The oil shock is real. The 'fuel crisis' is fake.

I will get you a great deal on home solar (or add a quality battery to your existing setup): https://autoexpert.com.au/solarI can also save you thousands on a new car: https://autoexpert.com.au/contactThis is a real oil shock.But it is not the end of oil.And it is not yet the kind of consumer fuel crisis Australia lived through in the 1970s and early 1980s.That’s the point of this report.Right now, a lot of the coverage is blurring two different things:A genuine global supply shockanda full-blown consumer crisisThose are not the same thing.Yes, global oil supply has taken a serious hit.Yes, prices have jumped.Yes, there have been scattered shortages.But no — this is not yet the biggest fuel price spike in history.And no — for most Australians, this is not ration-books, odd/even number plate days, 20-litre caps and queues down the block.That happened in the old oil shocks.This is different.In this report:how big the current oil supply shock actually iswhy a shortage does not mean “the world has run out of oil”how this compares with the Arab oil embargo and the second oil shockwhy the current pain is real, but still not the same as a proper old-school consumer fuel crisiswhy media hype and political overclaim are obscuring the economicsFor most Australians, the real story right now is:fuel is dearer, inflation risk is real, some shortages are real, but this is still a stressed market that is functioning — not Mad Max.If you remember the 1970s or the 1979 shock, I’d be interested in your recollection of what it was actually like on the ground.