Zoltan's Dispatch is Nonsense, Here's Why - Daily Live 12.29.22 | E291
Bitcoin & Markets
00:00
What Is Encumbrance in Oil and Gas Markets?
In money and banking, the word encumbrance is typically used in the context of transactions involving collateral. Under Bretton Woods, three, a system in which commodities are collateral,. This means that commodities can get scarce in certain parts of the world; this scarcity shows up as inflation printing far above inflation targets. To see what encumbrance means in thecontext of the oil and gas markets today, let's start with the geographic scope of OPEC+.
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