<less demand for oil>good point,John: the degree of cascading will probably be so pervasive and cause so many shutdowns and bankruptcies, that the degree of oil needed will be reduced by an unimaginable %!
The question unknowable yet, what will be the equilibrium?
Based on the reports I have studied, I still think the miniscule amounts that will be received (much less refined), will still be substantially less than the demand by both autos, chemical industry and general.
Expect virtually all and perhaps, all the available supply to be allocated to the utilities,
miiitary, certain polits and chronies, emergency vehicles, and govt agencies, and essential transport, if any left over to be allocated to vital industries.
I have seen apparently authentic reports relating to gas rationing cards already having been printed up.
Watch and see if the masses will have any available gas in 6 months, and even if so, if the price per gallon is above $15, minimum.
I have seen reports indicating that the refiners will not be able to refine one more gallon as of Jan 1.
Under State of National Emergency, no gas for public driving would be a best-case senario for military commanders to stop civil unrest. |
