OIL INVENTORIES ARE VERY LOW AND INFLATION IS ABOUT TO LEAP UP

enSeptember 12, 2023

The Business Advisor

About this Episode

PODCAST CONTENT LINKS:

From the Kobeissi Letter - Total US crude oil inventories, including the Strategic Petroleum Reserves (SPR), just fell below 800 million barrels. The last time this happened? In 1985, just few years after the SPR was formed. In other words, the US now has just 46 days worth of supply in total reserves, an all time low. Just 3 years ago, we had a record 92 days of supply in inventories, 100% more than current levels.

Report Link: https://x.com/KobeissiLetter/status/1701387244219580627?s=20

Oil prices hit nine-month high as supply concerns mount

Jamie Dimon isn’t ready to feel good about the economy yet: ‘We’ve been spending money like drunken sailors’

Books by Michael Lodge - PURCHASE

For confidential business advisory and coaching, schedule online at: http://www.lodge-co.com

Business question? Send to: thebusinessadvisor@zmail.com

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