This article was originally published by Michael Snyder at The Economic Collapse Blog under the title: Oil Production In The Persian Gulf Has Fallen 57 Percent From Pre-War Levels – Rationing And Shortages Are Coming They aren’t telling you the truth about what is coming. Even if the Strait of Hormuz reopens tomorrow, and there is no way that is going to happen, oil production will not return to pre-war levels for years. In other words, we are facing an extended global energy crisis no matter what happens now. Of course, if the fighting resumes and more oil and gas…
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