Hello, Loyal Readers!
Team Haymaker’s view is that oil prices are being suppressed as a result of pervasive misinformation. One of the most broadly accepted supposed “facts” used to justify crude trading at an exceedingly cheap inflation-adjusted level is the contention there was a petro-glut prior to America’s and Israel’s attacks on Iran. Yet, looking at developed-world (OECD) oil inventories prior to the initiation of hostilities tells a far different story.
