Tuesday, September 14, 2021

Global Oil Supply -- September 14, 2021

Hurricane Ida: GoM crude oil losses stand at 30 million bbls. But that pales in comparison to what Resident Biden has cost us.

I don't know what others think, but this seems .... well, unnerving.... with the economy opening up ... link here:

Observations:

  • OPEC: disciplined?
  • Russia: already at maximum production?
  • Mexico: confused?
  • Venezuela: rock bottom?
  • China: booming?
  • US: Resident Biden doing what he can to hold back US oil production!

WTI today: pretty much unchanged at $70.47

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