b.The global oil storage market is expected to witness a compound annual growth rate of 5.3% from 2020 to 2027 to reach 2550.8 million cubic meters by 2027.
Oil storage is growing two points faster than world growth. It helps stabilize supply through the myriad of unstable events the production system suffers. The corollary is that the petrodollar is easily sustained.
For the petrodollar, there is a lot of nonsense that our current Fed can handle another 4 trillion in debt, on top of the next stimulus plan. No such fantasy exists when we are on the oil commodity standard, and the investment we made after the 2008 oil shock is there and maintains our oil independence.
We are left with a humongous tax battle, less spending, or a new monetary system. I suspect the taxes and spending will be watered down substantially and Powell an Yellen will attempt a can kick.
Greenies are stuck, they need oil and lots of it to build their public transit trains. States have had their fill of empty trains, they want the cash (oil) for their own use.
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