GOVERNMENTS ‘FIDDLE’ AS OIL SUPPLY BURNS

The world’s oil supply is under siege on all sides.

Not only has the market lost 3 million barrels a day of Russian oil due to sanctions, we have seen a string of fires, explosions, supply breakdowns and strikes take out oil refineries worldwide.

On Monday, South Africa declared a ‘force majeure’ at Naref, its last working oil refinery, due to ‘delivery delays.  That means SA’s whole refinery fleet is out of action.

In, Libya, oil production has collapsed from 1.2 million barrels a day to 100,000 barrels, while in the US, Executive Orders have closed the Keystone Pipeline and major fields off the Gulf of Mexico and Alaska Inlet.

Biden is now desperately releasing a million barrels a day from America’s strategic oil reserve, which fell to its lowest level since 1985 this week.

Nearly 1 million bpd of oil refining capacity has been lost in the US since 2020, with five refineries shut down and more closures planned.

Chevron’s CEO told Bloomberg recently: ‘there will never be another new refinery built on US soil’.

In Australia, Chevron announced the closure of WA’s largest oil field by 2025.  This follows the closure of two refineries and dozens of offshore oil fields including shutdowns at the Curtis Island project in Gladstone.

New Zealand protestors, meanwhile, have been camped at Bream Bay for 100 days calling on the government to reopen NZ’s sole oil refinery at Marsden Point.

The whole world, meanwhile, has stopped investing in oil.

Today, there are just 507 oil fields producing more than 500,000 bpd. Most are 50+ years old with 60 percent decline rates.

Replacing these fields will take years and trillions of dollars but despite the surging demand and exploding price, there is no sign anywhere of governments preparing to invest in exploration.

Oil investment peaked in 2015 at a trillion dollars, falling to 583 billion in 2016.

Funny that.

2015 was the year governments worldwide signed on to Agenda 2030 and its 17 Sustainable Development Goals?

What are the odds that hundreds of billions of oil investment were then cancelled or postponed?

Without oil, the world would grind to a halt.

Factories would stop running, Ships, trucks, cars, tractors and airplanes would all sputter to a standstill and rust.

It is the indispensable energy that powers everything from industry, agriculture, transportation and construction.

So where are the oil ‘resilience plans’ or ‘emergency preparedness strategies’?

There aren’t any.

We don’t even have the baseline analysis needed to prepare such a thing.

The one bright spot is that people are finally waking up to the fact that ‘green tech’ won’t save them.

The ‘Green New Deal’ is NOT working.

Just ask all those Germans madly chopping firewood to prepare for winter!

THE WORLDWIDE ASSAULT ON TRADITIONAL FARMING AND AGRICULTURE HAS OFFICIALLY BEGUN!

I hope all Queensland farmers are taking note of what is going on in The Netherlands right now.

For days there has been a complete mainstream media blackout on the story, but finally news of the extraordinary revolt by Dutch farmers over the country’s new ‘Net Zero’ farming laws emerged yesterday.

The new regulations aims at slashing nitrogen oxide emissions 50 to 95 percent, depending on the province, by 2030.

To comply with the new limits, Dutch farmers will be forced to cull (kill) 30 per cent of their livestock.

An estimated 5,000 farms will be wiped out immediately, especially those near Holland’s ‘protected areas’, where the levels have been reduced a staggering 95 percent.

“The honest message … is that not all farmers can continue their business,” the Dutch Government said smugly when announcing the new laws.

This is beyond stupidity.

The idea that Dutch farmers are producing so much nitrogen, a gas that has NO EFFECT on global climate, that a third of the country’s farms must be shut down is absolutely insane.

So insane, in fact, that fifty thousand tractor-driving, furious Dutch farmers have brought the country to its knees over it.

It’s now impossible to cross the border with Germany because farmers, truckers and other allied workers have blocked all the highways with tractors, trucks, mounds of manure and hay bales.

Giant tractor chains, meanwhile, are blocking access to the country’s 20 food distribution centres, while fishermen, sympathetic to the protest, have blocked most of its ports.

The Dutch media are of course trying to paint the farmers as “far right-wing extremists” and “domestic terrorists”, but so far their words are falling on deaf ears.

The Dutch people are backing the farmers and their protest to the hilt!

The farmers say they have blocked highways, ports and supermarket distribution centres, to make the point that without farmers, no one eats.

They aren’t kidding either.

The Netherlands is the world’s second biggest agricultural exporter in the world and the largest meat exporter in Europe.

That means ALL of Europe will suffer.  Food shortages alone will be crippling.

Any Australian who thinks this doesn’t affect them are in for a shock when similar measures are imposed here – and believe me, they will be!

Too many people have allowed their heads to be filled with green fairy tales when it comes to this “transition” to ‘net zero’.

Most have no idea of the enormous costs and pain involved.

At a bare minimum, it is going to mean less farms, less livestock and a lot less food!