Bottom Line analysts remind us that restarting and restocking the oil pipeline worldwide is not going to be a quick process. Ships indeed may be moving through the Strait of Hormuz, but analysts say it will take up to a month for some ships leaving to reach their destination.
Those incoming ships, they say, will pull supplies from storage facilities that filled up prior to oil wells being shut down. That being said, oil wells can be brought back to 50 percent production levels within about two weeks, they say, and then another two to three weeks to reach 80 percent. All this elongates the return to normal regarding crude oil supplies.
And as one analyst pointed out, if a packing plant or a manufacturing plant shuts down, normal production can resume quickly, maybe within days. Not so with crude oil.
Audio Reporting by Mark Oppold for Southeast AgNet.