The world is hitting tank‑bottom oil inventories by September.
Oil inventories work like blood in the human body: you can donate a bit, but below a certain level your blood pressure tanks and organs start failing. You don’t die because blood hits zero, you die because circulation collapses
That’s where we are with oil. We began the year with more than 8 billion barrels in storage, yet only around 10% was actually usable without pushing the system into stress... that safety margin has now been drawn down.
The next stage is dropping to operational floor levels, where pipelines and refineries start failing – that’s the real tank bottom.
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America's economic center of gravity has shifted, and with TXSE there's an exchange to match it.
Good Morning!
"Spend so much time improving yourself that you have no time to criticize others. Give everyone a smile." - Norman Vincent Peale. - (Born 1898 - Died 1993).
Blessings on your day!
Tocqueville visited America in 1831-32 and was struck by this difference from Europe.
In aristocratic societies, manual labor was often looked down on by the upper classes. In America, with no hereditary wealth or rigid ranks, work itself carried dignity and honor.
This mindset helped fuel the rise of the self-made man.