Page added on March 30, 2020
Oil substantially impacts the products and activities that people become familiar with during their daily lives. Individuals immediately make a connection between oil and the fuel for vehicles. It serves that purpose, but oil also plays a role in the production of many plastics and chemicals, as well as asphalt and tar.
It’s safe to say that if we didn’t have oil, people would notice its absence immediately. Unfortunately, that scenario is not a far-flung possibility. Experts are already giving warnings about dwindling supplies, and people must stop thinking of oil as a virtually endless resource.
Here, we’ll look at some of the things that make it necessary to plan for reducing dependence on oil. Then, we’ll explore how people can adopt preparedness mindsets rather than panicking.
The data stacks up to validate the threat of reduced oil supplies. For example, the S&P Oil & Gas Index has dropped by 32% since early January. Also, a recent threat — the coronavirus — has hindered growth in China, one of the world’s biggest markets for oil.
Other people take a different stance on the matter and insist that the world is not running out of oil. Nonetheless, they say the economics surrounding the oil industry is too unsustainable to continue. Drilling oil is a costly task, and researchers cited a plateau in crude oil production as one of the reasons behind the 2005 financial crash.
The oil industry pivoted after that point and made up for the problem by extracting liquid oils that are more difficult to retrieve than previous options. It addressed the matter in the short-term, but the new expensive forms of oil-based energy limit economic growth. They may also trigger a long-term economic contraction, experts say. Thus, continuing to rely on oil as much as we do could have catastrophic consequences for the global marketplace.
Another concerning fact is that many nations, including the United States, are heavily dependent on foreign oil. Any disruptions in the countries that supply it inevitably affect the places that need it. The oil and gas industry is the sector most targeted by terrorist attacks worldwide. The people who commit those acts know that disruption has widespread ramifications.
These problems are only the tip of the iceberg regarding why societies cannot behave as if it’s business as usual concerning oil. We do not have the luxury of living as if there is a nearly limitless supply.
Cutting back on oil dependence is not an easy or quick goal to reach. However, it’s not an impossible quest. The key for individuals is to assess what’s within their ability to do.
One option for everyday people is to consider using solar energy or other renewables. Various technologies exist for converting energy from the sun into electricity or heat. For example, concentrated photovoltaics (CPV) allow solar engineers to replace the traditional large silicon cells with much smaller pieces of high-performance material. Some analysts believe that if the world used solar energy, it’d no longer need to go to war over oil.
Another possibility is for people to prioritize using cars that get excellent fuel economy or electric-powered models. Research indicates that the full penetration of electric vehicles could remove 25 million oil barrels per day from the market. It also shows that the passenger vehicle sector is the most dependent on oil. Improving or changing the cars on the roads could cut oil use and ensure that drivers are not as impacted if prices rise due to limited supply.
People can also plan for the reduced availability of oil by becoming familiar with alternatives to traditional plastics. Compelled by the fact that about 90% of plastics are petroleum-based and not biodegradable, researchers came up with a durable and earth-friendly alternative that combines rubber with bioplastic. Evidence also suggests that the reduced demand for traditional plastics could impact the crude oil sector more than anticipated.
Although people should not fear that oil will run out soon, it’s past time for them to act as if it never will. Now is an ideal time to make lifestyle changes that mean oil takes a less-prominent position. Fortunately, technological solutions make it easier to find oil-free alternatives. Learning about these is the first crucial step towards deciding to use them regularly, so people should keep open minds and be willing to do things differently for the sake of preserving the future.
88 Comments on "The World Is Running Out of Oil. Here’s How to Be Prepared"
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FuelShortageComing on Mon, 30th Mar 2020 5:57 pm
This is how to prepare
https://www.youtube.com/watch?v=OF1Ha1QLZBo
I have nothing do. I guess I will write a lot of comments today.
makati1 on Mon, 30th Mar 2020 6:08 pm
“The World Is Running Out of Oil.”
No, the world is lowering its need for oil. There will be plenty as long as there are humans to burn it, but this event will reduce that number drastically. People are learning that they can do without all the waste.
Davy on Mon, 30th Mar 2020 6:16 pm
“No, the world is lowering its need for oil. There will be plenty as long as there are humans to burn it, but this event will reduce that number drastically. People are learning that they can do without all the waste.”
LMFAO, Nope, makato there is not plenty that can be produced. It might be in the ground but once assets are gone the oil will stay. This is why this period is so dangerous for a peak oil shock down the road. OH, and nope, your overpopulated 4.5BIL Asians will not learn how to do without oil unless many die. Mr. AsiaUp and Virus ain’t shit soon to be food shortages in the P’s whiner.
whoa supertards please love supremacist muzzies more for the sake of supremacist muzies on Mon, 30th Mar 2020 6:26 pm
Springfield, MO [Partly sunny.] 17 °C
it’s fun and game until support david middleton shows up
not long now because tard research will triage the goat farm
Davy on Mon, 30th Mar 2020 8:00 pm
Uhhhh asia baaaaad. makatooooo dumbbbb. america be great again. I have hte smarts but you are stoopied so brainup lkie i has.
