{"id":114392,"date":"2026-08-29T00:17:08","date_gmt":"2026-08-28T22:17:08","guid":{"rendered":"https:\/\/www.infokuryr.cz\/n\/?p=114392"},"modified":"2026-08-28T13:08:11","modified_gmt":"2026-08-28T11:08:11","slug":"larry-c-johnson-globalni-kolaps-trhu-s-naftou","status":"publish","type":"post","link":"https:\/\/www.infokuryr.cz\/n\/2026\/08\/29\/larry-c-johnson-globalni-kolaps-trhu-s-naftou\/","title":{"rendered":"Larry C. Johnson: Glob\u00e1ln\u00ed kolaps trhu s naftou"},"content":{"rendered":"<div id=\"fb-root\"><\/div>\n<div class=\"elementor-element elementor-element-1fb4c2c elementor-widget elementor-widget-theme-post-content\" data-id=\"1fb4c2c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"theme-post-content.default\">\n<div class=\"elementor-widget-container\">\n<p class=\"wp-block-paragraph\"><strong><span dir=\"auto\">Fyzick\u00e1 nab\u00eddka dostihla trh. Na\u0161e hodnocen\u00ed: V p\u0159\u00ed\u0161t\u00edch 30 dnech se nedostatek nafty p\u0159\u00edmo projev\u00ed v n\u00e1kladech na dopravu, cen\u00e1ch potravin, zem\u011bd\u011blsk\u00e9 produkci, pr\u016fmyslov\u00e9 produkci a inflaci. V p\u0159\u00ed\u0161t\u00edch 12 m\u011bs\u00edc\u00edch se stejn\u00fd energetick\u00fd \u0161ok projev\u00ed v glob\u00e1ln\u00ed nab\u00eddce potravin prost\u0159ednictv\u00edm hnojiv.<\/span><\/strong><\/p>\n<h3 class=\"wp-block-paragraph\"><strong><span dir=\"auto\">Shrnut\u00ed<\/span><\/strong><\/h3>\n<p class=\"wp-block-paragraph\"><span dir=\"auto\">Sv\u011bt ji\u017e nem\u00e1 smysluplnou z\u00e1sobu st\u0159edn\u00edch destil\u00e1t\u016f. I kdy\u017e v n\u00e1dr\u017e\u00edch, potrub\u00edch a termin\u00e1lech z\u016fst\u00e1vaj\u00ed ur\u010dit\u00e1 mno\u017estv\u00ed hotov\u00fdch st\u0159edn\u00edch destil\u00e1t\u016f, jedn\u00e1 se st\u00e1le \u010dast\u011bji o provozn\u00ed z\u00e1soby pot\u0159ebn\u00e9 k udr\u017een\u00ed chodu syst\u00e9mu, sp\u00ed\u0161e ne\u017e o p\u0159ebyte\u010dnou naftu a petrolej schopn\u00e9 absorbovat dal\u0161\u00ed velk\u00fd v\u00fdpadek, omezen\u00ed v\u00fdvozu nebo naru\u0161en\u00ed p\u0159epravy. Fyzick\u00fd nedostatek dostihl i trh. B\u011bhem p\u0159\u00ed\u0161t\u00edch 30 dn\u016f se tento nedostatek p\u0159\u00edmo projev\u00ed v region\u00e1ln\u00ed dostupnosti, n\u00e1kladech na dopravu, cen\u00e1ch potravin, zem\u011bd\u011blsk\u00e9 produkci, pr\u016fmyslov\u00e9 produkci a inflaci. Druh\u00e1 vlna se ji\u017e formuje: nedostatek zemn\u00edho plynu a hnojiv p\u0159enese energetick\u00fd \u0161ok do vegeta\u010dn\u00edho cyklu a dod\u00e1vek potravin v roce 2026\/27.<\/span><\/p>\n<p class=\"wp-block-paragraph\"><span dir=\"auto\">\u017d\u00e1dn\u00e1 rezerva neznamen\u00e1 nulov\u00e9 dod\u00e1vky. Znamen\u00e1 to, \u017ee ji\u017e nen\u00ed k dispozici dostate\u010dn\u011b velk\u00fd p\u0159ebytek, aby absorboval dal\u0161\u00ed v\u00fdznamn\u00fd \u0161ok, ani\u017e by si okam\u017eit\u011b vynutil reakci jinde.