We know what’s coming and we are prepared.
🛢 Oil markets could be a month away from the moment of truth. Brace for a ‘non-linear’ price spike and panic buying, analysts warn
Dire warnings about oil supplies are coming from everywhere lately as the Strait of Hormuz remains largely closed while President Donald Trump’s trip to China failed to produce a breakthrough to reopen the critical waterway.
While investors have been trading on hopes that the Iran ceasefire will remain intact, there is little sign that the oil trade will return to normal soon, forcing them to reckon with the reality of worsening shortages and an imminent tipping point ahead.
JPMorgan predicted that commercial oil inventories in the developed world could “approach operational stress levels” by early June. Saudi Aramco said global inventories of gasoline and jet fuel could reach “critically low levels” ahead of the summer.
The International Energy Agency warned the world is drawing down oil inventories at a record pace, with 164 million barrels released by governments and industry as of May 8.
“Rapidly shrinking buffers amid continued disruptions may herald future price spikes ahead,” IEA said in its lately monthly report.
The U.S. and Israel launched their war on Iran two and a half months ago, and analysts expected the Strait of Hormuz to reopen by the end of May or early June.
That’s looking less likely as Iran attacks ships in the Persian Gulf while the U.S. military is still enforcing a blockade on Iranian oil. Meanwhile, the Navy’s efforts to reopen the strait with warships is on hold.
“But if the Strait remains effectively closed and commercial oil inventories in the OECD continue to be run down at the same pace as they were in April, oil stocks could reach critically low levels by the end of June,” Hamad Hussain, climate and commodities economist at Capital Economics, said in a note on Wednesday.
He estimated oil prices could top $130-$140 a barrel next month if the strait remains closed and inventory depletion rates remain steady.
On Friday, Brent crude futures gained more than 3% to close at $109.26 a barrel as China offered no hints that it would lean on ally Iran to normalize tanker traffic.
IN 2006, RESEARCHER CLEVE BACKSTER — THE MAN WHO INVENTED THE CIA'S LIE DETECTOR PROTOCOLS — PUBLISHED 36 YEARS OF EXPERIMENTS PROVING THAT PLANTS, BACTERIA, AND HUMAN CELLS IN PETRI DISHES RESPOND INSTANTANEOUSLY TO HUMAN THOUGHT AND EMOTION — EVEN AT DISTANCES OF HUNDREDS OF MILES. THE SIGNAL IS FASTER THAN LIGHT. IT DOES NOT DIMINISH WITH DISTANCE. IT IS NOT ELECTROMAGNETIC.
In 1966, Cleve Backster was the world's foremost expert on polygraph technology. He had developed the interrogation techniques used by the CIA, FBI, and U.S. military. He understood galvanic skin response — the electrical conductance of biological tissue — better than anyone alive.
One morning, on a whim, he attached polygraph electrodes to a Dracaena plant in his office. He watered it and watched the tracing. Then he thought: "I wonder what would happen if I threatened this plant." He decided to burn a leaf with a match.
The instant he formed the intention — before he moved, before he lit the match, before any ...
Kennedy Starts a Push to Help Americans Quit Antidepressants
Federal health agencies announced a new national effort to reduce psychiatric overprescribing, informed consent, and expanding access to nondrug mental health approaches like psychotherapy, nutrition, and physical activity. https://bit.ly/4vqyFJB
