{"id":39383,"date":"2026-09-23T12:54:09","date_gmt":"2026-09-23T19:54:09","guid":{"rendered":"https:\/\/www.itmtrading.com\/blog\/?p=39383"},"modified":"2026-09-23T12:54:09","modified_gmt":"2026-09-23T19:54:09","slug":"energy-shock-gold-chris-martenson","status":"publish","type":"post","link":"https:\/\/www.itmtrading.com\/blog\/energy-shock-gold-chris-martenson\/","title":{"rendered":"The Biggest Energy Shock of Our Lifetime. You Don\u2019t Own Enough Gold- Chris Martenson"},"content":{"rendered":"

The market can debate narratives. Physics doesn\u2019t negotiate.<\/strong><\/h2>\n

The energy shock<\/strong> now hitting the global economy is no longer a theoretical risk buried inside an analyst report. It is showing up in tanker traffic, freight rates, diesel prices, strategic reserves\u2014and potentially your cost of living.<\/p>\n

That is the warning Dr. Chris Martenson, founder of Peak Prosperity, delivered in his conversation with Daniela Cambone.<\/p>\n

His central argument is simple: governments can create currency. Central banks can change interest rates. Financial markets can reprice assets in seconds.<\/p>\n

But nobody can print a barrel of oil, manufacture diesel with monetary policy, or replace a damaged pipeline with a press conference.<\/strong><\/p>\n

And when energy becomes scarce or difficult to transport, the effects do not stop at the gas pump. They move through trucking, farming, aviation, mining, manufacturing, food, construction and eventually nearly everything households buy.<\/p>\n

That is why Martenson calls the current situation the biggest energy shock of our lifetime\u2014and why he believes the implications reach far beyond oil and directly into the case for owning gold.<\/p>\n

The Energy Shock Is Hitting the World\u2019s Most Important Chokepoints<\/h2>\n

The Strait of Hormuz is not some obscure line on a geopolitical map.<\/p>\n

It is one of the arteries of the global economy.<\/p>\n

Before the current conflict, the strait handled roughly one-fifth of global oil and gas flows. By September, vessel traffic had collapsed dramatically. Reuters reported that only 17 commodity vessels crossed the strait over one recent weekend, compared with a pre-war average of roughly 125 vessels per day<\/strong>. (Reuters<\/a>)<\/p>\n

And Hormuz is not the only problem.<\/p>\n

Saudi Arabia\u2019s East-West Pipeline\u2014designed specifically to move crude toward the Red Sea and bypass Hormuz\u2014was itself hit in September. The pipeline had been transporting roughly 4 million to 5 million barrels per day<\/strong>, equivalent to approximately 4%\u20135% of global oil supply. (Reuters<\/a>)<\/p>\n

Meanwhile, shipping through the Bab el-Mandeb route has also faced disruption.<\/p>\n

The backup routes now need backup routes.<\/strong><\/p>\n

That matters because an oil supply problem is bad enough. An oil transportation problem layered on top of it can become even more dangerous.<\/p>\n

The market has responded with increasingly elaborate workarounds, including ship-to-ship transfers near Oman. But those workarounds are expensive. Reuters reported that crude transferred through these emergency logistics networks reached roughly 2.5 million barrels per day in September<\/strong>, while freight costs for some shipments climbed above $30 per barrel<\/strong>. (Reuters<\/a>)<\/p>\n

This is the point Martenson keeps returning to:<\/p>\n

Energy is physical.<\/strong><\/p>\n

A futures contract can trade lower.<\/p>\n

A politician can announce another initiative.<\/p>\n

A central bank can change the federal funds rate.<\/p>\n

None of those actions physically moves crude through a damaged pipeline or safely guides an oil tanker through a war zone.<\/p>\n

Diesel Is Where the Energy Crisis Reaches Your Kitchen Table<\/h2>\n

Crude oil gets the headlines.<\/p>\n

Diesel is where the problem enters the real economy.<\/p>\n

As of September 21, the national average retail price for U.S. diesel had climbed to $6.529 per gallon<\/strong>, according to the Energy Information Administration. That was up from $5.257 just six weeks earlier. (U.S. Energy Information Administration<\/a>)<\/p>\n

Why should retirees and investors care about diesel if they do not drive a diesel vehicle?<\/p>\n

Because diesel moves the economy.<\/p>\n

It powers or supports:<\/p>\n