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How bad do you think the oil shock will be? (lemmy.zip)

submitted 18 hours ago by iocase@lemmy.zip to c/asklemmy@lemmy.world

9 comments fedilink hide all child comments

Apologies if this has been asked to death already and i haven't seen it. I'm also not trying to be too much of a downer but it's kind of unprecedented.

I'm wondering what you think it'll do to you personally? I think we're just getting started and haven't experienced the full shock yet. Inventories are still being burned down and even if the strait opened tomorrow no oil would flow for 8 months since you need to demine it and line up passages of tankers.

My biggest worry is over fertillizer. The strait closed right at planting season for the northern hemisphere stranding like ⅓ of the world's ammonium nitrate. Farmers in rich nations buy it in advance and have it staged for spring, so I'm unsure how the rest of the world does it or how bad that's going to be...

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[–] remon@ani.social 5 points 17 hours ago

I'd say not optimal. It might even slightly inconvenience me.