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If the strait were to suddenly fully open <now> then reserves in (say) Singapore would continue to deplete until an oil ship or three reaches Singapore, which m
by defrost 3mo ago
If the strait were to suddenly fully open <now> then reserves in (say) Singapore would continue to deplete until an oil ship or three reaches Singapore, which may take a while.
- amluto 3mo agoAlso, reserves do not magically refill until their operators decide to pay to refill them, which competes with ordinary non-reserve demand.