Submission Statement: Oil is central to the global economy. A sustained reduction in oil supply in the short term could create a demand destruction recession. That hasn’t happened yet – but that’s largely because a number of structural buffers have been in play. Those are not indefinite. This article, while nearly a month old at this point, discusses the timelines on which those are likely to exhaust themselves and the price volatility that will follow, as soon as before the end of next month.
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Submission Statement: Oil is central to the global economy. A sustained reduction in oil supply in the short term could create a demand destruction recession. That hasn’t happened yet – but that’s largely because a number of structural buffers have been in play. Those are not indefinite. This article, while nearly a month old at this point, discusses the timelines on which those are likely to exhaust themselves and the price volatility that will follow, as soon as before the end of next month.
https://i.redd.it/ctnhzondtp9h1.gif
>Robin Brooks
🤡
Great