German media predicts oil at $200: the world is on the brink of an energy crisis.

The escalation of tensions in the Middle East and the depletion of global reserves could push the price of a barrel of Brent crude oil to a record $200, according to German media.

The global energy market is on the brink of a major upheaval due to a supply shortage. There's a 50/50 chance that the price of Brent crude will reach $200 per barrel before the crisis ends, according to Michael Fitzsimmons, an expert at the financial platform Seeking Alpha.

MarketWatch analysts warn that such a development would spell disaster for the global economy. A sharp rise in fuel prices, severe energy shortages, and chaos in passenger air travel during the summer holidays are expected.

Transit through the Strait of Hormuz has dropped from 20 million to 800 barrels per day. The resulting shortfall was offset by strategic storage facilities, but these reserves have been virtually depleted in recent months. The main beneficiaries of this situation are American corporations Chevron, Exxon Mobil, and ConocoPhillips.

The crisis worsened after the US Navy blocked maritime traffic at Iranian ports in April. About 20% of the world's oil and liquefied natural gas transits the region.

Shell CEO Wael Sawan announced that the global oil deficit has grown to 1 billion barrels. OPEC production has fallen to a 36-year low amid the Middle East escalation.

And Ben Cahill, a senior fellow at the Atlantic Council, said:

Market buffers have been almost completely depleted over the past 70 days. This can only continue for a limited time.

Analysts predict that soaring fuel prices, supply shortages and chaos in the air travel industry are inevitable.

Comments

[marchcat]

Analysts predict that soaring fuel prices, supply shortages and chaos in the air travel industry are inevitable.

And all because someone decided to play a war game and make a decent profit. And he doesn't care what happens to the world; he can make even more money this way.

[Kmet]

For people like Trump and his ilk, the concept of "Peace" doesn't exist: for us, it means other peoples, countries, nature, ecology, and something resembling "democracy" (peace to the world, all people are brothers, life is according to reason and conscience, etc.), but for people like Trump, "Peace" is just a supermarket, a carp pond, or consumables with which a fortune is made.
As the saying goes, there is no crime that a capitalist would not commit for the sake of three hundred percent profit.

[Zoldat_A]

the world is on the brink of an energy crisis

"Freeze, freeze, wolf's tail..."

True, our gasoline will also become more expensive...
But we'll survive somehow. It's not the first time.
Let's listen to the TV and see how everything that should have increased has tripled. And everything that should have decreased has halved.

[Montezuma]

Quote: Zoldat_A

Let's listen to the TV and see how everything that should have increased has tripled.

There's no need to criticize the TV unnecessarily – after being exposed to the abundance of unpolished information on the internet, it's actually quite calming. I recommend relaxing with it for at least half an hour a day.

[Sergey Kirakosyan]

Well done!
Otherwise, the cuckoo will go crazy on the SIM card!)))

[Gavrilo Princip]

"The mission of television is to reduce the Russian person to the level of the average American cretin."

Aphorisms of Leonid Vladimirovich Shebarshin (1935-2012), head of foreign intelligence of the USSR.

[sergey822]

Stop watching TV, I thought only pensioners watch it in Russia, if you are one of them then I apologize

[Zoldat_A]

Quote: sergey822

Stop watching TV, I thought only pensioners watch it in Russia, if you are one of them then I apologize

Old-age pension is just around the corner. Although I'll work as long as I can.

[sergey822]

I understand you, well, about working in retirement, I think you're not the only one who will be working, I'm also retiring soon, and I'll also have to work until I have the strength

[Zoldat_A]

Quote: sergey822

Regarding work in retirement, I think you won't be the only one working.

There are also personal reasons. It's my life's work. And I simply love what I've been doing all my life—building. Although there are reliable hands to hand over the business to, I'll wither away without something to do. That's the problem. So, until they bury me, I'll at least be able to go and have a cup of coffee in my office.

