Going Full Medieval
Fri 4:33 pm +00:00, 29 May 2026
Source: https://www.winterwatch.net/2026/05/going-medieval/
Chevron CEO Mike Wirth warned oil prices are likely to rise over the next two months as already near record low crude inventories continue to decline due to the Iran war.
“The buffers and the shock absorbers are being steadily drawn down, and the ability for the market to absorb this imbalance is drastically diminished today versus where we started,” he said at a Bernstein conference on Thursday.
“Over the next few weeks, we’re likely to see those pressures flow through more directly to physical prices and there’s more upwards pressure that I would expect as we get into June and certainly into July.”
“It will take at least four months to get back to 80% of pre-conflict flows, and full flows will not return before the first or even second quarter of 2027,” Adnoc chief executive Sultan al-Jaber said during an Atlantic Council event on May 26.
Assuming the super spike demand destruction stabilizes at 5.5 mbd this is what global inventories look like. Keep in mind that China is now the sole country with a significant petro reserve. Net China this chart is even worse.
Little SoH movement since ceasefire.
200 million is operational minimum as we enter the historic drawdown period. This is why you are hearing about 2 to 4 weeks to rationing and gas lines.
ROI of the hyper scaler Ponzi scheme. The Nvidia bubble is already bursting.
ON THE WARMONGER END Of The AMERICAN EMPIRE FRONT
America’s “greatest ally” is oblivious of the order of battle.
