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George Pearkes
@peark.es

Easiest way to see this is US commercial inventories. Low, especially compared to the last 10y, but very much not apocalyptic.

Nikolas Gvosdev@fpriorbis.bsky.social

This also speaks to commodities traders having Ali Baba caves of supplies … follow the use of tankers as floating storage … www.bloomberg.com/opinion/arti...

bloomberg.comThe Global Oil Cushion Isn’t Really Hitting ‘Tank Bottoms’The energy industry’s latest panic is that it’s about to hit “tank bottoms” — the minimum amount of crude in storage required to keep the conveyor belt that goes from oilfields to refineries humming. ...
George Pearkes
@peark.es

...no? You're talking about the strategic reserve. This, as explicitly noted in the post, is COMMERCIAL inventories.

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