The IEA and JPMorgan report an energy supply disruption worse than the 1970s oil shocks and the 2022 Ukraine war combined. Unprecedented geopolitical supply disruptions inherently restrict inventory, driving up the price of the underlying commodity. Long oil to capture the upside of the historic supply crisis. The modern economy is significantly less dependent on oil than in the 1970s, which could mitigate demand-side panic and cap price ceilings.
The IEA and JPMorgan report an energy supply disruption worse than the 1970s oil shocks and the 2022 Ukraine war combined. Unprecedented geopolitical supply disruptions inherently restrict inventory, driving up the price of the underlying commodity. Long oil to capture the upside of the historic supply crisis. The modern economy is significantly less dependent on oil than in the 1970s, which could mitigate demand-side panic and cap price ceilings.