Oil Execs Say the Great Fuel Crisis Has Arrived

Tuesday, September 15, 2026

"All these mechanisms (tapping storage and national reserves) helped to mitigate the price and supply risk," Chevron (CVX) CEO Mike Wirth said Friday at an energy conference in Austin, Texas, according to The Wall Street Journal. "Those have largely now played out, and we don't have nearly the buffers in the system that we did when [the Middle East war] began."

Posted by americanunity at 04:30 PM | 21 COMMENTS | permalink | Comment on This Entry |

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American oil executives warned for months that the prolonged closure of the Strait of Hormuz was bound to cause a fuel crisis. Now, they say it is here.

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-- The Wall Street Journal (@wsj.com) 5:47 PM Â· Sep 14, 2026

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"The advantage in most negotiations usually goes to the side that has time on their side and is willing to be patient," and Iran is "willing to suffer," Quantum Capital Group CEO Wil VanLoh said at the Austin conference. "Their people have already suffered a lot for many decades."

Analysts say China is in part helping to exacerbate the global supply pinch, resuming bigger purchases from international suppliers after relying for months on its own stockpiles of crude for nearly half of its daily consumption, which had provided a reprieve for oil markets.

#1 | Posted by AMERICANUNITY at 2026-09-15 02:35 AM | Reply

resuming bigger purchases from international suppliers after relying for months on its own stockpiles of crude for nearly half of its daily consumption

I was wondering when that was going to happen. China has been keeping the lid on oil prices all summer.

#2 | Posted by REDIAL at 2026-09-15 03:24 AM | Reply

The Great Trump Fuel Crisis.

The Great MAGA Fuel Crisis.

#3 | Posted by Zed at 2026-09-15 09:57 AM | Reply

Word is that McDonalds and Burger King are buying Trump's mystery meat.

Not that we can afford to drive down for a hamburger anyway.

#4 | Posted by Zed at 2026-09-15 10:00 AM | Reply

"Word is that McDonalds and Burger King are buying Trump's mystery meat."

And they are frying their french fries in stolen Venezuelan oil.

The new McDonalds Happy Meal box with have a label on the underside: "CAUTION: contents may or may not include small bits of obliterated South American fishermen"

#5 | Posted by pumpkinhead at 2026-09-15 11:49 AM | Reply | Newsworthy 1

Saudi Arabia has (had) a two or three day backup storage capacity in case there was a problem with their east-west pipeline.

Now reporting indicates it may be weeks before the pipeline is fully functioning once again.

#6 | Posted by LampLighter at 2026-09-15 12:16 PM | Reply

Trump Strait? 8,6,4,5,Joker

#7 | Posted by redlightrobot at 2026-09-15 05:09 PM | Reply

Republicans... You Built That. All on your own.

#8 | Posted by gtbritishskull at 2026-09-15 05:31 PM | Reply

Just put that beautiful, clean coal in your gas tank ...
-Der Dotard, always with a winning solution to an intractable problem

#9 | Posted by catdog at 2026-09-15 09:02 PM | Reply

Trumpy doesn't pay for gas.

So Trumpy does not see it as a problem. His personal stock holdings are doing just fine thank you very much.

#10 | Posted by donnerboy at 2026-09-15 09:06 PM | Reply | Newsworthy 2

curious as to what the incentive is for "oil execs" to tell the truth about anything at all....

#11 | Posted by South_American at 2026-09-16 12:15 AM | Reply

fuel crises = ka ching ka ching ka ching...

#12 | Posted by South_American at 2026-09-16 12:17 AM | Reply

This was all done on purpose.

Trump eliminated all solar and wind energy projects. Spending billions of tax payers dollars to do so.

Then starts an absurd war with Iran. Spending billions of taxpayers dollars to maintain it.

Gas prices are skyrocketing. Food prices are skyrocketing. Inflation is skyrocketing.

Corporate profits are at an all time high.

There's no other way to put it than, this was all done on purpose.

Just wait until you see republicans win in November.

Democrats won't challenge the results.

#13 | Posted by ClownShack at 2026-09-16 12:27 AM | Reply

His personal stock holdings are doing just fine thank you very much.

#10 | Posted by donnerboy

And he'll change them to holdings that will do well based on the information he gets before anyone else.

#14 | Posted by jpw at 2026-09-16 02:16 AM | Reply

There's no other way to put it than, this was all done on purpose.

I've said repeatedly that the reason things don't make sense is because we're not privy to the actual goals and objectives.

The only way this war is making sense is that certain sectors pushed for it to boost their standing and profitability artificially.

A war with seemingly no objectives other than to spend money and munitions. Why?

So that they can then demand $1.5 trillion in funding to replenish it. All at inflated costs I'm sure.

And the depletion of world oil reserves? To be replenished at record high prices, I'm sure.

It's almost as if they looked at the pandemic spending and pharma company profits and decided that manufacturing a crisis to force similar government spending in their spheres was a good idea.

#15 | Posted by jpw at 2026-09-16 02:54 AM | Reply | Newsworthy 1

Anyone else remember this January meeting? the month before the Iran War?

President Trump Participates in a Meeting with Oil and Gas Executives

www.whitehouse.gov

I'd have loved to be a fly on the wall when the press wasn't in the room and cameras weren't rolling.

#16 | Posted by AMERICANUNITY at 2026-09-16 05:27 AM | Reply

"Just wait until you see republicans win in November.
Democrats won't challenge the results."

we'll see.....

#17 | Posted by eberly at 2026-09-16 09:16 AM | Reply

"Just wait until you see republicans win in November.
Democrats won't challenge the results."
we'll see.....

#17 | Posted by eberly

Eberly, you would be proud.

Here in Texas:
1. We have Trump trying to delay mail in ballots at USPS so they don't count even if sent properly and legally
2. Texas suspended 1.2 million people from the voting rolls without notice that they were suspended (300,000 just from Harris County)
3. We are ditching huge numbers of polling stations in urban areas to ensure voters have to wait 3-8 hours in line to vote IF they are willing to stay that long

That's not cheating, right?

#18 | Posted by Sycophant at 2026-09-16 10:50 AM | Reply

Yeah, at some point you have to call it what it is....a deliberate attempt to reduce the number of voters.

What part of that do you suppose I'm proud of?

And you realize that has nothing to do with my comment to Clown you referenced?

#19 | Posted by eberly at 2026-09-16 11:10 AM | Reply

-We are ditching huge numbers of polling stations in urban areas to ensure voters have to wait 3-8 hours in line to vote IF they are willing to stay that long

Are you aware that Texas has been doing that for 13 years....and it totals over 700 polling places statewide?

Seriously....did you know that?

#20 | Posted by eberly at 2026-09-16 11:26 AM | Reply

Are you aware that Texas has been doing that for 13 years....and it totals over 700 polling places statewide?

Voter suppression has been ongoing for 13 years, so it's okay?

Since they've been cheating this long, why stop them now?

Sycophant, I believe, was pointing out the fact republicans are cheating and democrats aren't doing annything about it.

Then there's the Supreme Court which approved Texas's redistricting, but shot down Virginia's.

Until democrats embrace the 2nd amendment, republicans will continue to steamroll them.

#21 | Posted by ClownShack at 2026-09-16 01:07 PM | Reply