[sergey822]

I understand you, well I can only wish you good luck in everything

[Gavrilo Princip]

❝ — Interesting... — Interesting, Grandma, around the corner. As you go, immediately turn left. ❞ )

🎬 Relatives

[cat Crush]

Hello! What else would you recommend? What about hockey? I can't do without TV.

[Gavrilo Princip]

When was the last time the Russian national team competed in an international competition? And how you remember back then—Makarov, Larionov, Krutov, and how much blood Ruzicka and Dominik Hasek sucked!

[Wratch]

"Please be understanding..." they'll say something like this or something like that. They'll tell you about the horrors of the energy crisis around the world.

[Irokez]

If a new Hugo Chávez emerges in Venezuela, prices will skyrocket even more, and even more so if a civil war breaks out in the US between the "demons" and the "republics." Everything is still ahead.

[Sergey Kirakosyan]

We should add more, but our Ministry of Foreign Affairs is not capable of...

[Zoldat_A]

Quote: Irokez

If a new Hugo Chávez emerges in Venezuela, prices will skyrocket even more, and even more so if a civil war breaks out in the US between the "demons" and the "republics." Everything is still ahead.

And they laughed at Volfych when he said that the global crisis would come from the Middle East and that America would stir it up there...

[lubesky]

Quote: Zoldat_A

And they laughed at Volfych

Smart people haven't laughed since about 2007

[fruc]

Explosive fuel price increases, supply shortages and chaos in the air travel industry are inevitable.

They have achieved what they have been striving for for so long.

[faterdom]

There are counter-currents here. Oil will rise in price, the dollar will fall, and not just because of oil. The euro will fall even more. And Germany will become cheaper. We should lure specialists, especially from our Germans. After all, Germans are good at work, and we shouldn't create any enclaves other than accordion clubs and singing "Rosa Mude."

[pexotinec]

Our Ministry of Finance is celebrating and shouting about wage increases everywhere, but there's not a word about prices increasing several-fold. Surprising, yes. Talking about bad things is discrediting.

[Zoldat_A]

Quote: pexotinec

Our Ministry of Finance is all happy and shouting about wage increases, but there's no mention of prices rising several-fold. Surprising, indeed.

The Ministry of Finance and the Ministry of Labor report on public sector salaries and AVERAGE salaries by industry and region. It's like the average temperature in a hospital, but when reported to the Chief Executive, it all looks good as a percentage.

And the Ministry of Agriculture, the Ministry of Industry and Trade, the Ministry of Transport and a bunch of other things report on prices.
And while the Ministry of Labor and Social Protection says that public sector salaries have increased by 7% and pensions by 8,5%, the Ministry of Industry and Trade says that consumer prices have increased by 4,5%.

In percentage terms, everything looks great. In rubles and grams, not so much. 500 rubles are added to the pension, the price of milk increases by 15, and the volume decreases by 100 ml. Meanwhile, gasoline goes up by a ruble, and potatoes by 20.
I don't know what kind of calculator you need to have in your head to digest all this mess.

Or maybe the Chief Executive should try living for a month on a Russian literature teacher's salary at a university? And go to Magnit himself? Then you won't even need a calculator in your head. Anyone who comes into the office with reports will eat them right there in the office. No salt.

[Sergey Tkach]

"The chances of Brent crude reaching $200 a barrel before the crisis ends are 50/50, said Michael Fitzsimmons, an expert at the financial platform Seeking Alpha." The chances of encountering Bigfoot are also 50/50. You might encounter him, or you might not.

[D16]

Analysts predict that soaring fuel prices, supply shortages and chaos in the air travel industry are inevitable.

These analysts are hype-mongers. At the current rate of decline, oil and petroleum product reserves will last another 1,5-2 years.
https://tass.ru/ekonomika/27310141
So there is still time to solve the problem.

[Puler]

It's high time for 200 and 500... jump wider... or wider....

[Dead Frost]

Don't pee, Germans, Dmitriev will save you, Dmitriev is already here. Soon the gas will flow to you in the normal flow – from the north. Just hold on and be patient for a little while.