On Tuesday the government’s energy forecasters released the most optimistic oil outlook in months. By Wednesday the Strait of Hormuz ceasefire had collapsed, crude had jumped 11 percent, and the number was worthless. Nothing physical changed. The same barrels sat in the same wells. What moved was a diplomatic assumption, and that is the quiet truth underneath every clean forecast: the oil was never the problem, we are.
Energy, Oil and Gas, Oil Prices, Geopolitics, Market Analysis
