Rory Johnston is Acutely Alarmed: Why Oil's 20% Supply Loss is a Function of Time that No One Can Fix

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 why the pinch in crude inventories hasn't fully hit shore yet, even though jet fuel prices are already skyrocketing due to preemptive refinery slowdowns in Asia. Finally, the episode explores the deadly consequences for emerging markets facing outright energy shortages while wealthy Western nations brace for historic, "extreme pain" at the pump.