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Oil Executives Say the Great Fuel Crisis Is Here
- chzblck 1mo ago[flagged]
- kelseyfrog 1mo agoWhat is not wet. Water makes things wet.
- JumpCrisscross 1mo agoNow I'm fascinated by this... A single molecule of water isn't wet. But wouldn't it be correct to say that a collection of them are? They're "wetting" each other...
- Animats 1mo agoDiesel fuel at US$8.49 a gallon today. (Redwood City, California.)
- grugagag 1mo agoWow, that climbed quite fast. But I guess it could keep on climbing if there's very little supply...
- david38 1mo agoYup. And my only car is a Ram 2500 crew cab with 6.7L Cummins diesel. I live in the east bay and my trips to the ocean and Tahoe have dropped to zero.
- nezi 1mo agoBuy a guzzler get guzzled I guess?
- Founderarcstone 1mo agowow how long for it to hit $10+
- toomuchtodo 1mo agoCalifornia Gas Station With $9.99 Diesel Exemplifies Fuel Crisis - https://www.bloomberg.com/news/articles/2026-09-12/california-gas-station-with-9-99-diesel-exemplifies-fuel-crisis https://www.bloomberg.com/news/articles/2026-09-12/californi... | https://archive.today/pLz0v https://archive.today/pLz0v - September 12th, 2026 US Sees Diesel Stocks Falling to 2003 Low Ahead of Peak Demand - https://www.bloomberg.com/news/articles/2026-09-09/us-sees-diesel-stocks-falling-to-2003-low-ahead-of-peak-demand https://www.bloomberg.com/news/articles/2026-09-09/us-sees-d... | https://archive.today/Dmnid https://archive.today/Dmnid - September 9th, 2026
- anukin 1mo agoThat’s cos of California. It used to hit 7 couple of years back as well.
- NamTaf 1mo agoStill cheaper than London, at £1.89/L E10 petrol is £1.64/L, for ref.
- tonyedgecombe 1mo agoIn case anybody wondered that is $9.65 per US gallon.
- nezi 1mo agoThe city with no redwoods?
- fy20 1mo agoThat's around €1.96 per litre. Still cheaper than Europe
- deleted 1mo ago[deleted]
- ameen 1mo agoIf there isn’t an apt response in the midterms, we’re far beyond the point of return.
- infecto 1mo agoI would not be shocked if nothing happens and pleasantly surprised if something does.
- jimt1234 1mo ago[flagged]
- 3eb7988a1663 1mo agoRight after you get that DOGE check.
- smackeyacky 1mo agoThere is no apt response other than for the over 50% of Americans who voted in favour of their current situation to all suddenly change their minds about gay frogs and space lasers and stolen elections. I can’t see it happening.
- mudil 1mo agoHouthis seized Bob-el Mandeb Strait. Even Saudis couldn't have stopped them. That's not particularly American election issue. Ukrainian attacks on Russian oil refineries. That's not particularly American election issue.
- LPisGood 1mo agoIs it not clear that American election issues are directly related to those things?
- Morromist 1mo agoUh... and Iran and the Straight of Hormuz?? Did you forget to mention that? Is that an election issue? And who funds the Houthis? And why would they want to close the straight to us? Is it something to do with supporting Israel? No? Ok.
- jimt1234 1mo agoMelvin from Office Space: I was told that gas prices would fall below $2/gallon.
- dabinat 1mo agoI’m guessing their solution is for us to be even more dependent upon oil? The issue here is that we based our entire economy around a substance that is incredibly price-volatile, run by a cartel, and is plentiful mostly in places that are unstable or hostile to us. I think it’s crazy that we’ve completely normalized the idea that fuel needs to have prices listed outside a gas station because it changes so frequently. Imagine if supermarkets had to list the price of a loaf of bread outside because it kept changing so often. And it’s really our own fault (or at least the fault of politicians bought by oil companies) because the dangers of oil dependence were obvious at least back in the 70s.
- oatmeal1 1mo agoBraess's/Pigou's Paradox that more car lanes cause more traffic was found in the 1920's. We massively overbuilt for the car regardless and keep getting worse traffic to this day.
- kadoban 1mo ago> Braess's/Pigou's Paradox that more car lanes cause more traffic was found in the 1920's. The paradox is that it _can_ cause worse traffic, not that it always does. American cities are built like shit for transport, but it's not as simple as "roads too big, therefore traffic". Sprawl is a much bigger (and more difficult to do ~anything about) issue.
- Eddy_Viscosity2 1mo agoThere is a strong interdependency between sprawl, big roads, and traffic. They are not separate problems.