JuanP on Mon, 30th Mar 2020 8:20 pm
Pink poodle said Uhhhh asia baaaaad. makatooooo dumbbbb. america be…
DT on Mon, 30th Mar 2020 8:31 pm
The oil began to run out the day humans started drilling and pumping the stuff. At what scale and to what end Is another question altogether. Meanwhile tomorrow is garbage pick up day and I must get on my weekly rounds collecting all the plastic and other debris I can for my clean green incinerator/furnace boiler. So I can produce free energy for myself. Good luck all you suckers!
JuanP is stupid on Mon, 30th Mar 2020 8:39 pm
This is stupid
DT
Davy on Mon, 30th Mar 2020 8:51 pm
Sorry for all my stupid ID theft everyone. It is the only thing I know how to do. Besides cutting and pasting the hedge of course. I know it makes me look stupid, but I have an excuse. I have covid-38. Its twice as bad as covid-19. Least thats what they tell me on the hedge.
DT on Mon, 30th Mar 2020 9:02 pm
Not stupid at all I collect all sorts of folks castoffs and utilize the embedded energy that otherwise would be wasted. Burning old tires, sofas, plastic lawn furniture, any furniture for that mater. I even pick up plastic bumpers and other car body parts by the side of the road. Burning all of this in my clean green home made incinerator/boiler electric generation system. All of this debris is then kept out of the environment. I live in one of the most litter free areas of our great country of the U$A.
JuanP on Mon, 30th Mar 2020 9:03 pm
Sorry for all my stupid ID theft everyone. It is the only thing thing pink poodle know how to do. Besides cutting and pasting the hedge of course. I know it makes me look stupid, but I have an excuse. I have covid-38. Its twice as bad as covid-19. Least thats what they tell me on the hedge.
JuanP is stupid on Mon, 30th Mar 2020 9:04 pm
This is stupid
DT on Mon, 30th Mar 2020 9:02 pm
DT on Mon, 30th Mar 2020 9:16 pm
Stupid?????? How can you call my free clean green energy scheme stupid? I am keeping the environment clean by using castoffs that would otherwise be wasted in landfills and dumped by the side of the road. I, like Donald Trump am smart very very smart.
Davy on Mon, 30th Mar 2020 9:57 pm
DT, the only proven REAL GREEN energy generation system, is burning goat feces for GREEN energy. I collect goat poo every single day and put in the fire pit, pour some diesel on it, and watch the free energy flow into my cabin. Its renewable energy source as my goats poop a lot. Constantly in fact. Their poop could be thicker and richer, it kind of looks thin and runny, but, it still does the job. And let me tell you, nothing beats the aroma of burning diesel and goat chips on a damp Missouri day. Unlike your stupid dumbass burning plastic plan juanpeee. I am going to report you to the department of deportation for immediate pickup. Unless the President waived deporting lunatic paraguayans like you.
FuelShortageComing on Mon, 30th Mar 2020 10:09 pm
Man are they pushing that COVID stuff hard even in Thailand. Thailand had 9 death so far and they are shutting down everything. Thailand if all full of Chinese tourist, you will think they had more death.
https://www.youtube.com/watch?v=diGmOc-R_y8&t=94s
DT on Mon, 30th Mar 2020 10:10 pm
I get my orders strait from the president. He told me that global warming is a hoax. Good for you and your goats. I would recommend putting a big wad of plastic grocery bags on your free energy source too for good measure. Also go down to the nearest river and fish out some floating plastic bottles for more clean green fuel. You will soon see a marked improvement in water quality. Good Luck my kindred soul!
FuelShortageComing on Mon, 30th Mar 2020 10:41 pm
Thailand and Philippines are Chinese preferred vacation destination. This is where you should see the most death from COVID if it was really contagious as they say.
They are locking down the whole world. Too funny, so many holes in COVID story. This look like a cheap B movie script.
Thailand 9 and Philipines 78 probably all old people.
https://www.youtube.com/watch?v=kn6DKdInYXk
https://www.youtube.com/watch?v=diGmOc-R_y8&t=94s
They are locking down the whole world trying to save what is left of oil.
DT on Mon, 30th Mar 2020 10:51 pm
Anyone that thinks the covid is a hoax please get out in the world and mingle with as many people as you can, all the time, that way you can report back and tell us all how healthy you are, that is if you are still alive.
makati1 on Mon, 30th Mar 2020 11:08 pm
Hoax? No. exaggerated panic. Yes!
Number of auto deaths in the US in the last 60 days = about 6,575 fatalities. Google.
Covid-19 deaths in the last 60 days = ~3,165.
Less than half. When did the US shut down for car deaths? How about heart failures?
Those numbers don’t even register when you look at the 60 day death rate for heart disease which is about 11,000 in the US.
Hmm? Hype? And why? power grab? We shall see.
DT on Mon, 30th Mar 2020 11:14 pm
Again, if the odds are all so low and insignificant, please by all means anyone thinking this way could do the world a favorer and volunteer at the nearest hospital or old folks home. Then report back in a couple of weeks and tell us all how great it all went.
