No matter how the Iran war gets resolved, the US and other countries will be forced to reckon with a global oil market in complete disarray.
Underinvestment in the oil industry makes the current supply shock much riskier worldwide, industry experts say, forcing the US, the EU, and various Gulf countries into a scramble over where and how to extract.
Prior to the US’ attack on Iran on February 28, ...
**STEELMAN:** The article presents a compelling case for how structural underinvestment in oil infrastructure, combined with geopolitical conflict, has created a perfect storm in global energy markets. It credibly ties historical shifts in corporate strategy—prioritizing shareholder returns over exploration—to today’s supply vulnerabilities. The inclusion of expert commentary (e.g., LPL Financial, PitchBook, Wood Mackenzie) lends weight to the argument that the current crisis is not just a tempo...