Since the 2008 Global Financial Crisis, something BIG changed in the “Wonderful World of Diesel Consumption.” Two of the largest diesel-consuming regions in the world… just stopped growing. But, that didn’t stop the rest of the world from expanding… and, “Boy, Did they… LOL..”
With global oil production likely to decline after 2025, this is only part of the problem. Why? It doesn’t consider the “Double Whammy” of falling Net Oil Exports. As Oil Exporting countries continue to grow, they will consume even more Oil and export less…
Powerful forces are setting up for much higher silver prices, while the Major Market participants are totally unaware. Critical changes are taking place in the silver market, especially in the world’s largest silver producer, which I discuss in my newest “Weekend Update”….
Even if the Global Economy continues to weaken, it will face the next round of Energy Cost Push Inflation towards the end of the year and into 2024. The dynamics of the oil market have changed considerably while economists still ignore the negative implications of the ENERGY CLIFF…
If you can’t increase energy consumption, the best way to increase the Gross Domestic Product is to use massive debt and money printing. Economics 101. This is precisely what has occurred in the United States as the GDP ballooned past two decades…
The surge in global oil demand recently is putting a great deal of pressure on the limited supply. Thus, the term I will use a lot in the future is… “WHERE IS THE BEEF?” And, but they, I mean energy, not meat. It seems like we are heading into the next stage of the ENERGY CLIFF during the second half of 2023…