How much oil-market buffer is left?

Code for the site: https://github.com/mattcone/depletion-ledger

Can anyone speak to the long term impacts of this? Like is gas going to remain high for years (or even worse get rationed) and I should trade in for an EV now?

The real question is how quickly demand can be destroyed.

But for the US, there's no question like that. It produces a lot lot more than it consumes anyway. There can't be a shortage.

Yes US produces mostly light crude and production of refined products requires also inputs of heavy one, but it's not produced in the Middle East anyway, so current situation can't impact that, either.

They should be banning all the financial only/paper traders. If you can’t take delivery you can’t trade.