@GasBuddyGuy You mention it's a powder keg. I'm curious if it is because it could make it more difficult to source diesel with how low inventories go? This doesn't seem to be reflected in diesel pricing at all. Still under 2022 highs despite this. On top of no resolution to the strait.
@cap_zay Isnt the worse case scenario is that traffic in the strait stays extremely low indefinitely? Therefore causing the oil inventories to continue to plummet as traffic stays suppressed. Isn't that worse since we will likely reach operational minimums?
@FrankLuntz Essentially what triggered the war in the first place. They have no reason to compromise on it. They have survived years under sanctions. All they have to do is wait out the USA.
@Rory_Johnston Seems like gasoline and distillates are both about to crash through the 5 year range. Could both start going parabolic when that happens? Seems like at this point exports are gonna rise until they hit the physical limits.
@staunovo Well the gasoline and diesel surplus from last year has disappeared. I wouldn't be surprised if both hit record lows by the end of next month. First will be distillates then gasoline.
@GavMcCracken Could it be that tankers are prioritizing products over crude oil right now. Even with that crude oil is still drawing if you consider spr reserve draws.
@BirthGauge@AdamasNemesis imo this is the biggest difference. When people use examples like the black death when population did decline they don't realize it was way above replacement hence it rebounded. This time it's not.
@JesusFerna7026 Is this sufficient to push the global fertility rate below replacement? I believe you stated in one of your articles on demographics that it was almost there if not already. A one million drop in births does seem like it would be enough to push it below replacement.
@Kool_00001 @TravisCUxOn @ChevroletCanada Do you not think grid operators haven't upgraded grid capacity. I'm genuinely curious if you think it's impossible for grid operators to expand capacity?