Excellent piece.

It really is a compounding of several different narratives at once, and yes the people “leading” don’t have the skills or abilities to even begin resolving these issues. And yes, much of this is a result of financialization of the economy, something the kinds of articles that inevitably end up syndicated on ZeroHedge have been warning about for over a decade.

We’re weeks away from draining the SPR into danger territory, most people are blithely unaware or simply don’t believe the risk, and the markets are pricing barrels of oil as if we aren’t about to ration the stuff.