1330 "We Have No Energy Left" (BLACKOUTS Are Near As Emergency Supplies Run Dry...)

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1330 "We Have No Energy Left" (BLACKOUTS Are Near As Emergency Supplies Run Dry...)

16 Mar 2026 The UK and other European countries are facing energy shortages, with the UK’s gas reserves at a critical level. The situation is exacerbated by high oil prices, reminiscent of the 1970s and 2008 crises. The government is considering reopening North Sea oil fields, but this process will take months.

The speaker warns of a challenging period ahead, with job losses and potential military conflicts impacting economies worldwide. They emphasise the importance of preparing for this situation, considering alternative work arrangements, and staying informed about global events, particularly those affecting oil prices and energy supplies. The speaker highlights the potential for further escalation in the Middle East and Taiwan, urging caution and preparedness.

The speaker discusses the potential impact of the Strait of Hormuz crisis on the global economy, particularly the semiconductor industry and oil prices. They express concern about the lack of a clear resolution and the potential for a prolonged conflict. The speaker also highlights the importance of staying informed about the situation and taking steps to protect oneself from potential economic consequences.

Key points

* Energy Crisis in Europe: Discussion about the energy crisis in Europe, particularly in the UK, highlighting the inaccurate media reports about the UK’s energy supply. * UK Energy Supply Misconception: Clarification that the UK’s energy supply is not about to run out in two days, but rather, the supply is on a two-day rotation. * Impact of High Oil Prices: Highlighting the negative impact of high oil prices on the economy and expressing hope for a decrease in oil prices. * Energy Source of UK: Norwegian gas via pipelines, North Sea gas via pipelines, and LNG imports. * Limited Gas Storage: UK has only 2 days worth of gas stored, which is about to run out. * Comparison of Energy Shocks: The 1970s energy crisis was driven by geopolitical events, while the 2008 shock was demand-driven. * Government’s Consideration: The government is considering reopening North Sea oil fields. * Oil Field Reopening Challenges: Reopening the fields is not a quick process and would take over six months. * Potential Energy Crisis: Southeast Asia is at risk of running out of energy. * Oil Reserves by Country: US (415 million barrels), Japan (260 million barrels), Germany (110 million barrels), France (120 million barrels), UK (38 million barrels), Italy (70-80 million barrels), Canada (0 million barrels). * 2008 Oil Crisis: Oil prices peaked at $147 per barrel in July 2008 due to strong demand from emerging economies like India and China. * Impact of Oil Price Crash: Oil prices crashed to $32 per barrel by December 2008, leading to higher energy costs and reduced consumer spending, significantly impacting the US economy. * Economic Impact of Oil Crisis: Vehicle production dropped by 44 billion in real terms, leading to over 100,000 job losses and a recession. * Oil Import Dependency: Oil imports reached 3.17% of GDP, draining money from the economy and contributing to the recession. * Digital Income Mastery Program Launch: A new program called Digital Income Mastery has been launched, offering a pre-launch discount and addressing the impact of AI and robotics on jobs. * Economic Hardship Warning: The speaker warns of an impending economic crisis, urging listeners to prepare for job losses and societal disruptions. * Adapting to Economic Changes: The speaker advises considering alternative work arrangements, such as remote work or online opportunities, to mitigate the impact of economic downturns. * Historical Economic Parallels: The speaker draws parallels between the current economic situation and the 1970s, highlighting the impact of military conflicts and oil price shocks. * Investment Advice: Precious metals tend to perform well during certain cycles, while stocks, especially consumer cyclical stocks, may not. * Middle East Situation: The speaker advises against investing in airline stocks in the Middle East due to the current situation. * Dubai Airport Strike: A serious strike has occurred at Dubai airport, reinforcing the speaker’s previous advice to avoid the location. * Flight Suspension and Airport Closure: All flights to and from Dubai have been temporarily suspended, and people are advised not to go to the airport. * Impact on Shipping: A significant decrease in the number of ships passing through the strait, impacting energy flow and causing a backlog. * Oil Reserves Release: Discussion about the release of emergency oil stocks, highlighting the vast amount (400 million barrels) and the limited reserves available. * Oil Reserves Depletion: G7 countries are releasing 33% of their emergency oil reserves, amounting to 400 million barrels, just two weeks into the conflict. * Oil as an Indicator: The speaker emphasises that monitoring oil prices is crucial as it reflects the broader economic and geopolitical situation. * Global Oil Shortages: The video highlights the dire situation of oil reserves in various countries, with some like Pakistan having only 0-10 days left. * Oil Price Impact: Oil price is hovering at $100 a barrel, which will be a nightmare and impact Taiwan. * Taiwan’s LNG Strategy: Taiwan decided to follow a US plan and import LNG from the US instead of building its own infrastructure. * China-Taiwan Tension: China may take military action against Taiwan when the US is preoccupied with other crises. * Semiconductor Production: 90% of semiconductors are made in Taiwan, which is why the US defends Taiwan. * Semiconductor Factory Challenges: New factories in Arizona face challenges due to insufficient water supply. * Water Usage in Semiconductor Manufacturing: The speaker questions why semiconductor manufacturing requires filtered water instead of normal water. * Allied Opposition: Other allies refused to support the US in the war against Iran. * US Miscalculation: The speaker questions the US military’s decision-making and Trump’s actions, describing the situation as a disaster. * Potential Outcomes: The speaker outlines three possible options for the US: escalating the conflict, attempting negotiations (unlikely to succeed), or withdrawing and losing face. * US Asset Loss: US assets have been taken out, prompting the US to bring in assets from other locations like South Korea. * Russia and China’s Involvement: The Iranian Foreign Minister openly stated that Russia and China have been providing Iran with intelligence and other forms of support. * Iran’s Stance on Conflict: The Iranian Foreign Minister expressed dissatisfaction with Trump and stated that Iran will not be drawn into a wider war. * Oil Price Increase: Oil prices have increased by 80% in the past week. * Oil Refill Experience: The speaker was surprised that no one else had called to refill their oil tanks despite the impending price increase. * Oil Price Calculation: At the old rate of 60p per litre, a 2,500L tank would cost £1,500 to fill. At the current rate of £2 per litre, the same tank would cost £5,000. * Course Promotion: The speaker promotes a pre-launch sale for a large course, emphasising its value and size. * Oil Price Focus: The speaker stresses the importance of focusing on oil prices and their ripple effects for financial protection.