Bank of America: 43 Days Oil Remaining

Source: Hal Turner

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Bank of America' Global Investment Strategy Division has published a report this morning from its Global Research staff revealing there are only forty-three (43) Days of Oil remaining in the United States.

They point out this is the lowest US Inventory in 45 Years.

Hal Turner Reminder

For literally weeks, I have been shouting from the rooftops for readers of this website and listeners to my radio show to get themselves several 5-gallon gasoline cans, fill them, and store them safely and lawfully to TRY to get through what I have seen coming for months: No fuel.

We here in the United States typically use twenty (20) million barrels of oil PER DAY.   We produce  fourteen (14)  million barrels per day from our own oil wells.  That leaves us about six (6) million barrels per day, short.

Those of you whose jobs involve using gasoline-fueled tools, should also have spare fuel so you can continue to work if outages hit your area.

Similarly, those of you with Diesel-powered vehicles should get a few yellow-colored Diesel fuel cans and do the same: Buy the cans and fill them.  Same reasons.

IRAN TELLS U.S "NO" TO PROPOSED CEASEFIRE

This morning, Iran rejected a U.S.-backed 10-day Qatari ceasefire proposal, with senior Iranian analyst and close adviser to Iran's negotiating team Mohammad Marandi dismissing the offer with a blunt message: "Don't even think about it." 

The proposal reportedly called for a 10-day truce that would reopen two shipping lanes through the Strait of Hormuz. Marandi has previously said Iran has "no plans" to resume negotiations, citing a "fundamental lack of seriousness" from the Trump administration, while Iranian officials have repeatedly said talks will not resume until the threat against Iran has ended.

So the closure of the Strait of Hormuz will not likely be ending soon.  That means the flow of oil will not be resuming soon.   We (and the rest of the world) are going to go through a very significant shortage - and some outages - of fuel.  Prudence dictates that responsible people make plans for that eventuality.