@GavMcCracken Where to even start…
- 1.3mb lost was the lowest level of China’s covid lockdowns ��
- Chinese consumers have few levers to reduce oil consumption. They drive EVs and e-bikes.
- Chinese oil demand is primarily driven by industry i.e., Western consumption
- headline dissonance
> @calvinfroedge is a barnacle alarmist?
> @GavMcCracken just got lucky?
> and expert paper oil traders say there are ample oil supplies for years?
> the boomers who were 25 in 1983 for WTI futures, addicted to blow, and “succeeded” through the greatest deflationary period ever?