The situation you have described appears quite apocalyptic, yet it relies heavily on speculative assumptions. To be frank, the current stability of oil prices is noteworthy, considering the rise in interest rates from 0.25% to 5.5% in the United States. Additionally, the EIA continues to project a global increase in oil demand, particularly driven by industrialisation in third-world countries, notably Asia. Moreover, crude oil inventories in the United States are still decreasing. The critical question remains: what is the source of this anticipated surplus in supply that is going to drive oil prices down?