<\/span><\/p>\n<figure class=\"wp-block-image aligncenter size-large\"><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter\" src=\"https:\/\/sonar21.com\/wp-content\/uploads\/2026\/08\/image-32-1536x877.png\" alt=\"\" width=\"898\" height=\"513\" \/><figcaption class=\"wp-element-caption\"><em><span dir=\"auto\">Zpr\u00e1va o stavu fyzick\u00fdch dod\u00e1vek. Data: \u00da\u0159ad pro energetick\u00e9 informace USA (EIA); Insights Global\/ENGINE; Enterprise Singapore\/ENGINE; Ministerstvo obchodu a pr\u016fmyslu Singapuru.<\/span><\/em><\/figcaption><\/figure>\n<h3 class=\"wp-block-paragraph\"><strong><span dir=\"auto\">Cena u\u017e te\u010f omezuje popt\u00e1vku<\/span><\/strong><\/h3>\n<p class=\"wp-block-paragraph\"><span dir=\"auto\">Americk\u00e1 nafta se posunula z prost\u0159ed\u00ed b\u011b\u017en\u00fdch n\u00e1klad\u016f k cen\u00e1m vych\u00e1zej\u00edc\u00edm z nedostatku. Celost\u00e1tn\u00ed pr\u016fm\u011br vzrostl z 3,477 dolar\u016f za galon na za\u010d\u00e1tku roku na 5,652 dolar\u016f k 24. srpnu. Ka\u017ed\u00fd region PADD je v\u00fdrazn\u011b vy\u0161\u0161\u00ed; regiony Mexick\u00e9ho pob\u0159e\u017e\u00ed a Skalnat\u00fdch hor vzrostly o v\u00edce ne\u017e 70 %. Tento cenov\u00fd pohyb nen\u00ed samotn\u00fdm nedostatkem, ale sp\u00ed\u0161e pokusem trhu o p\u0159\u00edd\u011bl omezen\u00e9 fyzick\u00e9 nab\u00eddky.<\/span><\/p>\n<figure class=\"wp-block-image aligncenter size-large\"><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter\" src=\"https:\/\/sonar21.com\/wp-content\/uploads\/2026\/08\/image-34-1536x799.png\" alt=\"\" width=\"949\" height=\"494\" \/><\/figure>\n<figure class=\"wp-block-image aligncenter size-large\"><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter\" src=\"https:\/\/sonar21.com\/wp-content\/uploads\/2026\/08\/image-35-1536x848.png\" alt=\"\" width=\"949\" height=\"524\" \/><\/figure>\n<figure class=\"wp-block-image aligncenter size-large\"><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter\" src=\"https:\/\/sonar21.com\/wp-content\/uploads\/2026\/08\/image-36-1536x848.png\" alt=\"\" width=\"931\" height=\"514\" \/><\/figure>\n<h3 class=\"wp-block-paragraph\"><strong><span dir=\"auto\">P\u0159\u00ed\u0161t\u00edch 30 dn\u00ed: Jak nedostatek nafty povede k hospod\u00e1\u0159sk\u00e9 krizi<\/span><\/strong><\/h3>\n<div>\n<table>\n<thead>\n<tr>\n<th><span dir=\"auto\">kraj<\/span><\/th>\n<th><span dir=\"auto\">Aktu\u00e1ln\u00ed situace v dod\u00e1vk\u00e1ch<\/span><\/th>\n<th><span dir=\"auto\">30denn\u00ed riziko bez odpo\u010dinku<\/span><\/th>\n<th><span dir=\"auto\">Ekonomick\u00e9 d\u016fsledky<\/span><\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td><strong><span dir=\"auto\">USA<\/span><\/strong><\/td>\n<td><span dir=\"auto\">Z\u00e1soby na 28,4 dne; 105,6 milionu barel\u016f destil\u00e1tu; vyu\u017eit\u00ed rafinerie 97,2 %.<\/span><\/td>\n<td><strong><span dir=\"auto\">\u00dazk\u00e1 m\u00edsta v region\u00e1ln\u00edch termin\u00e1lech, v\u011bt\u0161\u00ed cenov\u00e9 rozd\u00edly mezi regiony PADD a mo\u017en\u00e1 omezen\u00ed alokace v d\u016fsledku v\u00fdpadk\u016f nebo naru\u0161en\u00ed logistiky.<\/span><\/strong><\/td>\n<td><span dir=\"auto\">P\u0159\u00edplatky za naftu v kamionov\u00e9 doprav\u011b, stejn\u011b jako rostouc\u00ed n\u00e1klady v zem\u011bd\u011blstv\u00ed, stavebnictv\u00ed a dov\u00e1\u017een\u00e9m zbo\u017e\u00ed \u2013 dal\u0161\u00ed infla\u010dn\u00ed tlak.