Prepare For The Coming Fuel Shortages And “Energy Lockdowns”
Lockdown 2.0: The IEA Has Released 10 Guidelines To Help The Public
By Michael Snyder
Are we really going to go through this again? It appears that the Iranians are absolutely determined to keep traffic through the Strait of Hormuz paralyzed until they get what they want. In order to reopen the Strait of Hormuz, an absolutely massive military operation would be required, and perhaps we will see such an operation in the days ahead. But for now approximately 2,500 ships continue to be trapped inside the Persian Gulf, and this is already starting to create fuel shortages in some parts of the globe. If the Strait of Hormuz is not reopened for months, the fuel shortages will become extremely serious and it is inevitable that “energy lockdowns” will be imposed.
Don’t think that it can’t happen. Even now, the term “energy lockdown” is trending on social media all over the world…
A new term has begun trending on social media as the global oil crisis deepens: “energy lockdown.” While the phrase evokes memories of COVID-19 restrictions, experts say it describes something very different—a set of government-enforced or encouraged measures to reduce fuel, gas and electricity consumption in response to severe supply shocks.
The term gained traction following the closure of the Strait of Hormuz due to the Iran-Israel-US conflict, which has cut off about 20% of global oil supplies. On March 24, the sixth anniversary of India’s first COVID-19 lockdown, the term peaked as public anxiety mixed with historical memory.
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