Iran War Expected to Spark Global Energy Crisis. Here’s What Americans Can Expect at the Pump.
7/23/20261 hr 47 min
What happens when you remove more than a billion barrels of oil from the global energy supply? Both the government and futures markets assure us everything will be fine. That’s probably not true.
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Dr. Chris Martenson, PhD (Duke, Pathology) and MBA (Cornell), is an economic & energy researcher, a reality-based analyst, and founder of PeakProsperity.com (http://peakprosperity.com/), a vibrant online community that’s now 25 years in the making. By blending scientific rigor with profound skepticism of official narratives, Chris’s mission is to help people see the true drivers of economic growth and history so that they may become more resilient and build buffers against the shocks to come. He’s also a farmer, father, businessman, Christian, devoted husband, fly fisherman, a pistol and long-rifle shooter, and an author.
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First 90 secondsTucker Carlson· Host0:00
The first thing to know about the two wars now in progress in Ukraine and in Iran is that they're about energy, because Iran and the countries around Iran produce about twenty percent of global oil supply. Russia, meanwhile, produces about twelve percent of global oil supply. So these are the biggest energy-producing regions in the world, and the wars have gravely affected their ability to produce that energy and to ship it anywhere else and to refine it, for that matter. So that's the first thing to know. The second thing to know is that energy is the same as prosperity. The more energy a country uses, the richer it is. There is a one-to-one correlation between energy use and the size of your economy, GDP roughly measured. I mean, look at the list of the countries that consume the most energy and put it side by side the richest countries, and they are directly connected. The country that uses the most energy per capita on the planet is Qatar, which is also by most measures the richest country. Tiny population, three hundred and fifty thousand, massive natural gas supplies, huge per capita wealth in that country, and huge per capita energy use, about roughly nineteen thousand kilowatt hours per citizen. On the other end, the poorest country in the world, arguably South Sudan, their energy use per capita, fifty-one kilowatt hours. United States, by the way, about twelve