""""Unlike many other commodity futures contracts, oil is "physically delivered". Anyone holding an open position as of the "first notice date" for each settled contract month is at risk of getting a "delivery notice". A delivery notice, either issued by a long contract holder, or received by a short contract holder is on the hook to either deliver or receive 1000 bbls of oil."""""


Physical delivery is key. "THEY" can continue to short & use derivatives to lower THEIR costs. Each roll becomes more costly since physical ownership is out of their control. "THEY" will be able to keep their costs down as we see happening now as long as there is sufficient inventory to work with. As inventories tighten it will be more expensive to control prices. This is why I used the analogy of ABS slowly cooking the frog.

"THEY" are primarily the EU & the US, both of which have run budget deficits for years. Both have heavily invested in GND's without success. To stay in power energy costs are key. Higher oil prices will do damage to their ability to stay in control & control their "climate change" narative & GND's. Those in power in the West are solely there due to their GND supporters.