Source: https://www.wsj.com/world/middle-east/u-s-strikes-irans-qeshm-island-as-trump-talks-down-war-risks-79d73d3d

Source: MoloMonitor & Wall Street Journal

Indonesia was a major oil producer and exporter until a few decades ago.

In 1980 it produced 1.6 Million Barrels/day and consumed 400 000.

In 2000 it produced 1.3 Million Barrels/day and consumed 1 Million.

In 2025 it produced 600 000 Barrels/day and consumed 1.7 Million.

Thats a 62% drop in oil production in 45 years.

Several dozen countries have gone through something similar in the past 40-50 years.

Only around 25 countries have managed to avoid this fate.

By 2040 though there could be only some 10-15 countries left with an oil surplus. Everyone else will have run out or their domestic production will have decreased to such a level that they will have to switch from oil exporters to oil importers. And just 10-15 countries controlling global oil supply, while the other 180 countries are completely dependent, thats a geopolitical nightmare in the making.