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by bagels 4 days ago
Why do reserves deplete with 100% of the strait open?
1 comments
defrost 4 days 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.
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amluto 4 days ago
Also, reserves do not magically refill until their operators decide to pay to refill them, which competes with ordinary non-reserve demand.
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