I am curious about your opinion how does today’s rising food prices - grain fertilizer, stock market, unemployment to come, and now oil combined - are different from the 1980s / is the demand destruction greater is the impact on oil will be more significant?
Thank you for this article. What if the problem is supply side? Not only do we have OPEC+ delivering less and and less oil, Russia may see supply destruction, Libya will probably be offline entirely for a period, Ecuador is a risk... refineries running near 100% in West. China could bring refined product supplies online, not sure if they will choose to or not. India may balk at the idea of a "price cap" implemented by G7 countries... or perhaps they will benefit from a price cap and export more? As much as there are headwinds for demand, there are at least as many risks to supply, perhaps more? Is that part of your analysis? Tx
I am curious about your opinion how does today’s rising food prices - grain fertilizer, stock market, unemployment to come, and now oil combined - are different from the 1980s / is the demand destruction greater is the impact on oil will be more significant?
Thank you for this article. What if the problem is supply side? Not only do we have OPEC+ delivering less and and less oil, Russia may see supply destruction, Libya will probably be offline entirely for a period, Ecuador is a risk... refineries running near 100% in West. China could bring refined product supplies online, not sure if they will choose to or not. India may balk at the idea of a "price cap" implemented by G7 countries... or perhaps they will benefit from a price cap and export more? As much as there are headwinds for demand, there are at least as many risks to supply, perhaps more? Is that part of your analysis? Tx