The vast majority of Americans are nowhere near prepared either economically or psychologically to deal with the fallout from this if and when it happens:
Link: Analysis-global oil inventories depleted, next price spike could roil economies, markets
"HOUSTON/NEW YORK, June 5 (Reuters) - Global oil inventories are running dangerously low as a deal to re-open tanker traffic through the Strait of Hormuz has proven elusive, and industry executives and analysts warn there could be another oil price shock in the coming weeks, severe enough to upset broader financial markets.
Some fear the next move higher for oil prices would pose a risk to economic growth, bond yields and the bull market for stocks.
"We're approaching unheard of inventory levels. I mean, really, really low levels. You can debate whether that's going to hit those really low levels in two weeks or three weeks. But once you get to that point, you'll see prices shoot up," Neil Chapman, Exxon Mobil senior vice president, said at the Bernstein conference in New York on May 28.
Chapman said that if inventory levels get much lower, dated Brent, which is used to price more than 60% of globally traded crude, could rise to $150 or $160 a barrel."
Most Americans, including myself until recently, are clueless as to how the energy markets work which makes them clueless as to the economic catastrophe looming over them because Dumbass DonOld Drumpf let Bibi Netanyahu talk him into joining Israel in their 'Big Iran Armageddon Adventure.'
Listen to an industry expert I follow on YouTube named Matt Randolph whose online name is 'Mr. Global,' explain it in more concise, knowledge-based terms:
Link: Oil Executives Meet With Trump To Warn Him About Coming Energy Crisis
American voters may want to start paying attention to this stuff considering how it has the potential to drastically impact their economic lives and economic futures.
---TFG
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