Key insights
- The article discusses the potential impact of dwindling oil reserves and ongoing geopolitical conflicts on the market. While some predict an imminent oil crisis and economic collapse, the author questions the immediacy of such a scenario, noting that the market is not currently reflecting extreme fear. The argument suggests that if a severe oil crisis were truly imminent, current market prices and sentiment would already be significantly impacted, implying a potential overstatement of the immediate threat.
Oil bulls are saying that once the reserves run out dry there will be total economic collapse. But that is public information to everyone else as well. Are we really gonna wake up one day and oil is up 100 percent and the market is crashing with a circuit breaker. Yeah it's obvious that the war isn't going to ever end but is it possible that the strait doesn't matter as much as everyone says it does or something. If we are closes to total doom with the reserves running out the market should be crashing right now.