The energy market is a ticking time bomb built on a lie

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Traders are pricing in peace while global inventories are evaporating in real time

Chevron CEO Mike Wirth confirms physical shortages have already hit Asian markets

Twenty percent of global energy transit remains offline with one billion barrels of supply missing

US distillate fuel inventories have cratered to their lowest levels since 2003

Refineries are running at maximum capacity with zero cushion left for the summer demand surge

Wall Street is buying the hope of a reopening while infrastructure reality dictates a grind into 2027

The systematic suppression of price risk is encouraging consumption during a historic supply collapse

American households are bleeding a 59 billion dollar shadow tax in added fuel costs

This invisible drain is effectively vaporizing the entire value of this year’s average tax refund

Main Street is paying the premium for geopolitical escalation while energy titans rake in record profits

The calm before the storm is ending as the physical reality of a broken energy system forces a violent correction

Americans have paid an additional $59 billion in inflated fuel prices since Trump started his Iran war

Americans have splashed out $59 billion more on fuel since President Donald Trump started his war against Iran — and the extra costs have already eaten up this year’s average tax refund, according to a report Friday.

Moody’s chief economist Mark Zandi estimated that the increased spending amounted to about $450 per U.S. household, “made up mostly of gasoline, then there’s a diesel cost and an implied jet fuel cost in those higher airline fees,” CNBC senior economics reporter Steve Liesman said on the cable network’s Squawk Box show.

The added costs were initially offset by this year’s increase in the size of many federal income tax refunds, which averaged around $380 more per household, but by mid-May, “the extra fuel cost outstrips the refunds,” and “now it’s higher,” Liesman said, according to a transcript posted on the Mediaite website.