apparently it does not, those are not barrels of oil but rock | Inflation Today

apparently it does not, those are not barrels of oil but rock formation with natural gas in it, which runs out very quickly when fracked. Saudi is the only country with real oil in it, and the 4th and final field is basically running out next month. It's not the gasoline that will be a problem, it's the diesel. Nothing can replace it, and we are already seeing rolling diesel blackouts worldwide. Like in the 70s, it's associated with high monetary inflation, but last time they fixed the problem with Saudi Arabia. But this time, there is no fix.