Goldman Says Emergency Oil Release Won't Do Jack

"Only demand destruction - through even higher prices - is now likely the only sufficient rebalancing mechanism, with supply elasticity no longer relevant in the face of such a potential large and immediate supply shock. "

Poster Comment:

Commodities are a better investment than either bonds or the NYSE. The physical trade deficit soared to $107.6 billion a month. The end is nigh.

But not that nigh. Just before election day 2024.