Germany faces output challenges during oil shock, jessefelder notes

Germany faces output challenges during oil shock, jessefelder notes
Germany and global oil supply challenged

jessefelder, industry influencer, challenges current views regarding Germany's output during the 2022 oil and energy shock as well as the assumption that the global economy can manage without 7-10% of its oil supplies indefinitely.

The commentary points to a chart indicating that Germany's output may have experienced a negative impact in 2022 and raises questions about the broader implications for the global economy if a significant portion of oil supply is removed for extended periods.

Gromen has recently tracked related market movements. In an earlier analysis, he compared the performance of the 10-year U.S. Treasury yield and oil prices since remarks from Sec. Bessent in February 2025. He also reported that non-monetary gold was the top U.S. export for four out of the past five months.

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