
The episode discusses the implications of a small town in Oklahoma on the global oil market and its potential impact on the economy.
Trump told the G7 that America had four weeks of oil left. This video breaks down what he actually meant, why a small town in Oklahoma called Cushing sits at the centre of the global oil market, and how its storage tanks running dry could send prices soaring and feed straight into inflation, interest rates and the US bond market.We cover the three buffers holding oil prices down since the closure of the Strait of Hormuz, why the Strategic Petroleum Reserve cannot simply fill the gap, and what all of this reveals about the leverage the Muslim world holds.Here's a tightened source list — seven sources, all primary or established outlets, attributions corrected.---SourcesTrump's four week claim at the G7, The Hill: https://thehill.com/policy/energy-environment/5928618-iran-deal-oil-reserves-g7/SPR levels and drawdown data, US Department of Energy: https://www.energy.gov/hgeo/opr/spr-faqsCushing near its operational floor, Wood Mackenzie: https://www.woodmac.com/press-releases/cushing-crude-stocks-near-operational-floor-global-supply-crisis/July 9 buffer exhaustion and the 7.1 million barrel per day shortfall, Robin Brooks and Ben Harris, Brookings Institution…
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