Businesses and governments managed to keep energy prices from skyrocketing as much as feared during the Iran war by leaning into a “just-in-time” delivery system that harnesses innovations in digital and satellite technology and that reduces the need to stockpile barrels of oil.
Call it the “Amazon of oil,” said Jim Wicklund, a veteran oil analyst and managing director at the PPHB energy investment firm, comparing energy industry dynamics to the ecommerce giant’s famous mastery of inventory and logistics.
