Peter Carlin: Why The Financial System is Imploding, The Rise of Gold & Oil Shortages
Stijn Schmitz welcomes Peter Carlin to the show. Peter Carlin is Commodity Broker, Trader, and Author. The discussion opens with the extreme volatility in global energy markets, where the Strait of Hormuz and Red Sea disruptions are creating severe logistical bottlenecks. Carlin explains that the real crisis is not crude oil supply per se, but a mismatch between the sour crude grades needed by Western refineries and the sweet crude that is more readily available. The US Strategic Petroleum Reserve is being heavily drawn down, particularly its sour component, to feed refineries and supply…
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