I've been seeing the tremors for the last few months or so, but I think the big one is on the horizon.
The US is about to be out of stuff, and by stuff I mean literally everything.
I own the biggest privately owned drilling products manufacturer in my section of the industry, and I have been getting panic calls from virtually every main drilling contractor trying to find equipment which nobody has.
I'm the exclusive manufacturer for the #4 largest drilling contactor in North America, and I'm contractually obligated to keep 6 months of consumption on hand for them, and if I didn't have that, they would be going dark.
Outside of my product they can't get rig wash, top drive spares, bop spares, pd spares, handling tool spares you name it. Other companies are in much worse shape, and are having rigs on npt due to lack of availability of critical items.
Outside of my industry I have a buddy who is a big wig at Aldi, and he says paper goods, plastic goods, and consumer good lead times are pushing out to 20 weeks, and they only have about 6 weeks supply that they're confident of.
In short, I think you'll see emptier grocery stores, public utilities without spare parts, drilling rigs idle from lack of equipment, and product trickling in from the ports which are running at 15% capacity.
Imagine what this country looks like when people have limited food, no water, no power, and gas costs $8/gallon. It ain't gonna be pretty.
The US is about to be out of stuff, and by stuff I mean literally everything.
I own the biggest privately owned drilling products manufacturer in my section of the industry, and I have been getting panic calls from virtually every main drilling contractor trying to find equipment which nobody has.
I'm the exclusive manufacturer for the #4 largest drilling contactor in North America, and I'm contractually obligated to keep 6 months of consumption on hand for them, and if I didn't have that, they would be going dark.
Outside of my product they can't get rig wash, top drive spares, bop spares, pd spares, handling tool spares you name it. Other companies are in much worse shape, and are having rigs on npt due to lack of availability of critical items.
Outside of my industry I have a buddy who is a big wig at Aldi, and he says paper goods, plastic goods, and consumer good lead times are pushing out to 20 weeks, and they only have about 6 weeks supply that they're confident of.
In short, I think you'll see emptier grocery stores, public utilities without spare parts, drilling rigs idle from lack of equipment, and product trickling in from the ports which are running at 15% capacity.
Imagine what this country looks like when people have limited food, no water, no power, and gas costs $8/gallon. It ain't gonna be pretty.
