Goldman Sachs Warns Of An Imminent Oil Supply Shortage
According to Currie, rising demand from China and sanctions on Russian oil will contribute to the deficit, which he expects to manifest in the second quarter of this year. In response, producers will tap their spare capacity, leaving it lower than it was before. Eventually, this will lead to a serious imbalance between supply and demand.
Crude oil could soon swing into a deficit that will make next year a difficult one, Goldman Sachs said, as spare production capacity dwindles and underinvestment threatens future supply.
Goldman Sachs Warns Of An Imminent Oil Supply Shortage
US legislation that could open members of oil producing group OPEC+ to antitrust lawsuits has emerged as a possible tool to tackle high fuel prices, after the body said it would slash production despite lobbying by the Biden administration.
What is NOPEC, the US bill to pressure OPEC+?
Germany (?) Using Novichok As Leverage With Kremlin Over Pipeline (Nordstream 2):
“We want them to buy from us, not the Russians,” said Robert McNally, president of Rapidan Energy Group, a market research firm, describing Washington’s policy.
From PFYT2’s censored blog.
According to Wikipedia: “During the first term of President George W. Bush, [Bob] McNally served on the White House staff as Special Assistant to the President on the National Economic Council and Senior Director for International Energy on the National Security Council.”
Related:
Who sabotaged the Russia – Germany NordStream2 gas pipeline?
by Jorge Vilches for the Saker Blog
UK Foreign Secretary Liz Truss recently experienced her 15 minutes of glory with a blatant hissy-fit rant policy speech at a London´s Mansion House banquet. She posited that the collective West now needs “a global NATO” to pursue geopolitics anew. Publically, Ms Liz Truss tapped her well-known Rule Britannia Anglo-Saxon exceptionalistic mind-set which now would badly require a much larger “lebensraum”. By the way, the Rule Britannia lyrics ´clearly clearly clearly´ let the world know that “…at heaven’s command…Britons never, never, never shall be slaves”. No way, slaves will exist, but Britons should make sure it´s the other way around, see ? So beware… With an AUKUS core, the strategic concept is “all for one, and one for all” just like ´The Three Musketeers´ except that the world´s livelihood is for real, not a novel. Liz Truss is not a cartoon character either, she is today´s United Kingdom Foreign Secretary.
Ms. Cat’s Chronicles 