<\/span><\/td>\n<\/tr>\n<tr>\n<td><strong><span dir=\"auto\">Evropa<\/span><\/strong><\/td>\n<td><span dir=\"auto\">Z\u00e1soby plynov\u00e9ho oleje ARA jsou na \u010dty\u0159let\u00e9m minimu; kr\u00e1tkodob\u011b dostupn\u00e9 mno\u017estv\u00ed je ji\u017e tak omezen\u00e9.<\/span><\/td>\n<td><strong><span dir=\"auto\">S rostouc\u00edm vytv\u00e1\u0159en\u00edm z\u00e1sob na podzim a zimu dojde k zes\u00edlen\u00ed konkurence o dod\u00e1vky z USA a atlantick\u00e9ho regionu.<\/span><\/strong><\/td>\n<td><span dir=\"auto\">Konkurence mezi n\u00e1kladn\u00ed dopravou a dod\u00e1vkami topn\u00e9ho oleje; vy\u0161\u0161\u00ed n\u00e1klady pro pr\u016fmysl i spot\u0159ebitele.<\/span><\/td>\n<\/tr>\n<tr>\n<td><strong><span dir=\"auto\">Asie<\/span><\/strong><\/td>\n<td><span dir=\"auto\">Singapursk\u00e9 z\u00e1soby st\u0159edn\u00edch destil\u00e1t\u016f klesly od za\u010d\u00e1tku m\u011bs\u00edce o 15 %; velkoobchodn\u00ed ceny nafty jsou v\u00fdrazn\u011b nad \u00farovn\u00ed p\u0159ed konfliktem.<\/span><\/td>\n<td><strong><span dir=\"auto\">Zv\u00fd\u0161en\u00e1 konkurence v oblasti dovozu, mo\u017en\u00e9 vl\u00e1dn\u00ed intervence a v\u011bt\u0161\u00ed z\u00e1vislost na spotov\u00e9m trhu v ekonomik\u00e1ch z\u00e1visl\u00fdch na dovozu.<\/span><\/strong><\/td>\n<td><span dir=\"auto\">Rostouc\u00ed n\u00e1klady na dopravu a v\u00fdrobu, rostouc\u00ed tlak na dotace a mo\u017en\u00e1 omezen\u00ed pr\u016fmyslov\u00e9 v\u00fdroby.<\/span><\/td>\n<\/tr>\n<tr>\n<td><strong><span dir=\"auto\">Glob\u00e1ln\u00ed<\/span><\/strong><\/td>\n<td><span dir=\"auto\">V\u00fdvoz nafty z kl\u00ed\u010dov\u00fdch region\u016f klesl o 1,3 milionu barel\u016f denn\u011b; propustnost rafin\u00e9ri\u00ed byla o t\u00e9m\u011b\u0159 5 milion\u016f barel\u016f denn\u011b ni\u017e\u0161\u00ed ne\u017e p\u0159ed rokem; pozorovan\u00e9 z\u00e1soby se sn\u00ed\u017eily o 410 milion\u016f barel\u016f.<\/span><\/td>\n<td><strong><span dir=\"auto\">Dal\u0161\u00ed naru\u0161en\u00ed dod\u00e1vek nelze absorbovat a bude se p\u0159\u00edmo projevovat na trz\u00edch.<\/span><\/strong><\/td>\n<td><span dir=\"auto\">Sou\u010dasn\u00e9 infla\u010dn\u00ed a recesn\u00ed tlaky.<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<h3 class=\"wp-block-paragraph\"><strong><span dir=\"auto\">\u017d\u00e1dn\u00e1 rezerva znamen\u00e1 \u017e\u00e1dn\u00fd \u010das \u2013 n\u011bkter\u00e9 regiony se budou pot\u00fdkat s nedostatkem<\/span><\/strong><\/h3>\n<p class=\"wp-block-paragraph\"><span dir=\"auto\">Glob\u00e1ln\u00ed rovnov\u00e1ha je bezv\u00fdznamn\u00e1, pokud po\u017eadovan\u00fd barel hotov\u00e9 nafty \u2013 rafinovan\u00e9ho st\u0159edn\u00edho destil\u00e1tu \u2013 nem\u016f\u017ee dos\u00e1hnout m\u00edsta, kde fyzicky vznik\u00e1 popt\u00e1vka. Rafinovan\u00e9 st\u0159edn\u00ed destil\u00e1ty jsou region\u00e1ln\u00ed trhy, omezen\u00e9 konfigurac\u00ed rafin\u00e9rie, specifikacemi produktu, potrub\u00edm, termin\u00e1ly, plavidly, kapacitou p\u0159\u00edstav\u016f a \u200b\u200bdobou p\u0159epravy. Nafta, plynov\u00fd olej a petrolej sout\u011b\u017e\u00ed o stejn\u00fd v\u00fdt\u011b\u017eek rafinerie u st\u0159edn\u00edch destil\u00e1t\u016f, ale barel hotov\u00e9 nafty na jednom trhu nen\u00ed okam\u017eit\u011b zam\u011bniteln\u00fd s petrolejem a \u017e\u00e1dn\u00fd z produkt\u016f nelze okam\u017eit\u011b p\u0159esunout do jin\u00e9ho regionu.