Good read yet have you considered the real possibility that oil “experts” have nothing too do with this ?
Manipulation of hedge funds and trading on nymex etc is the turd in this punchbowl IMO. I am not standing in line for fuel, therefore no shortages. And record profits indicate someone is buying cheap and selling it high .......just an observation from here in the cheap seats.
Stay safe !
In a free market economy, prices rise when demand exceeds supply. Both supply and demand for oil are highly price-inelastic in the short term — therefore, price rise a lot when demand begins to exceed supply (and vice versa). The lack of lineups does not indicate anything.