FuelShortageComing on Mon, 30th Mar 2020 11:51 pm
Re: Coronavirus biowar US-China prelude war Pt.3
Postby FuelShortageComing » Mon 30 Mar 2020, 23:45:07
https://www.worldatlas.com/articles/tou … untry.html
China, Malaysia, and Russia send more tourists to Thailand than any other country in the world.
Thailand is the leading tourist destination in Southeast Asia with its tourism industry spanning close to 70 years of history. Tourism contributes about 9 to 10% to the total GDP. The number of tourists visiting Thailand has been on a steady rise throughout the years reaching up to 30 million visitors annually, although the numbers sometimes decline due to unrests and security threats. However, Thailand’s tourism industry remains an all-time high, especially during the December-January peak festive season.
How come Thailand has only 9 death, when Chinese are the main tourists in Thailand . If Thailand received a lot of Chinese tourist during the month of December and January how come there is only 9 death. Number don’t add up. Peak oil is here and they are using COVID to hide it and install martial law.
https://www.youtube.com/watch?v=diGmOc-R_y8&t
Thailand should have thousand of death like China had, if this COVID was really contagious.
DT on Tue, 31st Mar 2020 12:12 am
Peak oil hit many years ago. That is peak conventional oil. Around 2005-7. At this point 2020, oil production is going down because of low oil demand then leading to low prices. What will happen now? Who knows. My contention is that humans are going to face food scarcity sooner then later. Not so much because of peak oil but because humans have disrupted the biosphere to such an extent that climate, soil destruction, ocean pollution dead zones, chemical pollution, and destruction of the food chain from the tiniest creatures to alpha predators, soon very soon we are all going to starve to death.
makati1 on Tue, 31st Mar 2020 1:07 am
How the Philippines handles subsidies…
“Duterte: P200-B social amelioration fund only for the poor”
https://news.mb.com.ph/2020/03/31/duterte-p200-b-social-amelioration-fund-only-for-the-poor/
“Rich people will be excluded from benefiting from government’s P200-billion social protection program amid the coronavirus emergency, President Duterte declared Monday night.”
So radically different from the US where the rich will get 80% of the :subsidies” and the tax slaves will pay for ALL of it.
makati1 on Tue, 31st Mar 2020 1:09 am
BTW: That P200B = ~$4B US. Not the $2Trillion that the US is giving to the banks and billionaires.
fwsmj on Tue, 31st Mar 2020 1:25 am
Florida, Missouri Clear.]52 °F
supertrads pls change ur underwear after 5 days
please love supremaicst muzzies more
Abraham van Helsing on Tue, 31st Mar 2020 1:54 am
“Hoax? No. exaggerated panic. Yes!”
Exactly makati!
Figures Italy:
Deaths per year: 600,000
Corona deaths so far: 10,000
To be expected further deaths: 10,000
Mark my words, by the end of the year it will turn out that once again 600,000 people will have died in Italy over 2020 and not 620,000.
The people who will die of corona this year won’t die this year from other causes.
You gotta die of something!
Again the corona figures for the Netherlands:
Average age corona hospitalized: 65
Average age corona dead: 82
Life expectancy Dutch male: 81
Won’t be much different for Italy.
It is all exaggerated.
Nevertheless I love this corona thingy because it sabotages the economic machine. I love it that the skies over Europe are clean, that the water in Venice is clear again with fish and dolphins. I love it that air traffic (the reason I got corona myself, probably) has come to a standstill and with it mass tourism. I hope Airbus and Boeing will go broke (they won’t, too big to fail). We are going to meet our CO2-targets with flying colors this year. Corona is a perfect opportunity for contemplation about our economic ways.
FuelShortageComing on Tue, 31st Mar 2020 1:57 am
Look now they don’t recoomand wearing mask. LOL. Is it a contagious disease or not. They are not even hiding it anymore that it is a hoax.
Officials in Asia push back on need for all to wear face masks | WNT
https://www.youtube.com/watch?v=V60tPcunXrk
Abraham van Helsing on Tue, 31st Mar 2020 2:16 am
The Chinese are starting their production again… but nobody is buying:
https://www.spiegel.de/wirtschaft/soziales/chinas-fabriken-fahren-produktion-hoch-a-c6aaabec-f347-4452-a833-55600bcb83ee
Ouch, that hurts: French car Renault Clio now most sold in Europe, overtaking long time champ VW Golf. This is very good for the French-German balance! Reason: Jerries don’t understand software, only machines.lol
https://www.spiegel.de/auto/volkswagen-renault-clio-loest-den-vw-golf-als-meistverkauftes-auto-ab-a-221fc10e-777c-4033-a8d6-c00691b9e40e
Yesterday on the German news: this year is a recession, the depth of which will be entirely defined by the duration of the lock-down. Something between 2.7% and 10% contraction. However, in all scenarios, there will be a massive bounce-back in 2021 and taken together, 2020+2021 will still see net growth.
Unfortunately, I am tempted to say.
