Oil & Gas - Energy - Commodities - Resources (OILBRENT)

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»» The Crisis in Energy ««
By: Martin Armstrong | September 30, 2021

I highly recommend that readers stockpile food, and if possible, try to connect solar panels. I believe that world leaders cannot be this STUPID. These lockdowns and restrictions have shrunk the world economy drastically. In the USA, they keep unemployment benefits with bonuses so high that unemployment is high yet you see signs everywhere - help wanted. Even a company that cut lawns has shut down simply saying they can no longer get help.

As of the start of September, there were some 40 container ships belonging to various companies anchored off the coast of California, waiting for a berth. By the end of this month, the number has skyrocketed to 73. Many vessels have been sitting for two to three weeks unable to unload. This has driven prices of everything up sharply and while Biden is punishing companies for not vaccinating, the economy is imploding.

Reports from our sources in China say that their energy companies have been directed from central command to begin stockpiling energy. Even China is now preparing for rolling blackouts. The same will hit many places from states like California to the EU where they are pleading with Russia now to increase the supply of gas.



As I have said before, the low was in place. The question is, do these people realize that they have to push crude oil to insane levels to make alternative energies practical? The reduction in gas and coal is likely to increase the death toll this winter among the elderly for without heat when this winter should be colder will contribute back against the politicians whose Global Warming scenarios will not win the day.

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