• Russia / Ukraine war Initial Shock (2022): Almost 3 million barrels per day of global production was estimated to be removed from the market initially.
    • Straight of Hormuz closure: Reports estimate that 15 million barrels per day (mb/d) of crude oil are being removed from global markets, representing roughly a fifth of global supply.
    • An estimated 450 million barrels has been disrupted since the conflict began, already wiping out the coordinated release of 400 million barrels the United States and Europe have coordinated

    U.S. Secretary of Energy Chris Wright states: “Rest assured, America’s energy security is as strong as ever." But the trend says otherwise, the USA oil reserves sit at the lowest stocks in 43 years after a big release during the first 2 years of the war between Russia & Ukraine.

    https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=MCSSTUS1&f=M

    The current amount in USA reserves before release: 415 million barrels

    In just 100 days of the Strait of Hormuz being closed, roughly 1.5 billion barrels will be taken out of the market – this is 3.5x the entire reserve of the usa, and roughly the equivalent of the USA & International Energy Agency (400 million + 1.2 billion barrels) combined 

    https://i.redd.it/7wa94g4974tg1.jpeg

    Posted by AdamTheSpeculator

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