Two Audio Essays: The Oil Infrastructure Breakdown & How Epstein Could Bring Down The British Bond Markets
This week: a tale of two audio essays.
Philip is going deep dive on the coming oil crisis.
He sees a two-wave format emerging. The initial wave - dropping in a month or so, is already baked in.
“The oil infrastructure is like a body,” he says. “if the heart stops pumping, the cells stop oxygenating, after a while they begin to die off.” They're "living chemical engineering systems" that need constant throughput. Shutdowns normally require years of planning and cost hundreds of millions. This will entail real damage to the global oil infrastructure, but eventually reparable.
And then a second…
The skinny
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