It's gone daddy gone, your oil is gone, It's gone daddy gone, your oil has gone away. #winningnennui

The Billion-Barrel Hormuz Oil Shock Is About to Crash Demand​

(Bloomberg) -- The Strait of Hormuz oil shock has yet to crash demand as the rich world borrows from its stocks and pays up to secure supply. Traders are now sounding the alarm that a harsh adjustment is coming.

The longer the vital oil channel doesn’t reopen, traders say, the more consumption is going to have to recalibrate lower to align with supply that’s dropped at least 10%. And for that to happen, people will have buy less, either through prices they can’t afford, or government intervention to force consumption down.

A billion barrels of supply loss is already all-but guaranteed — more than double the emergency inventories that governments released not long after the conflict began at the end of February. Buffers are being used up fast, helping to keep a lid on oil prices for now. But with the closure now in its ninth week, demand destruction that started in less obvious sectors like petrochemicals in Asia, is quietly spreading to everyday markets the world over.

“Demand destruction is happening in places that are not visible pricing centers,” Saad Rahim, chief economist of trader Trafigura Group, told the FT Commodities Global Summit in Lausanne this week. “That adjustment is already happening, but if this continues, it has to get larger and larger. We’re at a critical inflection point.”


THANKS, OBAMAHILLARYBIDEN, IT'S NOT DADDY TRUMP'S FAULT!

This is good for the environment and will prevent Iran from nuking half the planet back to the Stone Age.

Prowler "not triggered" Thunberg

Go choke on LogLoverLarry's micro penis, Fagmin.

Hey @mastersplither Good to see you. Anyone else have any comments questions or confused shrieking?

Admin. said:

Hey @mastersplither Good to see you. Anyone else have any comments questions or confused shrieking?

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My only complaint is that moar poarn is needed.

Admin. said:

Hey @mastersplither Good to see you. Anyone else have any comments questions or confused shrieking?

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Likewise. Post more content, the place could use it.

More TDS? Lotusbaum has that more than covered.

Adam Hitler said:

More TDS? Lotusbaum has that more than covered.

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Oh Scouse. TDS is outta control In the states. He’s thinking he’s God now, and insists on sucking Netanyahus dick. I know, someone to be admired. He will be gone soon.

I've been very critical about his cock sucking of Satanyahoo. He has done a lot of good too though, which unfortunately has been overshadowed by his recent behaviour and won't be what he'll be remembered for.

Adam Hitler said:

I've been very critical about his cock sucking of Satanyahoo. He has done a lot of good too though, which unfortunately has been overshadowed by his recent behaviour and won't be what he'll be remembered for.

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Good? He will be remembered as the absolute worst in history. It’s rather funny

Seamajor said:

Good? He will be remembered as the absolute worst in history. It’s rather funny

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Yes yes, I know you love illegal immigrants and Marxist DEI policies.

Getting rid of USAID was arguably his best decision.

WRONG!! Just mOAR scare tactics from the LEFTISTS!!! MAGA!!!

Admin. said:

Please, Log in or Register to view URLs content!

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...and to think this is all happening cuz dirty donnie didn't want the world to know what was in the Epstein files. @Admin.

I bet Israel told Trump to attack Iran or else they'd release ALL the dirt on him.

Color me surprised at the same old confused shrieking by the board simpletons.