Abraham van Helsing on Tue, 31st Mar 2020 3:58 am
Corona, Russia and KSA have the US shale oil industry on its knees:
https://www.moonofalabama.org/2020/03/trump-putin-will-discuss-the-end-of-us-shale-oil.html#comments
In the first week of January crude oil reached $69/bl but it has since dropped to $45/bl as the coronavirus crisis destroyed the global demand. The Saudis tried to make a deal with Russia, the second largest exporter after Saudi Arabia, to together cut oil production to keep the price up. But Russia rejected a new OPEC cut. It wants to keep its production up and it will use the crisis to further undermine U.S. oil fracking production. As the whole fracking boom in the U.S. is build on fraud the move might well be successful.
Russia does not have a budget deficit and is well positioned to survive lower crude oil prices without much damage. Saudi Arabia is not.
Oil is now even below $20 in some spots.
Nevertheless, oil will bounce back with a vengeance, probably in the 2nd half of this year, when the global economy will bounce back with a vengeance.
As soon as U.S. shale leaves the market, prices will rebound and could reach $60 a barrel, Rosneft’s Igor Sechin said recently. As fate would have it, in what many would have until recently considered an impossible scenario, a lot of U.S. shale might do just that.
Breakeven prices for U.S. shale basins range between $39 and $48 a barrel, according to data compiled by Reuters. Meanwhile, West Texas Intermediate (WTI) is trading below $25 a barrel and has been for over a week now.
Meanwhile the situation in Canada is even worse:
Canadian heavy crude has become so cheap that the cost of shipping it to refineries exceeds the value of the oil itself, a situation that may result in even more oil-sands producers shutting operations.
Western Canadian Select crude in Alberta dropped to a record-low close of $5.06 a barrel on Friday, according to Bloomberg data going back to 2008 …
Reducing demand from 100 to 80 million bpd is entirely responsible for the current price collapse. Everybody is using the current cheap oil situation to fill spare storage capacity, which is not that great. Ships are being hired for storage purposes.
REAL Green on Tue, 31st Mar 2020 5:14 am
Many people act like the world is in exaggerated panic. They are narrow minded and trying to look at the tree instead of the forest. We were in a hyper complex world with complicated system and networks. The flue and other causes of death are factored into this world as knowns. They are deadly but normal. This virus is deadly and new. It is not normal and it is extremely disruptive because of the infectiousness and how deadly it is on the vulnerable. This then disturbed the economic system because of the widespread steps needed to avoid a huge spike in sickness and death. In previous times before the hyper specialization of social and economic nodes a sickness like this would run its course and cleans the population of the weak. That is the disinterested view of how nature worked in the past on human populations but effectively fortified our species. In a brittle world of hyper specialization of monocultures and global networks this is a disaster.
Today, it is more than the cleansing of the weak humans it is the cleansing of an unsustainable system, networks, and lifestyles. The world is in overshoot in this respect so this cleansing is a major disruption. Humans are at limits. Globalism may be resilient but only a brittle resilience if all goes well. The results did not go well. Sure, there was panic and exaggeration but also apathy and stupidity of a system and people unsustainable and lacking a wise resilience from decades of poor behavior. This is both with health and way of life built up over a very long time or in other words, habituated. So “exaggerated” is only the tree but the forest is a bifurcated threshold of stability.
This is a process and there is still lots of healthy people living with strong networks and systems. The problem is the damage has been done and this is now systematic with nodes of vital support. Globalism’s connectivity both physical and abstract is damaged. The all-important value chains for growth and affluence are in tatters. They were retrenching even before this virus hit but now, they are bloody and raw. There will be a price to pay to retrench and there is also the lost opportunity of growth at a time where time to change is short. Time can never be made up. What is lost is gone. The world has now dropped a level of potential and with affluence.
We have just not digested this event yet let alone the slow boil of the process. Confidence has not really panicked yet in this regard. The world is too panicked about the virus but not the world ahead where work must be performed in a world with a underlying system damaged. This virus is a vacation. It is exciting in a dark way. It is not normal and productive. This is deadly and long term. Knowledge is being lost in regards to education. Infrastructure is decaying and not repaired etc.
Looking forward in this process of decline one can see more steps down as economic abandonment takes its toll. Dysfunctional networks designed for a different world will result and will have to reorganize. There is a price for that. Irrational behavior and policy will result and cause further “change pain”. Bad policy is expensive because it represents failed behavior. Confidence is the liquidity of modern life and mover of armies. This has taken a hit. This means fiat currency and trust in trade is not where it was. This will drive more damage to growth.
Degrowth is now the trend with a world built on growth. A new narrative will be needed but that narrative is only now on the fringe of awakened people who are honest with science. Even less of these honest people are honest about solutions. There are solutions to particular problems but not our carbon trap and systematic path dependencies of calling on growth to solve our issues. We are now in a world of planetary decline and economic and social degrowth pointing fingers at everyone and everything instead of ourselves. What is called for is lower scale but that will take time. Again, time is something we do not have in many problematic areas. So, the virus was a black swan disruptor. It could have been something else like war of a great natural disaster. The virus will define us but the outcome is not much difference from other black swans and that is decline, decay and disfunction that comes with degrowth. Modern man can take this decline and through the wise use of intelligence and sacrifice adapt but not before much is lost. All could be lost if we do not get our shit together and quick.
