Underground History

The 12.8 Million Barrel Global Oil Deficit

36 min · 25. maj 2026
episode The 12.8 Million Barrel Global Oil Deficit cover

Beskrivelse

The provided report from the International Energy Agency (IEA), dated May 2026, analyses a massive global oil supply shock triggered by a conflict in the Middle East and the closure of the Strait of Hormuz. This disruption has forced a record drawdown of global inventories and led to extreme price volatility, with crude costs fluctuating near $110 per barrel. While demand is contracting due to higher prices and economic slowing, the market remains in a deep deficit as alternative production from the Atlantic Basin and emergency stock releases struggle to bridge the gap.

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episode The Crimson Thread: Unionist Resistance in the North Carolina Quaker Belt cover

The Crimson Thread: Unionist Resistance in the North Carolina Quaker Belt

During the Civil War and Reconstruction, North Carolina was deeply divided, not only between Union and Confederacy but within its own communities. Secret Unionist organizations such as the Red Strings operated throughout the Piedmont, especially in Quaker and German-influenced regions, resisting Confederate authority, aiding deserters, and sometimes cooperating with the Underground Railroad. These internal conflicts exposed the myth of a unified Confederacy and revealed widespread dissent rooted in class, religion, and geography. After the war, white supremacist groups including the Ku Klux Klan and later the Red Shirts used organized terror, sexual violence, and political intimidation to overturn Reconstruction governments and suppress Black citizenship and white Unionist influence. Federal intervention through Klan trials briefly challenged this violence, but “Redemption” ultimately restored white Democratic control. The legacy of this era—often minimized or erased—continues to shape historical memory, local identities, and debates over who is remembered as an American “hero.”

24. jan. 20261 h 0 min