Geopolitics : News and discussion

I'm guessing this is a result of 3 factors:

• Hormuz closure.

• Russian refineries getting blown up by Ukraine. (And then Russia using up what fuel it does still have in an attempt to alleviate shortages and keep the front lines supplied.)

• The US emptying out their strategic reserves in a desperate attempt to prevent gas prices from going even higher due to the former two.

Edit:

The scale of this graph is a bit deceptive, though. While a casual glance makes it look like it's going almost down to zero, the vertical scale starts at 1,050,000. While the chart makes it look like it's already gone down to almost nothing, it's only gone down from ~1,275,000 to ~1,175,000. Obviously, it's still significantly low when compared to previous years, but it has 'only' gone down by about 8% since the beginning of the year.

The truncated Y-axis makes it look worse than it is

Well, better get fracking... 🙄

What kind of monster picks dark blue, dark red, dark green, light green, light grey, and also the same fucking light grey again as the colours for their line graph fucks sake

1050000 is not 0 though

If it continues like this, mid-2027 they're dead

Usually I would say that's a good thing as I would read that to mean that you guys are less dependent on oil now, so you need to keep less storage of it.

Looking at what's going on in the world I don't think this is the result of any good development and could severely fuck up your economy.

Good luck!