Tracy Shuchart: BTC & the Commodities Supercycle
Bitcoin Magazine Tracy Shuchart: BTC & the Commodities Supercycle Tracy Shuchart breaks down Strait of Hormuz oil disruptions, warning that GCC output losses and crack spreads signal a worsening winter energy pinch. This post Tracy Shuchart: BTC & the Commodities Supercycle first appeared on Bitcoi
Source: Bitcoin Magazine
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DW NOTE
Six million barrels a day offline and crack spreads widening into autumn maintenance season — this isn't a squeeze, it's a refining system that was already short capacity before the Strait closed. The interesting claim is that a US diesel export ban would backfire, which it would: American refiners run on export margins, and curtailing those flows would reduce domestic runs and tighten supply further, not relieve it.