"...the world is silently slipping into a future of shortages and inflation as society’s demands for the products and fuels manufactured from crude oil are exceeding the supply available from the dwindling number of refineries.
- In 2019 there were 135 refineries in the U.S. but five facilities were shuttered during the last two years.
- Each refinery location is a business that needs to make business decisions. Consequently, one in five oil refineries is expected to cease operations over the next five years...
...Oil derivatives to make thousands of products such as:
- Tires for the billions of vehicles.
- Asphalt for the millions of miles of roadways.
- Medications and medical equipment.
- Vaccines.
- Communications systems, including cell phones, computers, iPhones, and iPads.
- Water filtration systems.
- Wind turbines and solar panels, as all are made with products from fossil fuels..."
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