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WSJ: "The World Is Burning Through Its Oil Safety Net"
Summary by Joe.My.God.
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WSJ: "The World Is Burning Through Its Oil Safety Net"
The Wall Street Journal reports: An underappreciated surplus of crude oil, sloshing around storage tanks and aboard ships, cushioned the global economy when the Persian Gulf closed 2½ months ago. That excess supply is now dwindling at a record pace, with oil executives and analysts predicting that a harsh reckoning is set to upend the relative calm in energy markets. Acute shortages of key fuels and soaring prices could emerge within weeks if th…
When the Strait of Hormuz was closed two and a half months ago, the global economy was provided with a buffer – one that few could appreciate – by the surplus of oil lapping on the waves and sitting idle in tanks.
Coverage Details
Total News Sources2
Leaning Left1Leaning Right0Center0Last UpdatedBias Distribution100% Left
Bias Distribution
- 100% of the sources lean Left
100% Left
L 100%
Factuality
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