Geopolitical Commentary on Global Instability and Oil Supply

Everything, Everywhere, All At Once

Everything, Everywhere, All At Once Authored by No1 at Gold & Geopolitics substack, Let me start with a number. In 1980, when the Iran-Iraq war disrupted global oil supply, the volume lost was around 4 million barrels per day. Painful. The world went into recession. Volcker raised rates to 20% to kill inflation. It nearly killed the economy in the process. We called it a crisis and we meant it. The current Hormuz blockade is running at roughly 20 million barrels per day. The ...

By Tyler Durden