Realgreenadaptation.blog
Davy on Tue, 31st Mar 2020 5:25 am
“Something between 2.7% and 10% contraction. However, in all scenarios, there will be a massive bounce-back in 2021 and taken together, 2020+2021 will still see net growth.”
Step declines are in store for global exporters like Germany and China that will have to rationalize huge sectors that will now have excess capacity and very difficult to change. Steep changes are in store for global consumers and Nations like the US that are service and consumption oriented. A trend towards a combination of deflation of things available and with inflated wealth of all kinds worth less. This means those who try to forecast decline are hilarious. They are using metrics from a world that is no longer real.
Dooma on Tue, 31st Mar 2020 5:26 am
Boeing is NEVER going to fail. It is part of the military cartel.
Davy on Tue, 31st Mar 2020 5:35 am
“Corona, Russia and KSA have the US shale oil industry on its knees:”
LMFAO, sure and a shale massacre was coming already. What are the costs to Russia and KSA? A huge cost to two nations that need strong oil markets. Shale is an economic oil. It can be started up quickly if needed although never with the growth that brought the US to near energy production and consumption parity. Oil systems in Russia do not shut down well. Real damage will be done to Russian and KSA with production if storage runs out. Storage is rapidly filling up everywhere. This glut will linger for years because the economic damage is taking the global economy to a lower level of economic activity and this is just the first step down with more to come as dominoes fall. Oil production decline is part of the decline too so it is a negative converging force of the highest order globally. Renewables likewise are going to get clobbered. Anything global and large will get a haircut. This was an event but the slow boil process has now just begun. More thresholds will be breached and more damage spill out with many in unexpected places. This is the nature of chaos on systems.
Davy on Tue, 31st Mar 2020 5:48 am
What’s in your pantry? This is coming to your world. I would not want to be in Asia, Africa, and ME when this strikes hard as it will next year. This is just the prelude of what is ahead for everyone. I have lots of food storage of all kinds including the ability to produce but that does not mean I will get all those wonderful items from around the globe from a click of keys on an Amazon web page. Get ready to eat simple food without luxuries or in places with not enough food get ready to panic.
“Greater Depression? Shocking Images Show Horror Of America’s New ‘Breadlines”
https://tinyurl.com/rjq62dy zero hedge
“It could never happen again…” A quick Google search shows the horrific scenes from the 1930s as Americans lined up by the thousands for food as The Great Depression struck fast, hard, and deep… And here is today’s shocking ‘breadlines’ – This video shows hundreds of cars waiting to receive food from the Greater Community Food Bank in Duquesne, near Pittsburgh… The last two food bank giveaways drew massive crowds and caused major delays on Route 837. When they had one at Kennywood last week, it drew over 800 cars and backed up for miles…How did America go from “greatest economy ever” to “Greater Depression” so fast? And don’t forget, we just had the biggest spike in joblessness… ever”
Davy on Tue, 31st Mar 2020 5:55 am
“Chinese Biological Experiments To Infect Humans With Coronavirus Exposed In 2015 By Italian State Media”
Authored by Guido Taietti via GreatGameIndia.com (site not accessible probably from Chinese interference)
https://tinyurl.com/w3g6tw8 zero hedge
“Five years ago, Italian state owned media Company, Rai – Radiotelevisione Italiana, exposed dark efforts by China on viruses. The video, which was broadcast in November, 2015, showed how Chinese scientists were doing biological experiments on a SARS connected virus believed to be Coronavirus, derived from bats and mice, asking whether it was worth the risk in order to be able to modify the virus for compatibility with human organisms…Chinese Biological Experiments Chinese scientists have created a pulmonary supervirus from bats and mice only for study reasons but there are many questionable aspects to this. Is it worth the risk? It’s an experiment, of course, but it is worrisome. It worries many scientists: It is a group of Chinese researchers attaching a protein taken from bats to the SARS virus, Acute Pneumonia, derived from mice. The output is a super coronavirus that could affect man. It remains closed in laboratories and it is only for study purposes, but is it worth the risk – creating such a great threat only for examination purposes? The debate about the risks of research is as old as science itself. Like the myth of Icarus, who plunged from the Sky and perished in the sea, having gone too close to the Sun with the wings of wax designed by his father!… Here is an experiment in China, in which a group of scientists has managed to develop a chimera – an organism modified by attaching the surface protein of a coronavirus found in bats of the common species called the Great Horseshoe Bat, to a virus that causes SARS in mice, although in a non-fatal form. It was suspected that the protein could make the chimeric hybrid organism suitable for affecting humans, and the experiment confirmed it. It is precisely this molecule, called SHCO14, that allows the coronavirus to attach itself to our respiratory cells and to trigger the syndrome. According to researchers, the two organisms, the original and even more so the engineered one, can infect humans directly from bats, without going through an intermediate species like the mouse, and it is this eventuality that raises many controversies…As soon that this broadcast went viral on the Italian social media, journalists and experts began explaining it away saying, that the virus in the video was not COVID-19. Even the British journal Nature, which wrote the very publication this Italian show was based on, clarified that the virus the broadcast talked about was not related to the “Natural” COVID-19. However, that is beside the point. This is not to say that the viruses are literally the same. This is to say that the information presented in the video is consistent with the information that China is doing a lot of research on bioweapons, and that the impact of the virus in the broadcast has a lot in common with mainstream information about the symptoms of COVID-19…Meanwhile, the Italian scientists at Milan University are investigating whether the coronavirus outbreak actually began in Italy in the last quarter of 2019. Milan and Lodi cities of Lombardy administrative region reported a “significant” increase in the number of people hospitalized for pneumonia and flu in October and December of 2019. Meanwhile, amidst worldwide criticism, a $20 trillion lawsuit has been filed against China for waging Biological war using Coronavirus.”
