Novak Djokovic: "Federer and Nadal come from two Western powers. I came from Serbia and said out loud that I was going to be number 1. The entire system did not like that: media, sponsors, tournaments. I felt like an unwanted guest crashing their party. It really hurt me back then. They wanted me to play to their tune — be politically correct, fit into their script. It hurt me so much that I even changed my behavior, hoping they would accept me. In the end, I understood that I needed to stay true to myself and to accept that some people will never like me. And that's fine. I am who I am and I sleep peacefully."
CHEVRON CEO: PHYSICAL OIL SHORTAGES HAVE BEGUN AND PRICES WILL FOLLOW
Chevron CEO Mike Wirth just delivered a blunt assessment that cuts through the market noise. Traders keep crude pinned between 90 and 100 dollars because they believe the Strait of Hormuz crisis is almost over. The physical facts on the ground tell a far more dangerous story of collapsing inventories and shortages that have already arrived.
THE MARKET PSYCHOLOGY TRAP
➡️ Traders see the conflict as closer to the end than the beginning and expect flows to resume very quickly.
➡️ That belief has kept the back end of the futures curve artificially low.
➡️ The psychology has so far prevented prices from moving toward the much higher levels the supply shock would normally justify.
THE INVENTORY REALITY
➡️ Crude and product inventories are steadily drawing down in locations around the world right now.
➡️ June and July are going to be critical months as the trajectory heads straight toward the bottom.
➡️ The data shows a clear and concerning path that cannot be wished away.
THE SHORTAGE EVIDENCE
➡️ Physical shortages have already appeared in some Asian markets.
➡️ "We've seen some rationing" and adjusted workweeks imposed in affected countries.
➡️ The system carries powerful inertia and turning it around will not be easy or fast.
THE US TIGHTNESS
➡️ Distillate fuel inventories in the United States have reached their lowest levels since 2003.
➡️ Refineries are running at maximum utilization while record exports continue to support allies.
➡️ Seasonal demand is rising into an already extremely tight market.
THE UNPRECEDENTED SCALE
➡️ Twenty percent of the world's energy production has been cut off for nearly 100 days.
➡️ A billion barrels that should have been in the market are simply not there.
➡️ This is not a normal cycle and the usual patterns may not apply in the usual way.
THE BOTTOM LINE
Mike Wirth makes it clear that the current price calm rests on hope rather than physical reality and the risk of genuine shortages spreading is rising fast.
The calm before the storm is ending.
#OilShortages #ChevronCEO #EnergyCrisis #OilPrices #InventoryCrash #AsiaRationing #USDistillateLow
🚨Tulsi Gabbard warns America about 25+ US-funded Biolabs in Ukraine
Tulsi Gabbard: Mitt Romney, you have called me a ‘treasonous liar’ for stating the fact that “there are 25+ US-funded Biolabs in Ukraine which if breached would release & spread deadly pathogens to US/world” and therefore must be secured in order to prevent new pandemics.