Ras Laffen was bombed. Multiple years of repairs expected before it gets back to full capacity. For a ton of Americans their electric and heat depend on natural gas. Oil isn't the only factor.
Login to reply
Replies (1)
I totally agree with everything you just said. I’m in the oil business and Ras Laffen is one of the biggest GTL plants in the world. The impact on Nitrogen Fertilizer, Urea, Helium, Group 3 Lubricants is gigantic. Double digit % of world output in these 4 products alone.
I’m suggesting that the oil futures market is pricing in global depression. If you see March 2027 below December 2026 - that’s real bad. Add in AI job losses, the private credit bust that is just around the corner, and $40 trillion US debt all before the end of the year.
If your goal was to put 30% of the population on welfare this year and eliminate10% of the population in 5 years, this is exactly how you would do it.
Population reduction is the new green revolution.