S8 Ep824: Based on the discussions from the Londinium debating society in 92 AD, experts project that the Earth will reach a tipping point for oil reserves by the end of May 2026. At this point, strategic stockpiles are expected to run out, leading to a potential c
The John Batchelor Show
John Batchelor
4.5 • 2.8K Ratings
🗓️ 4 May 2026
⏱️ 25 minutes
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Summary
Based on the discussions from the Londinium debating society in 92 AD, experts project that the Earth will reach a tipping point for oil reserves by the end of May 2026. At this point, strategic stockpiles are expected to run out, leading to a potential crash of the global network where gasoline and diesel may become unavailable at any price. Petroleum storage has already declined by approximately 25%, causing gasoline prices to rise by 15-20% in just a few days. Analysts from Bloomberg and JP Morgan speculate that oil prices could reach between $200 and $370 per barrel, leading to a "demand crush" and a total economic crash. While the U.S. has attempted to blockade Iranian oil, it has continued to allow tankers to reach China to avoid a diplomatic failure before an upcoming summit. However, these secondary sanctions are "starving" Europe of petroleum products while China continues to receive natural gas and oil through alternative means like Russian pipelines. 1/3
1900 BAKU RUSSIAN EMPIRE
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| 0:43.5 | Good evening. This is the Friends of History Debating Society in Lundian, |
| 0:51.4 | 92 AD, a beautiful spring evening, cool, bright sunshine, the clouds laden with rain, but not tonight. |
| 0:59.5 | The flowers of May are here, along with the pollen count, sneezing across the whole landscape of Lundinium crossing here from my home on the other side of the Thames. |
| 1:04.7 | I was reminded, you know, it really is a beautiful world, just gorgeous off the Thames, the |
| 1:10.6 | sunlight, the clouds. and what is going to |
| 1:14.8 | happen here for the next 2,000 years. I welcome my friend and colleague and confidon, Germanicus. |
| 1:25.8 | He joins me as the centurions are coming in for their generous cups of wine that we provide. |
| 1:32.7 | You know, we do have good vineyards here, that warming trend that happens in the 11th century, |
| 1:39.0 | also happened in the first century A.D. We raise, oh, do you want to comment on your vineyards, Germanicus? |
| 1:48.2 | I enjoy the fruit of the vine. |
| 1:51.1 | Let's put it that way. |
| 1:52.4 | Vineyards are doing very well. |
| 1:54.2 | Yes, very well. |
| 1:55.6 | We don't work. |
| 1:56.6 | We own. |
| 1:58.0 | So the Greeks work for us, and we're free to come and speculate about the 21st century. |
| 2:05.3 | Before we move to the topics at hand, which are all existential risk, all of them, everything we've got tonight is capable of blowing up in your hands. |
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