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World Economic Forum Founder Klaus Schwab Hospitalized
4/14/2024
Klaus Schwab, the founder and executive chairman of the World Economic Forum (WEF), has been admitted to the hospital. This news has sent ripples across the global community and on social media.
Klaus Schwab, 86, was reportedly admitted to the hospital late last night. The details surrounding his hospitalization have not been officially disclosed, leading to widespread speculation among the WEF community. As a prominent figure in global economic and political circles, Schwab's health has always been a matter of public interest.
The World Economic Forum, which Schwab founded in 1971, is an annual gathering of the world's most influential leaders in business, politics, and academia. It has been instrumental in shaping global, regional, and industry agendas. Over the years, Schwab has been a driving force behind the WEF's mission to improve the state of the world by engaging in action-oriented initiatives.
Upon hearing the news of Schwab's hospitalization, social media platforms were cluttered with reactions from the public. While some expressed genuine concern and well wishes for his speedy recovery, others were quick to make light of the situation, reflecting the polarized views Schwab often attracts due to his influential role in global affairs.
The WEF community, meanwhile, has been relatively quiet on the matter. However, it's clear that Schwab's vision and leadership have been integral to the organization's success and impact. His absence, even temporarily, is likely to be felt across the global stage.
As the world waits for further updates on Schwab's condition, the incident serves as a reminder of the fragility of life, even for those at the pinnacle of power and influence. It also underscores the importance of succession planning and the need for robust institutions that can continue to function effectively in the face of unexpected challenges.
🇺🇸 #Oklahoma high school principal (Kirk Moore) seen charging at and disarming a school shooter.
The suspect, identified as 20-year-old Victor Hawkins, was a former student who said he wanted to shoot up the school “like the Columbine shooters did.” While taking down the shooter, Moore was shot in the leg. He is expected to recover.
When the Principal woke up that day, he never thought he would be tackling a gunman.
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🇨🇳🛢 How much strategic oil does the world actually have in reserve?
Global strategic crude oil inventories stood at ~2.5 BILLION barrels as of December 2025, according to the US Energy Information Administration.
China holds by far the largest stockpile at 1,397 million barrels, more than 3 times the US Strategic Petroleum Reserve of 413 million barrels, which itself sits at only 58% of its full storage capacity of 714 million barrels.
China added an average of 1.1 million barrels per day to its strategic inventories throughout 2025, with preliminary data suggesting it continued building stockpiles in early 2026 ahead of the Iran War.
Japan holds the 3rd-largest reserve at 263 million barrels, followed by OECD European countries at 179 million barrels.
Meanwhile, the US is releasing 172 million barrels from its Strategic Petroleum Reserve to suppress oil prices, part of a broader 400 million barrel coordinated release agreed by 32 IEA member nations in March.
🔗 ...
🛢 JP Morgan Warns Oil Market Out of Balance, Prices Must Rise
🔸The closure of the Strait of Hormuz, through which roughly 20% of the world’s oil flows, has removed 13.7 million barrels per day from global supply in April alone. A JP Morgan research note warns the market has no good way to replace it.
🔸Normally, spare production capacity in Saudi Arabia and the UAE acts as the market’s shock absorber. But that buffer has effectively been removed, eliminating the system’s first line of defense.
🔸With spare capacity unavailable, markets turned to inventories
➤ Global stockpiles are now being drained at ~7.1 mbd in April, an extraordinary pace, according to the note.
🔸Meanwhile, demand is collapsing because supply simply isn’t reaching users — “forced demand destruction.”The hardest hit sectors include:
▪️ Petrochemical plants across Asia are shutting down or slashing output as LPG, ethane, and naphtha flows from the Gulf collapse
▪️ Airline jet fuel ...
🛢⛽️ Global oil inventories are heading toward RECORD LOWS:
Global visible oil inventories have fallen -255 million barrels since the start of the conflict on February 27, to 7,864 million barrels.
Total estimated oil draws, including non-OECD refined products storage, have accelerated to 10.9 million barrels per day in April, the largest monthly draws on record since 2017.
Cumulative estimated draws since the start of the war now stand at 474 million barrels, with Hormuz flows holding at ~10% of normal, or 2.0 million barrels per day.
Meanwhile, even in an optimistic scenario where Strait of Hormuz flows begin recovering by late April, it is unlikely to prevent global visible inventories from reaching all-time lows, according to Goldman Sachs.
As inventories keep falling, physical oil markets are likely to require sharply higher prices for immediate delivery, since buyers cannot wait months for cheaper futures delivery when stocks are running critically low.
Goldman also warns...
