@Ninohartje@GBNEWS Correct a common market not run by the state will be a very successful trading solution and Europe we already have great values and shared similar rules. We don’t need the EU to dictate to some already amazing nations.
Sounds like an amazing plan! NOT! An abrupt, complete halt to all oil production would trigger a rapid, cascading global collapse of transportation, industry, food systems, and economies—far more severe than any historical oil shock. Oil underpins roughly 30% of global primary energy and is irreplaceable at scale for many critical uses on short timescales.
Global consumption runs at about 100–105 million barrels per day (mb/d) in recent 2026 assessments (varying slightly by IEA, OPEC, and EIA estimates amid ongoing supply disruptions).
Uses of oil
•Transportation dominates: ~60–65% of oil products, including road fuels (~45–50%), aviation (~8%), and marine bunkers. Nearly all global transport (cars, trucks, ships, planes) relies on oil-derived fuels; electrification and alternatives cover only a small fraction of the fleet and cannot scale overnight.
•Non-energy uses (petrochemicals): ~15–20%, mainly feedstock for plastics, synthetic fibers, solvents, pharmaceuticals, fertilizers/pesticides precursors, lubricants, asphalt, and countless materials. Plastics alone are embedded in packaging, medical devices, electronics, vehicles, and infrastructure.
•Industry, heating, and power: The rest—process heat, residential/commercial heating in some regions, and limited electricity generation (especially in oil-dependent countries or for backups).
Existing inventories (commercial + strategic + floating) total several billion barrels globally—OECD commercial stocks alone are around 2.7 billion barrels (roughly 50–60 days of OECD cover under normal conditions), with global strategic stocks estimated near 2.5 billion barrels at end-2025 and total observed inventories higher (on the order of 7–8+ billion in some assessments). However, only a fraction is readily accessible without disrupting operations (pipeline fills, minimum tank levels, refining constraints). Under zero new supply, usable stocks might stretch weeks to a few months with severe rationing, prioritization (military/essential services), and drawdowns—but panic, hoarding, distribution failures, and refinery shutdowns would cause shortages much sooner.
Cascading impacts
Days to weeks:
•Fuel rationing or exhaustion for road transport, aviation, and shipping. Logistics freeze: food, medicine, and goods stop moving. Ports and airports idle. Personal mobility collapses outside limited EV or non-motorized options.
•Prices would spike toward infinity in free markets (or black markets emerge under controls). Refineries begin shutting as crude runs out.
•Backup generators and some power systems fail where oil-dependent.
Weeks to months:
•Supply chains disintegrate. Just-in-time manufacturing and retail empty. Agricultural output plummets without diesel for tractors, harvesters, and transport, plus disruptions to petrochemical-based inputs. Food shortages and price spikes hit hard, especially in import-dependent regions.
•Petrochemical halt: plastic packaging, medical supplies (syringes, PPE, sterile materials), tires, and industrial chemicals become scarce. Construction, electronics, and consumer goods production stall.
•Economic freefall: massive GDP contraction, unemployment, financial market chaos, and trade collapse. Oil-exporting economies (e.g., major Middle East producers, Russia) face immediate fiscal crises as revenues vanish.
•Social and political strain: unrest, potential resource conflicts over remaining stocks, migration pressures, and breakdown of services in vulnerable areas. Historical oil shocks (1970s, 2020s disruptions) caused recessions; a total stop would be orders of magnitude worse.
Longer term:
•Living standards drop sharply toward pre-industrial or early-20th-century constraints in many domains, though unevenly (regions with more renewables, nuclear, gas, coal, or domestic resources fare relatively better). Population support at current levels depends on high-energy, oil-enabled systems—widespread hardship, including famine risk.
They can and do afford it but reduce the workforce to compensate and expect more out of the employees it’s the only way they can with rising costs. You say it’s ok they struggle so small independent business owners struggling and closing their businesses is the right way forward for the future creating less jobs and opportunities not very bright for a doctor maybe go back to University and get a degree in something relevant rather than something useless
@BobKanDo@SkyNews The unredacted files were leaked maybe spend time going through them while you are sat in your gimp suit in your apartment on your own in Scotland with a tin hat on. Mork calling Orson Nanoo Nannoo plantpot.