The oil crisis is worse than anything in modern history. Nobody is panicking. That's the problem...
The oil crisis is worse than anything in modern history. Nobody is panicking. That's the problem...
Here's what's actually happening in plain English: the world uses 100 million barrels of oil a day.
Right now, 15 to 20 million of them are missing because of the Hormuz blockade.
That gap is bigger than America's entire daily oil usage.
You haven't felt it at the pump yet because every country has been burning through emergency stockpiles.
JP Morgan says those reserves run out around April 20th. That's literally now.
Oil is in everything. Not just gas.
It's how your groceries get to the store, how fertilizer is made, how factories run.
Fertilizer prices are already spiking.
That hits food prices in about 6 months.
The stock market is at an all-time high acting like nothing is wrong.
Main Street consumer sentiment is at historic lows.
One of them is lying.
Historically, it's never been the person filling up the tank.
The last two times something like this happened, the market fell 21% and 52%.
By summer, gas, groceries, and basically everything else could cost noticeably more.
posted by Satish Sharma at
08:41
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