October 26, 2021

There is an energy shortage of all types for no apparent reason—that is, apparent in the fake normalcy of incompetents screwing everything up. It explains fraud in science. When power mongers can't manage energy, they aren't going to get the abstractions of science right.

The simplest explanation is that China stopped buying coal from Australia last year in retaliation for Australia saying China created "the China disease." One year of China not buying coal from Australia took a lot of energy out of production which is not easily replaced. Now China is trying to make up a shortage of energy, which is taking a lot of energy out of global markets.

On top of that problem is a shortage of crude oil in the U.S. Why would there be a shortage of oil in the U.S., when Trump claimed the U.S. was back in the business of exporting oil? Maybe it has something to do with frackers running out of space, which is the same thing as frackers running out of oil.

A year ago, the story was frackers drilling so close to each other that taking from one well was diminishing the supply in another well. To run out of fracking space is to run out of fracking oil. Not a peep on that, of course. Incompetents don't have those problems.

The oil supply is so low in the U.S. that storage space is empty, even though the economy hasn't fully recovered from the pandemic. That means a lot of oil isn't being produced. Did oil producers go on strike? No explanation in the fakery called media.

At the same time, there is a shortage of natural gas, which gets shipped around the world on cryogenic ships. Two years ago, every country that wanted their name on the map was getting into the natural gas shipping business. It was the wave of the future. Now there isn't enough natural gas.

One reason is that there is less fracking of natural gas. The undisclosed reason is that fracking natural gas is plain and simply stupid. It takes huge investments to break up shale for a few cubic feet of gas. Gas takes up a lot more space than liquid, while liquid fracking never did pay for itself.

Bankers and other wannabe criminals donated twenty percent of the cost of fracking oil to the oil companies with no possibility of recovering their losses—just pure love of corruption brought to you by an increase in consumer expenses.

That means the splurge in natural gas depended upon oil wells producing gas as a byproduct. As the fracking wells ran out of space, the byproduct of gas diminished. So there is less natural gas than there was two years ago.

Also not mentioned in the media is the reason for shutting down Venezuela oil production. Supposedly, the result was retaliation against the previous ruler of Venezuela, Hugo Chavez, who made the rest of the world look like the incompetents that they are. But since he was long gone by the time Venezuela oil disappeared, the real reason for oppressing Venezuela to a point of closing down its oil production was to get rid of a competitor and drive up the price of oil to the level needed to pay 80% of the cost of fracking.

Now that the fracking oil is less available and Venezuelan oil production is discontinued, there is a lot less oil being produced than a few years ago. So of course, the money managers say there needs to be a higher investment in oil exploration. It shows what a bunch of geniuses the business schools produced. They know the oil is always there to be explored.