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Oil production lags behind demand as draw nears 8Mb, Chris Martenson warns
Chris Martenson highlights that U.S. oil production increased by only 13,000 barrels per day, totaling 0.09 million barrels for the week, while the combined drawdown across crude and products was approximately 8 million barrels.
Martenson believes this imbalance will result in significantly higher prices and states that U.S. consumers will bear the financial impact of the ongoing war, both directly and indirectly, for years to come.
Martenson recently noted that gasoline prices have reached a four-year high, coinciding with major intervention by Japan in the JPY currency markets, and discussed possible recession risks in a previous report. He has also asserted that markets are manipulated by insiders to transfer wealth, raising questions about fairness and transparency in a separate article. These observations have focused attention on market pressures and consumer costs during the current energy supply imbalance.
This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.
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