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Here's a simplistic way to visualize the oil market trajectory on a DEFCON scale
Are we at 2.5?
Likely closer to 3 than 2. Strategic reserves are already being released to counteract the impact of the supply shock. At max, maybe a month before the reality sets in. Smaller countries are already feeling the hit
Nuclear war just a week away!
yeah well past 2 and no sign that 3 isn't going to be avoided.
Here's a simplistic way to visualize the oil market trajectory on a DEFCON scale
Are we at 2.5?
Likely closer to 3 than 2. Strategic reserves are already being released to counteract the impact of the supply shock. At max, maybe a month before the reality sets in. Smaller countries are already feeling the hit
Nuclear war just a week away!
yeah well past 2 and no sign that 3 isn't going to be avoided.