Ten Percent Supply Void: Fed Warns of Finite Inventories as Global Growth Calibrates Downward
English KOREAN Energy Shock & Macro Ten Percent Supply Void: Fed Warns of Finite Inventories as Global Growth Calibrates Downward Good morning. It is Thursday, May 28, 2026. We lead today with a critical assessment of the global energy architecture following a landmark address by Dallas Federal Reserve President Lorie Logan. According to official proceedings reported by Reuters and Bloomberg from a monetary conference in Tokyo, the Federal Reserve has quantified the catastrophic net impact of the Strait of Hormuz closure at a loss of nearly thirteen million barrels per day, representing over ten percent of global oil supply. While international inventory drawdowns have temporarily masked this massive deficit, energy executives surveyed by the central bank confirm that near-term production increases outside the Persian Gulf are strictly capped by rigid capital discipline and systemic pipeline bottlenecks. This severe structural bo...