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Podcast: Mining Stock Daily
Episode: Rory Johnston is Acutely Alarmed: Why Oil's 20% Supply Loss is a Function of Time that No One Can Fix
Description: Rory Johnston, host of ClearComm's Oil Ground Up podcast, joins the show to analyze the "broken and volatile" state of global oil markets following the catastrophic disruption of traffic through the Strait of Hormuz. Johnston details how the acute loss of 20% of global oil supply has created a massive 200-million-barrel "air gap," potentially requiring oil prices to rise even more to force total demand destruction. The discussion identifies Moscow as the primary winner of this crisis, as the previous discounts on Russian crude have evaporated and the Kremlin finds itself in a powerful new negotiating position. Listeners will learn...