For so many people, the closure of the Persian Gulf is an all-but-meaningless situation - until it hit THEM personally. Here is the reality as of today:
A reader of this website from Los Angeles, California sent me the photo above showing he bought 20.9 gallons of 91 Octane gasoline and it cost him $150. That's $7.15 per gallon !
Here's another photo he sent me from a station near West Pico Blvd, Los Angeles:
Bangladesh - Fuel rationing active. Universities closed. Military deployed in oil depots.
Sri Lanka - Fuel rationing active. 15 liter per week cap for private motorists. Four day school week. Scaled back public sector operations.
Slovenia - 50 liter per day cap on fuel for private drivers. 200 liters for businesses and farmers. Indefinite.
Philippines - National energy emergency declared. Four day working week in place.
Pakistan - Four day work weeks and school closures still in effect.
Myanmar - Alternating driving days imposed.
Thailand - Diesel price cap imposed. Government officials told to work from home and limit travel. Fuel exports banned except to Cambodia and Laos.
Vietnam - Tapping fuel price stabilization fund. Officials encouraged to work from home and limit travel.
Kenya - Rationing by major fuel suppliers ongoing. Rural areas already running out.
Egypt - Fuel and electricity rationing active. Malls, restaurants and retailers shutting at 9pm. Illuminated billboards switched off. Government buildings closing at 6pm.
India - Government phasing out LPG cylinders for households with access to piped gas to prioritize supply.
China - Export ban on diesel, gasoline, and aviation fuel, until at least end of March.
South Korea - Fuel price cap imposed. First in 30 years. Voluntary fuel conservation measures in place.
Japan - Refiners requesting government release of stockpiled oil. 95% of crude imported from Gulf states.
Spain - €5 billion emergency package. Tax reductions on electricity and gas. Subsidies for transport operators and farmers.
Germany - BASF raising prices on goods by up to 30%.
USA - Alaskan Farmers Report all fuels being RATIONED (Story Here)
What could be coming
UK - Ministers could activate contingency powers to introduce fuel rationing at petrol stations. 80% of UK goods travel by road. IEA has advised considering carpooling and working from home to save fuel.
EU - Emergency measures under discussion. Storage across many member states below 30%.
Shell's CEO warned Europe could face fuel rationing starting in April (Two days from now) if the Strait stays closed.
G-7 -- finance ministers, energy ministers and central bank governors met in Paris today and issued a joint statement saying they stand ready to take "all necessary measures" to preserve stability in energy markets.
None of these restrictions have been easing. In several countries they are only getting worse.
Hal Turner Reminder:
Folks, for weeks, I have been warning you to stock up on food, water, medicines you need to live on, because this stoppage of oil flow from the Persian Gulf will adversely affect
E V E R Y T H I N G.
There really are no words to adequately describe the magnitude of the trouble coming at all of us. Food shortages from no fertilizer.
Price increases which will, in __MANY__ cases, make it impossible for people to afford food!
Think about it: what few crops are harvested will be so expensive from scarcity and the fertilizer cost, PLUS the trucking diesel fuel cost to bring that food to market, that people will find themselves unable to EAT.
Food riots. Thefts. Social chaos.
Even if this entire Iran conflict is resolved TODAY, it will be WEEKS before oil even begins shipping again, and WEEKS MORE until it arrives. So prices won't budge downward.
Worse, even if fertilizer begins shipping, the planting season is already happening. Those crops will yield what they yield and not more, for the first Harvest of the season. In fact, the first harvest, might be the last this year.
Scarcity will continue until the second harvest . . . . if there is even a second harvest because no fertilizer was put down in the Spring.
It's tough to even wrap your head around the magnitude of this trouble.
Meanwhile, the typical, average, American is going about his business blissfully unaware of the horrifying reality now approaching.
I'm telling you: BUY EXTRA FOOD. NOW. While you can still get it.
