How Global Energy Markets Built the 'Amazon of Oil' Logistics to Keep Prices from Spiraling The recent military strikes between the US and Iran had many predicting a catastrophic spike in oil prices, reminiscent of the 1970s when OPEC's power was first felt.
However, the actual outcome was far more nuanced – and a testament to the quiet revolution underway in global energy logistics.
At its core, this shift revolves around the application of cutting edge digital and satellite technologies that enable just in time delivery systems, rendering massive stockpiles of oil almost obsolete.