Davy on Tue, 31st Mar 2020 6:00 am
Chinese lies don’t work anymore:
“China Is “Fixed”: Chinese PMIs Soar Back Into Expansion, Smashing Expectations”
https://tinyurl.com/wfdcqk8 zero hedge
“That these completely fabricated, laughable numbers come the day after China cut its reverse repo rate to 2.20%, the lowest on record, and broke its streak of 29 trading days without a reverse repo operating, injecting 50 billion yuan into the economy which is now cratering, was hardly a coincidence. And speaking of cratering economy, just yesterday we reported that contrary to the PMI data, China’s consumer default tsunami has now started, to wit: Delinquent credit-card debt in February rose by about 50% from a year earlier. China’s delinquency ratio jumped to a staggering 20% in February, from 13% at the end of last year. An estimated 8 million people in China lost their jobs in February. Industrial profits crashed by 39%. In short: China’s real economy is collapsing and the more it contracts, the more compelled Beijing feels to boost consumer confidence with totally fabricated numbers, which however nobody believes any more. So what to make of this statistical farce? Simple: it’s a political statement directed straight at the US and meant to indicate that China is now fixed, even though knowing just how idiotic these numbers must look, the China Statistical Bureau – as if out of guilt – said the “rebound does not mean the economy has returned to normal and March data alone cannot tell improving trend” adding that “further attention needed on PMI as China’s economy faces new challenges amid increasing pressure of inbound coronavirus infections.”
JuanP on Tue, 31st Mar 2020 6:00 am
More nonsensical China bashing from ZH, par for the course for the board’s delusional American Exceptionalist!
ROFLMFAO! All that ZH has really damaged your brain, Davy!
JuanP on Tue, 31st Mar 2020 6:05 am
Your obsessive China bashing is undeniable proof of your fears, jealousy, resentment, and feelings of inadequacy, Exceptionalist! What are you compensating for?
Davy on Tue, 31st Mar 2020 6:07 am
“Unpacking China’s Viral Propaganda War”
https://tinyurl.com/qojny4t real clear investigations
“While that conspiracy theory was quickly noted and dismissed in much of the West, it is continuing and broadening all over social media in China – a country that strictly monitors what appears on its online platforms, regularly scrubbing it of what the authorities call “rumors.” But a lot of it, put on platforms that are banned in China, seems aimed outward, part of a concerted effort to convince the world that China, once the villain of the coronavirus story, is actually its hero, and that the real villain is America. Its effectiveness may provide a new illustration of how fake news, if repeated loudly and often enough, uses social media as a carrier to spread misinformation around the globe… that a 50-year-old bicycle racer named Maatje Benassi, a member of the American delegation, was “patient zero,” the first victim of the disease, which would mean that the virus was brought to China by the United States. This claim has been amplified across Twitter. Among the ironies in this is that the demand for transparency is coming from China, one of the most secretive and opaque regimes in history. Another is that the idea that Benassi is “patient zero” stems from an American conspiracy theorist named George Webb. In a Youtube video earlier this month, Webb advanced that notion, along with the theory that the virus was created, not in China, but at Fort Detrick in Maryland…”
“What Redfield actually said during congressional testimony in March, well after the virus had begun to spread in the U.S., was that it is possible that some people whose deaths were believed to have been caused by the flu might actually have been victims of the coronavirus but weren’t tested for it. He did not say that people died of Covid-19 last fall, before the disease appeared in China.”
“The Chinese video then goes on to answer its question regarding the identity of patient zero: It was Maatje Benassi, the army bicycle racer. “The circle is complete,” the narrator says, and then addresses President Trump: “What is your response?”… Meanwhile, there has been no retraction of the lengthy video “investigation” of the coronavirus’s origins with its claim that it was insinuated into China by the American military. While some Chinese officials are giving credence to that claim, the government has not officially endorsed it. It seems content to put it out there, to spread an idea that might shift discussion about the virus from China’s responsibility to the question: Did it actually originate in America?”
Davy on Tue, 31st Mar 2020 6:11 am
juanPee, I detect desperation as your world view comes apart. You are a fraud and failure. Why are you being JuanP for the last two days? What happened to the ID theft and mindless socks? How come you are not over on the monitored side saying anything? LMFAO. I love it when lies are exposed and the perpetrators disgraced.
