Global Oil Market Now DESTROYED; Only Solution is Middle East War
The market price of oil not only collapsed to ZERO DOLLARS ($0.00) per barrel, it has actually gone negative! Thus, the global oil trade market is destroyed. My Intelligence sources confirm there’s only ONE way out of this: major war in the Middle East, commencing with the complete closure of the Strait of Hormuz.
The Strait of Hormuz is the world’s most important oil choke-point because of the large volumes of oil that flow through the strait.
In 2018, its daily oil flow averaged 21 million barrels per day (bpd), or the equivalent of about 21% of global petroleum liquids consumption.
As of this writing at 5:40 PM eastern US time, if a producer of oil from out of the ground wants anyone to take it, the producer must PAY $44 a barrel for someone to take it! Yes, you read that correctly; not only give away the oil, they have to PAY to give it away!
This has happened because global demand for oil and gasoline has plunged to almost nothing, and ALL (literally ALL) the storage capacity of the entire planet, is full. There’s nowhere to PUT the oil if it comes out of the ground.
This situation has never taken place before in recorded history.
I am told by several sources to look for a sudden, dramatic, and massive, start to an incredibly huge war, this week. Yes, THIS WEEK.
Readers are urged in the strongest terms possible to top-off food, medicine, fuel, gun and ammunition supplies. Don’t wait.
In the Video below, Mike Adams shares what you can expect moving forward. War will consume the world very soon.
Food Shortages, Gas Shortage, Nationalize the Oil Markets, Price Controls, Collapsing Dollar, Civil Unrest and Global Warfare, This is the opening shot….
RealNewsTarget Oil crashes to BELOW ZERO as economic warfare unleashed on a global scale
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