#oilshortage — Public Fediverse posts
Live and recent posts from across the Fediverse tagged #oilshortage, aggregated by home.social.
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It's not time to despair and freak out. We can survive the oil crisis and the ensuing famine, and we can build a better society.
But the longer we stay in denial, the harder each of those will be.
4/4
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In reply to Mark (@Mark4XX):
BIGGEST ENERGY CRISIS IN HISTORY: $150 OIL IN WEEKS AS INVENTORIES PLUNGE TO RECORD LOWS
Eric Nuttall, partner and senior portfolio manager at Ninepoint Partners, delivered a sobering message in his Bloomberg TV interview. We are living through the biggest energy crisis anyone alive has ever seen — yet most of the world still has no idea what is coming. With Middle East production slashed by 14 million barrels per day, the safety buffer is gone and inventories are about to hit all-time lows.
THE UNPRECEDENTED SHORTAGE
➡️ Middle Eastern production is down a staggering 14 million barrels per day.
➡️ Already lost 650 million barrels of production — and that climbs to 1.5 billion even if the Strait of Hormuz reopens tomorrow.
➡️ The last ships that left before closure have now unloaded, leaving zero safety buffer.
THE INVENTORY COLLAPSE
➡️ US diesel stocks fell 4% in a single week while gasoline dropped 3% outside driving season.
➡️ Global oil inventories are heading straight to all-time record lows by the end of May.
➡️ Complacency rules because the human mind simply cannot grasp something this enormous.
THE INEVITABLE PRICE SPIKE
➡️ Demand must be rationed more severely than during COVID — and price is the only way to do it.
➡️ Expect oil well in excess of $150 per barrel in the coming days or weeks.
➡️ Physical markets are already trading at these brutal levels.
THE POST-CRISIS OUTLOOK
➡️ Nuttall went 100% oil weighted back in January — his fund is already up 44%.
➡️ Once the Strait reopens he still sees an $80 floor with demand boosted 40% from restocking depleted inventories and SPRs.
THE BOTTOM LINE
Eric Nuttall has spent 25 years in this market and calls this the biggest disruption of his lifetime. The world is sleepwalking into a supply shock that will force prices higher faster than anyone expects.
This is the calm before the storm hits hard.
#EnergyCrisis #150Oil #OilShortage #StraitOfHormuz #RecordLowInventories #OilPrices #EnergyShock
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IMF Tells Europe Not to Repeat Its Costly Energy Crisis Mistakes
The European Union should not overdo fuel subsidies aimed at cushioning the oil shortage blow to businesses and…
#Europe #EU #energycrisis #EuropeanUnion #fiscalpolicy #fuelsubsidies #IMF #inflation #Oilprices #oilshortage #state-aid
https://www.europesays.com/europe/16041/ -
White House NEC Chairman Kevin Hassett says single tanker through Strait of Hormuz could deliver 2 million barrels, significantly easing war-driven global oil shortage as US-Iran ceasefire agreement promises increased vessel passage pending weekend negotiations in Islamabad
#YonhapInfomax #StraitOfHormuz #OilShortage #KevinHassett #IranCeasefire #GlobalOilSupply #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=114831 -
White House NEC Chairman Kevin Hassett says single tanker through Strait of Hormuz could deliver 2 million barrels, significantly easing war-driven global oil shortage as US-Iran ceasefire agreement promises increased vessel passage pending weekend negotiations in Islamabad
#YonhapInfomax #StraitOfHormuz #OilShortage #KevinHassett #IranCeasefire #GlobalOilSupply #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=114831 -
White House NEC Chairman Kevin Hassett says single tanker through Strait of Hormuz could deliver 2 million barrels, significantly easing war-driven global oil shortage as US-Iran ceasefire agreement promises increased vessel passage pending weekend negotiations in Islamabad
#YonhapInfomax #StraitOfHormuz #OilShortage #KevinHassett #IranCeasefire #GlobalOilSupply #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=114831 -
White House NEC Chairman Kevin Hassett says single tanker through Strait of Hormuz could deliver 2 million barrels, significantly easing war-driven global oil shortage as US-Iran ceasefire agreement promises increased vessel passage pending weekend negotiations in Islamabad
#YonhapInfomax #StraitOfHormuz #OilShortage #KevinHassett #IranCeasefire #GlobalOilSupply #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=114831 -
Cuba Frees Thousands Amidst Tightening US Squeeze
Cuba frees over 2,000 prisoners during Holy Week. This happens as the US tightens oil supply, causing economic hardship. Who gets released and why?
#CubaPrisonRelease, #USCubaRelations, #OilShortage, #HavanaNews, #HumanitarianGesture
https://newsletter.tf/cuba-releases-prisoners-amid-us-oil-squeeze/
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Cuba Frees Thousands Amidst Tightening US Squeeze
Cuba frees over 2,000 prisoners during Holy Week. This happens as the US tightens oil supply, causing economic hardship. Who gets released and why?
#CubaPrisonRelease, #USCubaRelations, #OilShortage, #HavanaNews, #HumanitarianGesture
https://newsletter.tf/cuba-releases-prisoners-amid-us-oil-squeeze/
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Cuba has released over 2,000 prisoners, the second large release this year. This happens as the US tries to limit oil shipments to the island.
#CubaPrisonRelease, #USCubaRelations, #OilShortage, #HavanaNews, #HumanitarianGesture
https://newsletter.tf/cuba-releases-prisoners-amid-us-oil-squeeze/ -
Cuba has released over 2,000 prisoners, the second large release this year. This happens as the US tries to limit oil shipments to the island.
#CubaPrisonRelease, #USCubaRelations, #OilShortage, #HavanaNews, #HumanitarianGesture
https://newsletter.tf/cuba-releases-prisoners-amid-us-oil-squeeze/