I’m not an analyst but I knew that was going to happen like 2 months ago. The oil reserves and stolen oil have all been about used up or too close to the bare minimum they need to keep as a reserve. I figured they’d try keeping it propped up until novembers elections if they could make it last even that long.
It’s also going to stay fucked for a good long while. EV’s are going to start getting a lot more product share. Damned shame all the affordable ones aren’t allowed to be sold in the US.
I’m not an analyst but I knew that was going to happen like 2 months ago. The oil reserves and stolen oil have all been about used up or too close to the bare minimum they need to keep as a reserve. I figured they’d try keeping it propped up until novembers elections if they could make it last even that long.
It’s also going to stay fucked for a good long while. EV’s are going to start getting a lot more product share. Damned shame all the affordable ones aren’t allowed to be sold in the US.
Seems to me that anybody who can do high school level math understood that taking roughly 30% of a commodity off the market will cause a crisis.