- bgexhtach 1mo agoFaster CPUs cause people to run larger programs. Egad! Nobody needs more than 100 MHz! Ban FLOP inflation now before Big Silicon makes us burn any more electricity.
- trueno 1mo agopaywalled in this economy, rek. someone hit me with the synopsis
- bobtheborg 1mo agomaybe this? https://wixx.com/2026/09/11/chevron-ceo-says-depleted-crude-oil-buffers-could-lead-to-higher-prices/ https://wixx.com/2026/09/11/chevron-ceo-says-depleted-crude-...
- deleted 1mo ago[deleted]
- jcranmer 1mo agoI can't read the article either, but my understanding of the various factors is this: * Houthis have taken control of all of the Yemeni coastline along the Bab-el-Mandeb Strait (and an island in the middle of it), which gives them the ability to effectively interdict trade through the Red Sea and the Suez Canal, just as Iran has shut down the Strait of Hormuz. * Not that it matters that much, because the Saudi pipeline that lets it export crude via Yanbu, in the Red Sea, has been disabled, and current estimates suggest that the recovery time is in weeks-to-months. That's about 4-5mbpd of crude oil that's down for the near feature, or about 4% of global crude oil production. * Now that the summer driving season is over, US refineries are starting to switch from summer blends to winter blends, and this is one of the periods that refineries go down for maintenance. So US refinery capacity is down. * The supply shock has been mitigated for the past several months by drawing down reserves (note that reserves were relatively high when the war started). This includes both national strategic petroleum reserves, but also corporate reserves (e.g., tanks on-site at refineries). It seems some of these reserves are starting to hit effective 0. * On top of this, Trump is making it more and more clear that he has no intention of actually doing anything to end to the crisis. For example, he's effectively said that he's not going to do anything before the midterm elections, two months away. Which means the market optimism that the war is going to be over, like, tomorrow is fading.
- hyperhello 1mo agoHow much land, time, and money, per citizen, would it take to put down enough solar cells to generate each person's basic electrical supply? Is it less than $5K?
- zeofig 1mo agoIt's $(a lot) because only a tiny fraction of the population can live without goods delivered and produced by diesel fuel.
- saturn8601 1mo agoYou are assuming the supply of diesel goes to 0. Instead there is a reduction, not elimination and as a result, demand destruction will happen in the US just as its been happening for months outside the US. (This is partially what allowed us to avoid a crisis in March) Trucks will stop delivering trash (ex. China dollar store crap, lower margin non food items and a billion other nonessential items). Food prices go up, people will do without less desserts or fancy foods but enough deliveries continue with the fuel saved that no one starves. Now imagine if we replaced only 10% of diesel trucks with electric. Hell just focus on the short haul trucks. That unburned diesel could have helped buffer the remaining fleet.
- lazide 1mo agoonly a tiny portion of per-individual energy needs are currently electric. roughly guess, 10% or less. diesel is widely used for things like shipping and other supply chain stuff, so expect knock-on price impacts.
- saturn8601 1mo agoSuch a shame the US didn't switch at least some of the fleet to electric years ago when it had a chance. Total stupidity. Even to this day my local MAGA town balks at solar panels and just laughs at people who install them. Reality will smack them in the face sooner or later. Right now they are blaming the democratic governor because they only provided a tiny bill credit to citizens to help reduce rates but totally ignoring how the Republican promised nothing.
- ggm 1mo agoNote that this in no way means the end of oil in the ground or being extracted. "Peak" never meant The Erlich-Simons "we've run out"
- psychoslave 1mo agoCivilisations will end before all oils underground is completely extracted, obviously. Because the harder to extract will remain were it stands, and civilisations will turn attention to other forms of energy.
- treebeard901 1mo agoIt's all fracked up
- alhaja 1mo agohttps://archive.ph/LmuUa https://archive.ph/LmuUa
- timbit42 1mo agoStill paywalled.
- andrewflnr 1mo agoHuh. Readable for me.
- lapkaaaa 1mo agoBut d-daddy Trump said it's fault of Ukraine not our pointless war with Iran, definetely
- tim333 1mo agohttps://x.com/Kasparov63/status/2099647991225135105 https://x.com/Kasparov63/status/2099647991225135105
- beloch 1mo agoOil tankers move about as fast a bicycle. If fuel prices start really spiking tomorrow and the conflict is resolved the very next day, the crisis will still last as long as it takes for bicycles to fan out across the globe. i.e. Probably a month or two. At least. If a resolution to the conflict is not reached in very short order (i.e. days, not weeks), the crisis will be in full swing right when the midterms are going on. Of course, foresight and the ability to understand consequences do not seem to be strong points of this administration.