Lost in the claims that the US is self-sufficient in crude production is a small detail: the US is heavily dependent upon Persian Gulf supply of processed petroleum feedstock called ‘base oils’ that are essential to the production of lubric...

12 days ago

source

JPMorgan: 'Exponential' Oil Price Escalation Coming In May; Ignore The Friday Fudge

To date, 1,000 million barrels (1 billion barrels) of oil production have been lost.

Each month of Persian Gulf conflict, a further 400 million barrels of Persian Gulf oil production is lost.

If all hostilities stopped today, Persian Gul...

18 days ago

source

'Problematic' Petrogold Oil Payment & Rapid Draw On US Crude & Petroleum Stockpiles

During the past week, as the global oil and petroleum product shortage has increased, so have US crude and petroleum product net exports.

During the week through April 24, 2026, net exports of 6.7 million (M) barrels per day (bpd) of cru...

20 days ago

source

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P.Eng., LL.B. (Corp Law), MBA. Personally warned Governor of Bank of Canada David Dodge of 2008 financial crash in 2007. Letter to BofC Governor Dodge: https://web.archive.org/web/20080112115936/http://www.safehaven.com/article-9183.htm

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