🚨BREAKING: JPMorgan warns the world could run out of USABLE oil by September for the first time in recorded history.
Global inventories started the year at 8.4 BILLION barrels but only 800 MILLION of that is actually drawable without breaking the system.
If the Strait of Hormuz stays shut, inventories hit the operational floor of 6.8 BILLION barrels this month.
Below that level, pipelines lose pressure and refineries stop functioning. It is no longer a price problem, it is a supply problem.
#oil #diesel $BZ $CL
Global inventories started the year at 8.4 BILLION barrels but only 800 MILLION of that is actually drawable without breaking the system.
If the Strait of Hormuz stays shut, inventories hit the operational floor of 6.8 BILLION barrels this month.
Below that level, pipelines lose pressure and refineries stop functioning. It is no longer a price problem, it is a supply problem.
#oil #diesel $BZ $CL
