We know what’s coming and we are prepared.
🛢⛽️ 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 that inventories cannot keep falling forever, and once they approach the minimum level needed to keep global supply chains running, the only way the market can rebalance is by destroying demand.
The global oil buffer is disappearing fast, which means oil prices are set to rise further.
🔗 Global Markets Investor
The village of Piddington has voted for independence from the United Kingdom and to become a self governing village in a landslide vote.
91% Voting Leave
This comes after news that over 3,000 illegal migrants are to be dumped in their village.
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PN I know I disappeared for awhile. I’ve been writing a little but not much. I had a death in my family and it hit hard. I’m trying to get moving but having a hard time.
I want you to know my husband works for one of the largest trucking companies in the country driving heavy haul. He delivers feed to all the chickens out here in the pacific nw. Up and down Wa and Or. He will not be participating in the protest 10/1 due to the fact that he is company and this job was hard to find. He feels diesel is going up in a very bad way. That’s the word with the truckers. If things continue the way they are it may be $8-10 a gallon in ten days. They are trying to break us. His company subsides the diesel through the government so they don’t feel the effect except when seeing the pumps. He feels that they will be affected heavily by the end of the month, the company rigs that is. It’s going to get very nasty and with all this stuff in the middle east with both straits, as you already ...
5 Things You Should NEVER Share With ChatGPT
1. Your medical information or health info
2. Confidential or proprietary work information
3. Your financial information
4. Any personally identifiable information
5. Intimate details about your personal life.
All data you share will be stored, analyzed, and potentially reused. Sensitive details about your thoughts, behaviors, mental state or relationships in these conversations are not legally protected and could potentially be used as evidence in court.
Remember, data is the greatest value that AI companies can extract from us. Treat AI conversations like semi-public spaces, not private diaries.
AI is a data processor, not your friend .
It's not your therapist and it's not your confidant. – Source
This doesn't just go for ChatGPT but ALL AI chatbots.
Data is the new oil in the age of technocracy.
Once you put your life into a machine, you don't control where that information goes next.
Think before you share.
