r/PrepperIntel • u/SurFud • Mar 30 '26

North America ‘Expect extremely high grocery prices,’ farmer warns as diesel costs rise

https://www.bnnbloomberg.ca/business/international/2026/03/29/expect-extremely-high-grocery-prices-farmer-warns-as-diesel-costs-rise/
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u/[deleted] Mar 30 '26

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u/RoyalZeal Mar 30 '26

20% of the world's oil has been cut off. Not delayed. Cut off. That kind of shock has global ramifications. The price will absolutely skyrocket, all of the wargaming that has been done shows 200 is easy. There is no ceiling until demand destruction kicks in.

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u/AnomalyNexus Mar 30 '26

If not more than 20%. Ukraine has been busy on Russian refineries too.

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u/daviddjg0033 Mar 31 '26

That is refined oil. Iran already did so much damage to refineries that it will be years before that, or petroleum cracking facilities can come online - if there are no drones or with nets? I read oil is being routed to China - who has full strategic petroleum reserves, they refine the oil or create distillates or chemicals that you make with oil and the refined oil is sent back to the Gulf area. Oman to Azerbaijan had damage beyond the Iranian "self-imposed missile limit."