Christian Caryl

We have yet to feel the full force of oil and gas price spikes and energy shortages.  But they’ve started in Asia, the destination for most oil and gas that went through the Strait of Hormuz. They’re now coming our way, arriving by the middle of April at the latest, as they roll west across the globe.  Just because it hasn’t happened yet doesn’t mean it isn’t going to. Energy shocks unfold sequentially NOT simultaneously.  People and politicians haven’t yet woken up to this. Yesterday on this show we spoke to Greg Newman, an experienced energy trader. He warned of major problems coming down the pike. He’s right. It was a wake up call we’d do well to heed.  What’s already happening in Asia is a harbinger of what’s in store for us. Huge rises in the price of oil and gas. Growing shortages in diesel and jet fuel. Knock on effects on everything from fertilisers for the spring growing season to microchip production.  About a third of the world’s fertilisers, needed for food production, and a third of the world’s helium, needed for chip production, are produced by the Gulf’s petrochemical industries and come through the Strait of Hormuz. No longer.  Western governments need to wake up to the economic tsunami coming their way. The Starmer government in particular needs to get a grip.  The PM and his ministers are dangerously insouciant in the face of what’s about to hit them. They speak in generalities, with no sense of urgency, complacently out of their depth. I fear they have no idea what’s in store.  They talk about average household energy bills falling by over £100 from tomorrow. What they never add is that they will rise by almost £300 come July.  Soon the price of everything from petrol at the pump to food at the check out counter will soar. Central banks will panic at the sight of inflation reignited — and jack up interest rates.  Remember this — every major energy shock in the past has led to recession. Not because energy prices went through the roof but because central banks pushed up interest rates in their wake, killing consumer spending, the property market and business investment in the process. AND ushering in recession.  There is every chance history is about to repeat itself. Especially since we’re now run by people who are wholly ignorant of that history.  Of course, peace could soon break out and, after a rough spring and summer, normality could beckon before winter is again upon us.  But if the Strait of Hormuz is still closed in a month’s time we will all be paying a steep price for a war — Trump’s War — we did not start and did not ask for. And having to deal with an increasingly deranged White House.  2/2

“Iran has been, essentially, decimated. The hard part is done. Go get your own oil!”

🚨Ein abgehörtes Telefonat entlarvt Moskaus Anti-Sanktions-Agenten (die ungarische Regierung). ➡️Ungarn & die Slowakei verraten Europa an Russland. Niemand braucht solche Länder in der Europäischen Union, solange sie von Marionetten Moskau regiert werden.

New image reportedly showing the USAF E-3 Sentry destroyed in an Iranian attack at Prince Sultan Airbase on Friday. Matches 81-0005, an E-3C seen deployed to the base in recent weeks.

New image reportedly showing the USAF E-3 Sentry destroyed in an Iranian attack at Prince Sultan Airbase on Friday. Matches 81-0005, an E-3C seen deployed to the base in recent weeks.