by theluckycountry » Wed 22 Oct 2025, 18:37:08
20 years later... The oil and gasoline price hasn't moved much, but of course how can it? It's the basis for life on earth now. As the master commodity that keeps all other heads above water. It must be kept low, until the end? What end. Say you have 100 million unemployed Americans, food stamps a shadow of their former self, millions upon millions homeless. So what does that mean for oil? Less demand of course, it can stay low forever.
It was the big mistake most peakoilers made, that prices would rise and rise, but behind that assumption was a failure to accept that their own lifestyles could go down the toilet. Go down BEFORE oil went up in price. All their projections were based on BAU consumption levels which have proved false. Go to Myanmar, a nation of 54 million people, most of whom struggle to buy any gasoline. Or Bangladesh , 173 million.
$this->bbcode_second_pass_quote('', '[')b]Petroleum fuels. Petroleum fuels such as diesel, petrol, octane, and kerosene are central to Bangladesh’s transport, agriculture, and energy backup needs. Unlike electricity or natural gas, these fuels are entirely imported, making their availability and affordability sensitive to global price volatility and exchange rate fluctuations. Since mid-2022, international market shocks combined with domestic price adjustments have significantly impacted fuel consumption patterns across sectors.
Over the last five years, fuel consumption initially increased across all four fuel types but saw a notable decline in FY2024. Diesel, the most consumed fuel, dropped by 14 per cent, from 4.94 million metric tons in FY2023 to 4.24 million metric tons in FY2024. Petrol and octane also declined by 5.2 per cent and 2.1 per cent, respectively, while kerosene consumption fell by nearly 10 per cent. This reversal reflects both high domestic prices and weakened purchasing power, especially among low-income and informal sector users.
https://cpd.org.bd/power-and-energy-cri ... angladesh/Cut away all the fluff and you see a nation of nearly 200 million that simply can't afford the oil it used to. And the oil price hasn't risen, it's been up and down. We are seeing the same phenomena all across the world, Nations cutting back in line with the diminishing supply.
Here you can see UK petror consumption falling steadily from the year 2000, well BEFORE the battcar came along. Diesel on the other hand kept rising, because diesel is the ful of business, not of the impoverished masses.
https://www.statista.com/statistics/382 ... ingdom-uk/Europe and the UK went into massive debt to try a transition to Battcars, but they failed. Now they have electricity prices twice what they once had and any benefits of running rechargeable battery cars has gone out the window. Plus there is the debt for buying them, plus the fact they will all need to be replaced within a decade. No driving old clunkers to get from A to B like in the much poorer nations, once the battery is dead, the car is dead. A percentage of people in the UK do their own dental work now, even extractions! Many can't afford a dentist. Many can't afford to heat their homes in Winter, AND eat regularly. But Petrol prices are not too bad. But what use is petrol if you're hungry?
But all this is good news for us who have prepared, the price of Petrol and Diesel will no doubt stay low even as the rest of society crumbles around us. Just ensure you have the money to buy it and you'll be fine. Unfortunately the masses have their money tied up in the crumbling system and will become poorer and poorer as time passes. Poorer and poorer until we reach a balance, until we reach the living standards that existed 100 years ago before oil. There was no middleclass then, not "Entrepreneurs" "making it". It was just the wealthy and the poor, the elites and the serfs. Listen to them rail in the alternate media about the rich, about how all the money is flowing into their hands. This isn't a conspiracy, it's just the natural order of things.
There is only so much much wealth on the planet and with the loss of cheap oil the share that pulled jack and Jill out of the muck and into a shiny new home on a new street is gone now.
We're 17 years past the peak now and the 3rd World is going hungry and dark. We'll be next, we're well on the way in fact.