Oil Trader: When the Financial Market Cannot ‘Paper over’ the Physical Reality of the Oil Shortage, Prices Can Go to $6.50

RUSH EXCERPT:

DICKERS: “You’re not the only one. I mean, traders are also losing their mind because they’re sitting there going, exactly that. There’s a point at which the financial market cannot paper over what is the physical reality of a shortage of oil. And when that happens, when that meets, it’s not going to be like a slow kind of grind up. It’s going to be a disaster. It’s going to be the global marketplace searching for barrels wherever they can get them, at whatever price they can get them at. It won’t be like gasoline goes from 4 to 4, 20 to 4 50 to 480. You’ll see 450, you’ll see 550, you’ll see 650, and that’s as fast as it’ll move because that’s going to be, there’s going to be that kind of necessity to cover up barrels that you need.”