You guys will want to read the whole piece. Cramer says what’s happening in the Permian is changing calculations all over the place.
Cramer’s analysis as usual is wrong and is as usual sensationalized to get a mention in the news media.
Oil and its infrastructure still have a long ways to go before anything like Cramer’s doomsday scenario is even on the radar. Domestically the new supplies are not yet near 50%.
When the oversupply becomes a concern, some of the oil will be permitted to be exported but it won’t actually get that far. It won’t get exported because the rest of the world will drop their crude prices. The Middle East will decline in its importance. The net result is collapsing prices, a weakened Islam and lower costs for everyone.