Commodities

JPMorgan analyst tempts Scott Bessent’s wrath once more with projections of oil shortages, possibly in California

By Bullbit Editorial · March 27, 2026

WhatJPMorgan analyst warns of global oil shortages within six weeks.
WhyThe effective closure of the Strait of Hormuz is causing Asian countries to experience shortages first, which will soon spread worldwide.
SignalThe analyst's previous projections have drawn criticism from Scott Bessent, a prominent energy investor.
TargetCalifornia may be particularly vulnerable to oil shortages due to its geographical location and reliance on imports.
RiskThe global economy could face significant disruptions if oil shortages persist, with potential impacts on industries and consumers.