oil moving and that is after insurance is cleared and the Strait is swept for mines.
There are also bombed out processing plants that will have to be repaired.
Berman asks what all the unknown tanker crews in the Strait are even eating right now, suggesting that there is a humanitarian crisis in the Strait.
And whether oil tanker companies will want to go back into this heavily geo politicized zone.
Davis then runs another clip from Fox Jewish News concerning this claim by White House National Energy Commission Director Kevin Hassett.
“Absolute, complete nonsense,” says Berman.
“Oil is never going to go to $80 again.” (monthly average)
Berman starts swinging for the fences.
“We are never getting the Strait of Hormuz open again. End of discussion. It’s just not happening.”
Berman says that the Trump Jew War has given Iran a gift.
Iran now knows it can control the Strait and use it as a lever to hold up the world economy.
Narrator: If Berman is correct, then I have a hard time not funneling this into another GLOBAL COLLUSION strategy to force the useless eaters of the world to accept a One World Governement.
Thank you for reading.
The video is good, although I am leery of drastic claims by ex-military shows.
File it away and let’s see what happens.
I just can’t help but look for Creative Grimy Fingerprints using bombastic jackasses like Trump as puppets to Botch Back Better and then swoop in with consolidated Global Governance Solutions.
Just saw this:
Cenk Uygur
13m
TYT Network
The war has restarted. US hit Qeshm Island in the Strait of Hormuz. Iran hit Kuwait, Bahrain and Iraq. If both sides don't stop soon, disaster will ensue. And this time, we're going to hit the motherlode of disasters. Buckle up, brace for impact. Economic catastrophe incoming.
First wave soon to starve... diesel is not coming down... food on shelves soon to dwindle... *maybe good thing its all poisoned anyways* either or, crime will increase as desperation grows...
The personal savings rate has plummeted to a dangerously low 2.6%. Nearly 40% of Americans have less than \(\$500\) in cash savings, and up to one-third have no emergency fund at all. Gas and inflation pressures are forcing a growing number of people to raid their remaining reserves just for everyday transportation.