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Why the Oil Crisis Could Get Much Worse by Fall
The global oil system is running out of room, and the consequences could start accelerating later this year.
Chuck Zodda and Marc Fandetti break down the rapidly shrinking margin for error in global energy markets as continued disruptions in the Strait of Hormuz drain inventories and push oil prices above $100 per barrel again.
Also covered:
Why U.S. oil inventories are falling at one of the fastest rates on record
The growing risk of supply shortages by late summer or early fall
Why gas tax holidays could actually make the problem worse
How rising fuel prices are reshaping consumer behavior…
The skinny
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