The economic narrative and measurement of inflation is incomplete without the proper account of the psychology of the price building process and mechanisms. After the 2 previous oil-crises of 1973 and 1979, the panic about not having enough oil and derivatives within the coming months, has lead to prices increases almost instantly. Despite the fact that there is enough oil floating on ships and in pipelines for 3-6 months, depending on estimates, the psychological effect of being eventually short of oil creates “Psych-inflation”. Oil markets use the “Angst of disruption” to make additional profits on people and enterprises’ hoarding behavior. There are powerful interests to exploit such potential shortages as it is a suitable time to reap some extra profits, particularly for those who knew early about a likely military conflict.































