The World Is Burning Through Its Oil Safety Net
There is a growing risk that prices of crude oil and its derivatives will peak after the current Iran War crisis ends. There may be no way to avoid that crisis;
That is the title of a Wall Street Journal (WSJ) article that tells us that an oil crisis is looming. The thesis of that article is that the world has been cushioning the shock of Middle East supply disruptions by consuming its emergency reserves and stored inventories, and that cushion is rapidly disappearing.
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