Originally Posted by
Beech Dude
The SoH handles.< 20% of the world's crude. Period. It's a pinch in the flow, not a total kink. Yes, doing daily with less, but oil isnt single-sourced from the Strait. More of the same ahead...take a breath, its ok.
That 20% represents the biggest energy shock in modern history. A recession is sustained negative GDP and a depression is defined as negative 10% GDP.