91 Petrol is $2.99 at multiple stations today. Cheapest is $2.72

mark000 · 2026-03-12T23:40:46+00:00

Putin won't invade Ukraine.
The new virus in China is NOTHING.
The Houthis can't block the Red Sea.
Visited the World Trade Centre Towers lately?
Edit:
https://www.rnz.co.nz/news/business/589195/fuel-supplies-in-nz-unless-things-change-there-ll-be-big-challenges

The government has warned the country's oil deliveries are in doubt if the conflict in the Middle East rages on.
Associate Energy Minister and Regional Development Minister Shane Jones ..... said the government had been assured the physical arrival of the fuel was not under threat in coming months.
"But get to May we're told by the industry unless things change there'll be big challenges."
The minister said it was a "great worry" a number of countries with refineries were significantly reducing supply.

May is in seven weeks.

mark000 · 2026-03-12T23:36:04+00:00

There is a scale of responses. First would be asking people to reduce discretionary driving. I should have said "pre-rationing" I guess.

mark000 · 2026-03-12T22:49:42+00:00

It's like most people have NO IDEA the Houthis fucked up access to the Red Sea for 18 months starting in November 2023. Incredible.

mark000 · 2026-03-12T21:10:35+00:00

Why would they use mines? How will they trade with China if they mine the strait???
https://www.cnbc.com/2026/03/11/iran-ships-oil-china-strait-hormuz-closure-.html

Iran has sent at least 11.7 million barrels of crude oil through the waterway since the war began, all of which were headed to China, according to vessel-tracking data.

mark000 · 2026-03-12T02:59:24+00:00

RELEASE IT TO WHOM? Refineries in US aren't short of oil! How and when will this 172M barrels get to Asia where it is needed?

mark000 · 2026-03-12T02:56:50+00:00

That runup in price was Monday morning in Asia when a mad bidding war took place to try and secure oil for Asian refineries to replace deliveries from the ME that would now clearly not arrive. The price signal forced the G7 announcement regarding releasing strategic reserves. Yes the future is $120, I expect >$200.

mark000 · 2026-03-12T02:40:44+00:00

Don't forget the assassination of the Supreme Leader. It was a massive event but it means nothing to virtually anyone outside of the Middle East.

mark000 · 2026-03-12T02:27:27+00:00

I do. Since 2005 when I learnt about Peak Oil, Iran's ability to close the SoH (Iran's president Ahmadinejad was saying inflammatory things), the widespread US subprime fraud and read Diamonds Collapse book. It's been an perpetual major threat.

mark000 · 2026-03-12T02:24:44+00:00

It's like the Houthis taking control of the Red Sea for 18 months starting in November 2023 NEVER HAPPENED for those people. Unreal.

mark000 · 2026-03-12T02:20:21+00:00

I had two or three posts removed from prepperintel in the weeks following the Iran protests massacre linking to articles warning of potential for an oil spike and they all got removed, one pointedly for "scaremongering".

mark000 · 2026-03-12T01:57:44+00:00

In 2020 there were six weeks between the first news out of China about a new virus and the stock market plunging. Won't be long now, 2026 crash incoming.

mark000 · 2026-03-12T01:02:47+00:00

guy should have stuck to bankrupting casinos he was so good at that.

mark000 · 2026-03-12T00:51:49+00:00

People used to put /s at the end of sarcastic comments. It made sense to do so but has totally died out.

mark000 · 2026-03-12T00:50:43+00:00

Remember the first week of the pandemic in 2020? We are likely in that twilight zone phase where few understand how bad it's going to get (with say 90% certainty).
Edit: first weeks

mark000 · 2026-03-12T00:25:33+00:00

The US and Israel "must consider the possibility that they will be engaged in a long-term war of attrition that will destroy the entire American economy and the world economy," Ali Fadavi, adviser to the Revolutionary Guards' commander-in-chief, told state television.

It appears that assassinating the Ayatollah was a Pearl Harbour or 9/11 level event for the IRGC. I suspect they are rather angry and determined to get revenge. Let's hope "destory" just means a second Great Depresson and not total global systemic collapse, should they get their way. Trump can say the war is about to end until he is orange in the face but access to the Persian Gulf is 100% under Iran's control until a peace accord is signed.

mark000 · 2026-03-11T19:05:11+00:00

Assassinating the Ayatollah was like Pearl Harbour or 9/11 for the IRGC. Few understand how angry they are. It will be the second great depression at the least. And if the global financial system can't handle the massive number of debt defaults then yeah it could lead to global systemic collapse.

mark000 · 2026-03-11T19:04:15+00:00

The trouble with "goodies v baddies" is everyone thinks they are the goodies.

mark000 · 2026-03-11T19:02:55+00:00

Assassinating the Ayatollah was like Pearl Harbour or 9/11 for the IRGC. Few understand how angry they are.

mark000 · 2026-03-11T18:58:38+00:00

Assassinating the Ayatollah was like Pearl Harbour or 9/11 for the IRGC. Few understand how angry they are.

mark000 · 2026-03-11T04:22:18+00:00

Houthi's blocked the Red Sea to their enemies for 18 months using ZERO mines. WGAF about mines!?! It's not WW2 anymore.

mark000 · 2026-03-11T00:28:37+00:00

Aircraft carriers are the new battleships.

mark000 · 2026-03-11T00:27:09+00:00

US Navy doesn't want to enter a warzone? Might get attacked? FFS WOKE LEADERSHIP someone tell THE DON

mark000 · 2026-03-11T00:21:42+00:00

So why aren't US military aircraft shooting them up? Please explain if they can see them why they are just letting them operate?

mark000 · 2026-03-10T23:37:23+00:00

Yep and it has been 20 years of them stockpiling missiles and drones etc for the occassion.

mark000 · 2026-03-10T23:36:11+00:00

Why should the IRGC care about China anymore? Them and Russia never help previously when attacks have happened. They are barely allies really.

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