Canaries in the coal mine
Below is a list of countries with reported energy shortages occurring within the past few months.
Pretty amazing when you see the number of places around the world that are being affected right now.
While Americans and Europeans may grumble about paying more to fill up their comfortable vehicles, a lot of people in poorer areas are sweltering in heat, freezing in the cold, reading by candlelight, and having trouble getting to work, if their place of work is still in operation.
We are just beginning to see the early demand destruction that will surely accelerate as fossil fuels start to become supply constrained.
Asia and Middle East
Nepal Gasoline and diesel
Pakistan Natural gas and electricity
Sri Lanka Gasoline
Viet Nam Electricity
What do you think? Leave a comment below.
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