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Comment by pengaru | Hacker News Reader

> Peak oil predicted this sort of thing, given whats also happening in the UK atm with petrol availability and natural gas prices, this is smelling more and more like the 70s only without an OPEC to bribe our way out of it.

There's a global pandemic disrupting everything, it's been in the news, maybe you've heard about it?

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not sure that explains why saudia basically halved oil production in 2019 or north sea oil peaking in 2004 and now all but at zero production.

Saudia Lying about their oil reserves seems a lot more plausible to me.

You're the only one talking about oil, I never said it explains anything related to oil. TFA makes absolutely no mention of oil, you're completely off the map.

The port of LA had a queue of container ships 40+ deep waiting at sea unable to unload for weeks ~a month ago. Are you going to say peak oil caused that too? It's not like those ships were out of fuel.

It mentions "lack of transportation issues" It doesn't specify the cause, you know what causes transportation issues in New Zealand? 5 year high oil prices and no sign of increasing production with north sea oil down from 10mn barrels a day to 1mn a day and Saudia oil production down from 20s to 10s.

Im saying the whole thing smells like an oil crisis.

But yeah, downvote me for thinking just maybe there is a lot more to this story than we are being told.

don't forget how the biden administration is kneecapping domestic oil production because of politics

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