I sat in the last hour....reviewing a AM interview....the head of the International Energy Agency (IEA), Fatih Birol, gave a talk...to say....Europe still has enough jet fuel for "maybe six weeks or so".
BS? Well....it's mixed.
Germany for example....has yet to turn on its 90-day oil reserve supply. Tankers on their way to Germany to deliver? Yeah....in about 12 days....the last oil tanker will unload....then a two to four week supply of fuel will exist. As that concludes....then the oil reserve stock will kick on.
Other countries? I'd say about 90-percent of Europe is in a similar situation.
So what will happen? It's not really Europe in a 'pain'.....it's destinations that will worry folks. Going to India or Asia....you probably will see cancellations in four to six weeks. Japan? They've gotten US oil tankers arranged, and they might not have any problems.
The fact that 20-million Germans have some kind of airline reservation for spring, summer and fall at risk? Yeah. Adding to the risk...you might fly into Turkey with zero risk, and wake up two weeks later....where your airport to leave for home....has a fuel shortage.
Massive oil tanker trail going from South Africa toward the US Gulf and Venezuela? Yeah....I've seen the maps....probably well over 200 tankers making a path.
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