With this and the fuel rationing we saw in Texas yesterday, the US will be in trouble heading into the month of July! I would expect prices to rise again once the reality of the shortage hits the public. Some folks are telling me that Trump knows this is coming and that’s why he moved the 250th birthday for America up to today instead of the 4th. Well I’ve had a gut feeling about this week and next to be on guard so keep your head on a swivel.
No fear, just stay prayed up and prepped up as best as you can.
That’s what’s coming for citizens around the world when the fuel runs out thanks to Trump’s war against Iran, jack boots in your face and billy clubs for your skull. Things are about to go Mad Max soon unless there are fuel reserves we don’t know about.
Trump said the world would have run out of oil reserves in 4 weeks, put pressure for a peace agreement.
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Who actually won the war in the Persian Gulf? Well it wasn’t the USA, that much is certain! Also the oil storage in Cushing OK will be EMPTY by June 22nd…tick tock goes the Mad Max clock.
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The short sighted clowns in the West (and the East like Japan) thought that the US and Israel would bomb Iran and that the war would be over in short order, so they weren’t concerned about oil prices in the long term. As the war drug on countries like the US and Japan used their strategic reserves to keep oil prices artificially low, once again wrongly believing that the war would end soon.
Now California will hit tank bottoms for jet fuel and diesel by July 4th. Everything runs on diesel. Without it nothing gets to the stores. Food riots will begin within a few days of fuel running out. Everything including the sh*t is going to hit the fan very soon. Prayed up and prepped up, time is almost up!
I'm surprised more people aren't talking about this. California will hit tank bottoms for jet and diesel by July 4th.
The Asian import arbitrage is dead, local refining is tapped, and none of this is reversible for 12-18 months.
Japanese stocks are up ~3% today celebrating a ~20bn$ eqv package of government stimmies that will flare inflation more while the same government just incinerated ~73bn$ in a futile attempt to strengthen the JPY at the same time is shorting oil during an energy crisis – Amazing pic.twitter.com/f3M7VVQUVC
Not surprisingly, Japan has been drawing down crude oil SPRs at a faster pace than the US is and than its own economy needs, why? To suppress oil prices.
I found these tweets on Winterwatch.net. I definitely recommend subscribing to them for more updates.
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Former Goldman Sachs commodities chief Jeff Currie says markets are treating a deepening global oil deficit like a routine price fluctuation, even as inventories rapidly drain toward crisis levels.
“You’re borrowing oil from the future” and Wall Street isn’t forecasting anything:
U.S. distillate inventories have collapsed from 120 days of supply to 102 in just weeks. “You’re going to be out” in days, he says.
Currie mocked banks for simply chasing spot prices higher rather than modeling the implications of shrinking inventories: “That’s a mark to market. They’re not actually forecasting anything.”
He added: “Either they’re being censored or they have no concept of the magnitude of this.”
Trump watches bond yields:
“Notice he always cuts a deal every single time the 10-year hits 4.4%.” Currie argues Trump’s real fear is oil driving inflation and interest rates higher, threatening the U.S. debt market.
The AI Complacency Trap
Some argue oil doesn’t matter because the energy intensity of GDP is falling and hyperscalers are spending toward $1 trillion in AI capex. Currie’s response: “What is the biggest input into AI compute? It’s called oil, energy, diesel, gas. They don’t even ask what the price of AI compute is. They assume it’s zero.”
🎥 “Wall Street Has No Concept of the Magnitude of This” — Markets Are Sleepwalking Into an Oil Shock
Former Goldman Sachs commodities chief Jeff Currie says markets are treating a deepening global oil deficit like a routine price fluctuation, even as inventories rapidly drain… https://t.co/SEojtkzpBrpic.twitter.com/8mgBXlzpIF
The US will run out of oil and fuel within 2 months unless something changes. Prayed up and prepped up!
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