Davy on Tue, 31st Mar 2020 6:18 am
This is for the cloggo “CW2” but a boomerang. This is for juanPee. JuanPee, maybe you need to drop everything and run to your failed South America. This is for makato-one who is probably going to be eating his pet monkey. I have no illusion food shortages are coming around here where Iive but there is a lot of food still on the ground so I have some time.
“This Could Turn Violent” – Italian Officials Fear South Turning Into A Powder Keg”
https://tinyurl.com/vofgfur zero hedge
https://tinyurl.com/uzcagv9 graph of virus by region
“Signs of social unrest in major Western cities could be developing over the next few weeks, and as we previously warned last Friday, a global depression with high unemployment could unleash a “social bomb” in European countries and or North America. At the moment, Italy is the most high-risk country in the West to experience a potential breakdown in society. The country is suffering from an explosion in COVID-19 cases and deaths, a collapsed hospital system, an economic depression, and high unemployment. Sounds a lot like Venezuela…Italy has called up the military in recent weeks to enforce lockdowns across the country. There have also been reports of organized gangs operating in the Southern part of the country that are using social media to plot raids on businesses, reported Bloomberg…”Discomfort and malaise are growing, and we are recording worrying reports of protest and anger that is being exploited by criminals who want to destabilize the system,” said Orlando. “The more time passes, the more resources are exhausted. The few savings people are running out. This tells us socio-economic issues will erupt.” The most southern part of the country has the highest unemployment. Stories are already starting to surface of social unrest. People, with no money, are now starting to raid supermarkets…”I am afraid that concerns shared by much of the population — about health, income, the future — will turn into anger and hatred if this crisis continues,” Giuseppe Provenzano, Italy’s minister overseeing southern regions, told La Repubblica. Italy is further down the line in the outbreak than most other countries and threatens to unleash the next chapter of the crisis, that is, social unrest. What’s happening in Italy could be coming to America.”
Davy on Tue, 31st Mar 2020 6:23 am
Blind lying liberal disease is everywhere.
“How “Progressive” Ideology Led To COVID-19 Catastrophe In Spain”
https://tinyurl.com/sqw3onm gatestone institute
“The Spanish government, comprised of a coalition of Socialists and Communists, is facing legal action for alleged negligence in its handling of the coronavirus pandemic. The government is accused of putting its narrow ideological interests ahead of the safety and wellbeing of the public, and, in so doing, unnecessarily worsening the humanitarian crisis now gripping Spain, currently the second-worst afflicted country in Europe after Italy… A class action lawsuit filed on March 19 accuses the Spanish government — highly ideological by any standard, as the Communist coalition partner, Podemos, was founded with seed money from the Venezuelan government — of knowingly endangering public safety by encouraging the public to participate in more than 75 feminist marches, held across Spain on March 8, to mark International Women’s Day. The nationwide rallies were aimed at protesting the government’s perennial bugbear: the alleged patriarchy of Western civilization. Hundreds of thousands of people participated in those marches, and several high-profile attendees — including Spain’s deputy prime minister, as well as the prime minister’s wife and mother, and also the wife of the leader of Podemos — have since tested positive for Coronavirus Disease 2019 (COVID-19). It is unknown how many people were infected by the coronavirus as a result of the rallies… Spain is one of the European countries most effected by the virus: As of March 29, more than 80,000 people had been diagnosed with Coronavirus Disease 2019 (COVID-19) and more than 6,500 had died as a result. The actual number of people infected may be ten times higher due to the lack of testing of asymptomatic cases. As the pandemic runs its course, Spain is on track soon to overtake Italy as Europe’s hardest-hit country.”
Davy on Tue, 31st Mar 2020 6:27 am
Hold on the second wave is coming:
“China Shuts Down All Cinemas, As Scientists Fear Second Coronavirus Wave”
https://tinyurl.com/sdsdszu zero hedge
“The Chinese government did not explicitly cite the reason for the latest theater closings. Still, scientists are now warning that a second coronavirus wave could be arriving by the end of April: “It’s time to relax the lockdown, but we need to be alert for a potential second wave of infections,” says Ben Cowling, an epidemiologist at the University of Hong Kong. Cowling warned that a second wave of the fast-spreading virus could hit China by the end of April.”
Davy on Tue, 31st Mar 2020 6:29 am
More Asian lies
“Coincidence?” – Japanese Questioning Sudden Surge In Tokyo Infections Following Olympics Delay Decision”
https://tinyurl.com/s5pn2te zero hedge
“Former government officials have raised their eyebrows of just how COVID-19 cases were low before the postponement, to now on an exponential curve, as some have suggested there was a coverup by the government to artificially suppress cases to make it appear that the Games would go on.”
