Category Archives: News Related Post

Affordability, Not Scarcity, Is the Real Energy Crisis

Posted on August 5, 2026 by Gail Tverberg

With the recent closure of the Strait of Hormuz, many expect oil prices to spike and stay high. . . . Looking at energy data going back to 1820, low demand (affordability) has repeatedly produced financial crashes, wars, and collapses, we appear to be entering another such period. Continue reading →

Posted in Financial Implications, News Related Post | Tagged , , , | 968 Comments

Why Oil Shortages May Bring Lower Prices–and Recession

Posted on June 29, 2026 by Gail Tverberg

Rather than high prices, my major concerns are recession and the disappearing availability of goods and services that we rely on. This might be similar to the empty shelves that many stores experienced in 2020 and 2021. There may also be new government restrictions, intended to work around the reduced oil supply. Continue reading →

Posted in Financial Implications, News Related Post, oil shortages | Tagged , | 3,026 Comments

China and US Trade Talks: A Solution for Oil Shortages?

Posted on May 12, 2026 by Gail Tverberg

President Trump of the US and President Xi of China will be meeting in Beijing on May 14-15. This meeting would seem to be the perfect time to start reorganizing the world with shorter trade routes, so that the world economy uses less fuel for transportation. Continue reading →

Posted in Energy policy, News Related Post, Oil and Its Future, oil shortages | Tagged , , , | 3,235 Comments

Losing the Iran War May Be the Best Outcome for the World

Posted on April 2, 2026 by Gail Tverberg

At this point, the world economy needs to make a major transition in order to deal with the inadequate level of fuels available for long-distance transportation.
It is ironic that the world economy cannot make a change such as this without a war to focus our attention in this direction. Continue reading →

Posted in Energy policy, Financial Implications, News Related Post | Tagged , , | 3,760 Comments

Understanding Deglobalization: The Role of Diesel and Jet Fuel

Posted on February 2, 2026 by Gail Tverberg

While international trade grew as a percentage of GDP between the 1960s and 2008, it has been basically flat since then. Now the shortages of diesel and jet fuel are forcing the international trade percentage to start falling to a lower level. Continue reading →

Posted in Financial Implications, News Related Post | Tagged , | 1,446 Comments