It's official:
We are now witnessing the largest energy supply disruption in modern history.
Since the start of the Iran War on February 28th, more than 500 million barrels of crude and condensate have been removed form the global market.
In other words, global supply has now lost ~$50 billion worth of crude oil production since the Iran war began nearly 50 days ago.
This is the same amount of fuel it takes to run the world's international shipping industry for 4 months.
The world has never seen anything like this before.
https://i.redd.it/1kaynkwai0wg1.jpeg
Posted by FeatureAggravating75
11 Comments
Yeah it’s pretty neat right?
Yrs but the S&P doesn’t care because nvda has earnings.
Time to accelerate away from oil. It’s the only good thing about this.
Then why does the chart only go back to 2025? Is modern history only one year old ?
*The world has never seen anything like this before.*
Tell that to the market…
All part of the 15-point plan /s
Fortunately the markets aren’t aware of this. Please keep this stuff to yourself.
Some timeline ya got there..
Except 90% of this oil is being rerouted but don’t let that get in the way of posting a scary chart!
We did it guys. 🥳
Shhhhhh…. The markets might hear you!