Davy on Tue, 31st Mar 2020 6:39 am
This will likely mean the end of the dollar but with a vacuum because there is nothing to takes its place. This will just be more systematic risk to add to the fire:
“A Multitrillion Dollar Helicopter Credit Drop”: How The Fed Turned $454 Billion Into $4.5 Trillion”
https://tinyurl.com/sywg638 zero hedge
https://tinyurl.com/yx2uup6w miro medium graph
https://tinyurl.com/yx2uup6w miro medium graph
“So how do we get to $4.5 trillion? Here’s how it happened. The roles of the Treasury Department and Federal Reserve are different in a bailout. The Treasury Department is part of the Executive Branch. It receives its funding from taxpayers. It is accountable to Congress and to the President. It just received $454 billion in the CARES Act. The Federal Reserve, in contrast, is a private, bank-owned agency which pretends to operate on behalf of the people but in reality makes sure the financial system and the commercial banks that dominate are viable and profitable (if they aren’t they are bailed out)… As a result, the Fed’s members and private owners are banking institutions who keep massive reserves on deposit at the Fed. The Federal Reserve has many roles in the economy, but none of them is to take on credit risk. So how do you get the Fed to establish a “loan” facility, as contemplated in the CARES Act, if it will not take on credit risk? And not just any loan but $4.5 trillion in loans? This tsunami of credit (the helicopter comes next… and last) is made possible by the $454 billion set aside in the aid package for Treasury to backstop lending by the Fed. The Treasury’s contribution, as Tom Barrack explained recently, you can think of as “equity” — that is, Treasury will stand in a “first loss” position on every loan made to corporate America. The Fed will contribute the “leverage” — the money that will help make loans using the Treasury’s equity and be levered 10-to-1. Such leverage assumes no more than 10% capital losses (on “AAA-rated” paper), as the Fed is not allowed to be impaired. Of course, in a real crash the losses will be far greater but we’ll cross that particular bailout of the bailout when we get to it. The loan fund, now levered up ten-fold thanks to the Fed’s own $4.1 trillion, will then make loans to businesses. “Effectively one dollar of loss absorption of backstop from Treasury is enough to support $10 worth of loans.” Fed Chair Powell said in in a rare nationally-televised interview last Thursday morning. “When it comes to this lending we’re not going to run out of ammunition” and he is right – the Fed can apply any leverage it wants; after all the value of the collateral it lends against is whatever the Fed decides! Visually, the magic of the Fed’s 10x leverage looks as follows… And the punchline: this mechanism which is now codified by law and which grants the Fed literally unlimited power to bailout anything and anyone, and which marks the beginning of the end for the US dollar, was delivered by America’s politicians with pride: “Very quickly we hope to stand up a very broad based lending facility that could be leveraged up to $2 or $3 trillion,” Senator Pat Toomey told reporters Wednesday. “We’re hoping it’s a mechanism to keep businesses alive for a few weeks or months until our economy can resume.” And if it can’t resume in a “few weeks or months”, the mechanism will keep running until the Fed can – and will – nationalize everything. So congratulations America, you were just bought by a group of anonymous bankers with your own elected politicians making it possible. The price? $1,200 per person for a month or two.”
Davy on Tue, 31st Mar 2020 6:43 am
Where is your stimulus check?
“Anatomy Of The $2 Trillion COVID-19 Stimulus Bill”
https://tinyurl.com/vta6w6c zero hedge
Davy on Tue, 31st Mar 2020 6:47 am
“Hoax? No. exaggerated panic. Yes!” Exactly makati!”
I am rolling on the floor laughing at the stupidity of our forum delusionals
REAL Green on Tue, 31st Mar 2020 7:37 am
“We Need to Talk About Catastrophic Global Risk”
https://tinyurl.com/skc2ut5 David Korowicz
“The systems which underpin our lives are increasingly brittle and face growing array of intensifying pressures, we must prepare…Conclusion We do not know what the future will bring. Risk is a measure of impact and likelihood. The impacts outlined above could be devastating. We’ve also suggested that the likelihood of destabilization and catastrophic systemic failure is growing. We are manifestly ill-prepared to deal with such consequences. We can hope and work towards kinder futures, but we must also prepare for things going seriously wrong.”
realgreenadaptation.blog
Davy on Tue, 31st Mar 2020 7:40 am
“P Is For Pandemic (And O Is For Orwellian)”
https://tinyurl.com/t43srjg zero hedge
“A judicious thinking individual might wonder why the Swine Flu epidemic of 2009, which is estimated to have infected 61 million Americans and killed 12,000 to 18,000, did not require a countrywide lockdown resulting in a second Great Depression. Maybe it was because the ruling class already had the ongoing financial crisis as their logic to use panic and fear in achieving their plundering objectives. Did anyone really notice we experienced a global pandemic in 2009? Our very own CDC “experts” tell us the country has already experienced 38 to 54 million flu infections since October, with a half million hospitalizations, and at least 24,000 deaths, so why weren’t our hospitals overwhelmed? I know this is a serious virus, but the scare tactics being utilized by our overseers, corrupt politicians and their corporate media propaganda outlets is beyond excessive, and reveals a far more nefarious purpose.”
“Don’t look now but you’ve been screwed again. The Wall Street bankers are again able to borrow at 0%, while charging you 17% on your ever-increasing credit card balance. Why aren’t these scumbag bankers announcing a three-month moratorium on credit card and mortgage payments, with no interest accruing? Because their goal is to further enslave you in debt, while enriching themselves. They will run patriotic commercials, while sticking a red white and blue dildo up your ass.”