Hug Your Loved Ones
Nate Bear | Americans, are scared. Scared that I’m right. Scared it’s true. Scared, basically, that the treats are going to be taken away. | This is the biggest energy shock since world war two, exceeding the oil crises of the 1970s and the Russia-Ukraine war, which previously were the biggest energy shocks in modern history. ■ The 1970s oil crisis struck 5 million barrels of oil per day off global markets. The war on Iran has caused an 11 million barrels of oil a day shortfall. The Russia-Ukraine war at its peak removed about 75 billion cubic metres of gas from the world. The war on Iran has caused a 140 billion cubic metres loss of gas. ■ Oil and gas are pretty much everything. Oil isn’t just fuel to get everything, including human bodies, from one place to another, it is also plastics, paints, solvents, cosmetics, engine lubricants. Gas isn’t just used for cooking. Around 23% of the world’s electricity is generated by gas...


