/biz/ - Business & Finance

>>51111812
Yeah, Oil is being released from the SPR until the end of october, oil released from the SPR takes approx 2 weeks to reach the market. This means up until mid november the market is going to have roughly 5% more supply than it will in the months that follow. This is going to coincide with the holiday travel season which sees greater fuel consumption both for logistics of delivering gifts and the population travelling to see relatives. Oil prices, combined with inflation continuing at its present pace, should be under the greatest demand in late december/early january for the US market. In terms of europe, they're fucked because they can't stop giving ukraine weapons and putin is their energy lifeline. Unless we do some kind of berlin airlift of tankers between quatar and the EU, which if they were smart they would already be starting to do this (but they aren't smart), europe is going to have big problems. Everyone will be angry and people are already protesting in the Netherlands because of government policy going after farmers. Remember the yellow vests weren't too long ago, and there were some demonstrations against COVID measures. People are already unhappy, now they will be unhappy and uncomfortable, not a good mix. Trying to predict the way people will behave and when they will react is futile, but we can generally anticipate the hardships of winter, outrageous energy costs and already low confidence in governments to have some serious implications.