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Remember this? It's guaranteed to happen again if the war doesn't end immediately... and it's just physics. Here's why: During Q2 of 2020, the global economy came to a screeching halt Demand for oil fell by about 23mln barrels per day

Robert (infra 🏛️⌛️)

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146,121 Aufrufe • vor 6 Monaten •via X (Twitter)

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Q: "How important is Venezuela now to the global oil market?" "Now, they produce about a million barrels per day, which is significant, but when you look at the global market for oil, it's a little over 100 million barrels per day," Tortoise Capital Advisors' Brian Kessens says.

Q: "How important is Venezuela now to the global oil market?" "Now, they produce about a million barrels per day, which is significant, but when you look at the global market for oil, it's a little over 100 million barrels per day," Tortoise Capital Advisors' Brian Kessens says.

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The EIA just confirmed that, in April, we experienced unplanned shortages of over 15 million barrels of oil per day. This was higher than March, and it's safe to assume May will be higher than April if the Strait remains closed. They go on to forecast we'll have 1.7 million barrels missing by the end of the year. I think that's being optimistic. Full report:

The EIA just confirmed that, in April, we experienced unplanned shortages of over 15 million barrels of oil per day. This was higher than March, and it's safe to assume May will be higher than April if the Strait remains closed. They go on to forecast we'll have 1.7 million barrels missing by the end of the year. I think that's being optimistic. Full report:

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Trump just admitted the US wages war to steal oil from socialist countries: “We're taking a lot of oil from Venezuela, billions and billions of barrels of oil. It's one of the most fertile places for oil in the world, and it was a 48-minute war. To the victor belong the spoils.”

Trump just admitted the US wages war to steal oil from socialist countries: “We're taking a lot of oil from Venezuela, billions and billions of barrels of oil. It's one of the most fertile places for oil in the world, and it was a 48-minute war. To the victor belong the spoils.”

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Sec. Wright on Venezuelan oil production: "Today, it's over 1.2 million barrels/day. I think we'll be well over 1.5 million barrels/day by the first half of next year — and Venezuelan production will be over 2 million barrels/day by the end of this decade."

Sec. Wright on Venezuelan oil production: "Today, it's over 1.2 million barrels/day. I think we'll be well over 1.5 million barrels/day by the first half of next year — and Venezuelan production will be over 2 million barrels/day by the end of this decade."

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Rogin: If he says it's about law enforcement, then why are the ships still there? And if he says it's about oil, well, we don't use our military to grab oil from countries. By the way, it's not our oil. It's their oil, If they violated a contract, then that's not what the U.S. Military is for.

Rogin: If he says it's about law enforcement, then why are the ships still there? And if he says it's about oil, well, we don't use our military to grab oil from countries. By the way, it's not our oil. It's their oil, If they violated a contract, then that's not what the U.S. Military is for.

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“EV charging in China was 17.2 TWh in August, up 51.2% year-on-year. That's equivalent to ~1.3 million barrels of oil a day, in a global oil market that shifts about 100m bpd. Just the change from last year cuts global oil demand by 0.5m bpd.” ⚡️⚡️⚡️

“EV charging in China was 17.2 TWh in August, up 51.2% year-on-year. That's equivalent to ~1.3 million barrels of oil a day, in a global oil market that shifts about 100m bpd. Just the change from last year cuts global oil demand by 0.5m bpd.” ⚡️⚡️⚡️

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.Secretary Chris Wright on Venezuelan oil production: "Today, it's over 1.2 million barrels/day. I think we'll be well over 1.5 million barrels/day by the first half of next year — and Venezuelan production will be over 2 million barrels/day by the end of this decade."

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Apparently if you give R1 a problem equivalent to the Halting Problem it just... doesn't halt. It's been at this for 10 minutes

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"Here's a very simple rule of thumb: If you're going to institute a policy that's going to upend your own economy, the global economy, foreign relations and change our position in the world... It's probably best to check that it's constitutional first. "

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A US Senator was asked if America should end the war. His answer: "If China never gets oil again and their economy is destroyed — that would be a wonderful day." Now you know what this war is about.

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People still don't understand what's really going on. This is exactly how they've been able to crush oil prices during the Iran war. Oil prices have never been about supply & demand dynamics, it's a measure of liquidity and speculation.

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Why oil? Because worsening war news tends to threaten energy supply. That pushes oil prices up. So rising oil isn’t just about petrol; it’s a signal about geopolitical risk hitting the global economy.

Why oil? Because worsening war news tends to threaten energy supply. That pushes oil prices up. So rising oil isn’t just about petrol; it’s a signal about geopolitical risk hitting the global economy.

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Zelensky: Both the Americans and the Russians say that if you want the war to end tomorrow, get out of Donbas. It's true, that's what they say. And if you want the war to end tomorrow, forget about the station. The station is not just about money and energy, it's about territorial integrity.

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🚨 WOW! Chevron just announced an $18 billion investment to rebuild oil infrastructure in VENEZUELA, and MILLIONS of barrels per week will be surging to America "Now Venezuela is doing better than it's done in many years, and Exxon Mobile and Chevron, and I think Chevron announced today they're going to spend $18 billion on rebuilding the entire infrastructure for their oil." "And we're taking out millions of barrels a week of oil that's going to Houston, it's going to Louisiana, going to different places, and it's been amazing, actually, it's been really amazing."

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