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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.