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SamuelTheThird

(1,070 posts)
Fri Mar 20, 2026, 11:12 AM 14 hrs ago

'Greatest global energy security threat in history,'

Restoring oil and gas flows from the Gulf may take six months, International Energy Agency Executive Director Fatih Birol said in an interview with the Financial Times.

He added that both politicians and markets are underestimating the scale of the disruption, which he sees as the "greatest global energy security threat in history,” with about one-fifth of global oil and gas supplies stranded in the region.

(Bloomberg)

6 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
'Greatest global energy security threat in history,' (Original Post) SamuelTheThird 14 hrs ago OP
$5+ gallon gas is coming Johnny2X2X 14 hrs ago #1
Maybe more than that. We haven't even seen the end of this. flying_wahini 14 hrs ago #2
Mid-terms Johnny2X2X 14 hrs ago #3
I've been paying $5-plus for years. maxsolomon 12 hrs ago #6
The fascists are trying to whistle past the graveyard and moniss 13 hrs ago #4
We are in some serious shit SamuelTheThird 12 hrs ago #5

Johnny2X2X

(24,149 posts)
1. $5+ gallon gas is coming
Fri Mar 20, 2026, 11:16 AM
14 hrs ago

And in most cases, gas prices have little to do with the President, but in this case, he is 100% responsible for this.

Trump and his crew of amateurs are breaking things that they know nothing about.

Johnny2X2X

(24,149 posts)
3. Mid-terms
Fri Mar 20, 2026, 11:22 AM
14 hrs ago

The know nothings know nothing about what they are doing, as usual.

Trump is being told that prices will ease quickly, this expert says differently. Even if things stopped today, we're talking elevated prices for several months. Absolute calamity for the American consumer.

If the prices at the pump is $6 a gallon during campaign season, Republicans might not even campaign, they might hide out.

maxsolomon

(38,635 posts)
6. I've been paying $5-plus for years.
Fri Mar 20, 2026, 01:32 PM
12 hrs ago

It's likely to go over $6 here. Seattle has extremely high prices plus extremely high taxes.

moniss

(9,026 posts)
4. The fascists are trying to whistle past the graveyard and
Fri Mar 20, 2026, 12:21 PM
13 hrs ago

they are being assisted by a more or less compliant media. It is obvious that releases from petroleum reserves are a very short term solution of a matter of days not months. The mention of fertilizer impact is fairly brief and here today and then they move it to the "been there done that" file.

The media also does a horrendous job of explaining that the problems caused by the misbegotten war on Iran can be one of price and availability or just price. US transportation fuels for example are not a supply issue but they are a price issue. Fertilizer will be both. For Asian countries, for example, transportation fuels are both a supply and price problem.

But the media just latches on to what is the easy metric for storytelling which is price. As always these days with the vast majority of media we don't get depth, nuance or context.

SamuelTheThird

(1,070 posts)
5. We are in some serious shit
Fri Mar 20, 2026, 01:30 PM
12 hrs ago

And yes a lot of the media is not sketching out the dire probabilities

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