<\/span><\/p>\n<p class=\"wp-block-paragraph\"><span dir=\"auto\">Pokud jsou z\u00e1soby zdrav\u00e9, m\u00edstn\u00ed z\u00e1soby poskytuj\u00ed dny nebo t\u00fddny pot\u0159ebn\u00e9 k p\u0159esm\u011brov\u00e1n\u00ed n\u00e1kladu z jednoho PADD, evropsk\u00e9ho uzlu nebo asijsk\u00e9ho trhu na jin\u00fd. Bez p\u0159ebyte\u010dn\u00fdch z\u00e1sob tento \u010dasov\u00fd most miz\u00ed. Barel hotov\u00e9 nafty sice m\u016f\u017ee existovat n\u011bkde jinde, ale nemus\u00ed se nutn\u011b dostat na deficitn\u00ed trh d\u0159\u00edve, ne\u017e se z\u00e1soby vy\u010derpaj\u00ed v m\u00edstn\u00edm termin\u00e1lu, potrubn\u00edm syst\u00e9mu nebo distribu\u010dn\u00ed s\u00edti.<\/span><\/p>\n<p class=\"wp-block-paragraph\"><span dir=\"auto\">Barel hotov\u00e9 nafty n\u011bkde jinde nen\u00ed tot\u00e9\u017e co barel hotov\u00e9 nafty tady. Bez rezerv se vzd\u00e1lenost a dodac\u00ed lh\u016fta st\u00e1vaj\u00ed fyzick\u00fdm nedostatkem.<\/span><\/p>\n<p class=\"wp-block-paragraph\"><span dir=\"auto\">N\u00e1\u0161 odhad je, \u017ee se glob\u00e1ln\u00ed trh rozd\u011bl\u00ed. L\u00e9pe z\u00e1soben\u00e9 regiony budou schopny p\u0159e\u017e\u00edt pouze t\u00edm, \u017ee budou platit extr\u00e9mn\u00ed pr\u00e9mie a odkl\u00e1n\u011bt n\u00e1klad ze slab\u0161\u00edch trh\u016f. Jin\u00e9 regiony p\u0159ejdou od alokace, zpo\u017ed\u011bn\u00fdch dod\u00e1vek a nedostatku v termin\u00e1lech ke skute\u010dn\u00e9mu fyzick\u00e9mu nedostatku. Oba v\u00fdsledky jsou infla\u010dn\u00ed, proto\u017ee pr\u00e9mie za nedostatek se p\u0159en\u00e1\u0161\u00ed na n\u00e1kladn\u00ed dopravu, letectv\u00ed, zem\u011bd\u011blstv\u00ed, v\u00fdrobu a dod\u00e1van\u00e9 zbo\u017e\u00ed.<\/span><\/p>\n<h3 class=\"wp-block-paragraph\"><strong><span dir=\"auto\">Potraviny a energie \u2013 druh\u00e1 vlna<\/span><\/strong><\/h3>\n<p class=\"wp-block-paragraph\"><span dir=\"auto\">Krize nafty se nyn\u00ed prol\u00edn\u00e1 se zemn\u00edm plynem a hnojivy. Potraviny a energie jsou dva z nejp\u0159\u00edm\u011bj\u0161\u00edch a nejviditeln\u011bj\u0161\u00edch kan\u00e1l\u016f inflace v re\u00e1ln\u00e9 ekonomice. Vy\u0161\u0161\u00ed ceny nafty zvy\u0161uj\u00ed n\u00e1klady na p\u011bstov\u00e1n\u00ed, sklize\u0148, zpracov\u00e1n\u00ed a p\u0159epravu potravin. Z\u00e1rove\u0148 jsou dus\u00edkat\u00e1 hnojiva, zejm\u00e9na amoniak a mo\u010dovina, siln\u011b z\u00e1visl\u00e1 na zemn\u00edm plynu.<\/span><\/p>\n<div>\n<div>\n<div><span dir=\"auto\">20 a\u017e 25 %<\/span><\/div>\n<div><span dir=\"auto\">Pokles obchodu s hnojivy<\/span><\/div>\n<div><span dir=\"auto\">Objem glob\u00e1ln\u00edho obchodu s hnojivy se od ledna do dubna 2026 sn\u00ed\u017eil o 20 a\u017e 25 % ve srovn\u00e1n\u00ed se stejn\u00fdm obdob\u00edm p\u0159edchoz\u00edho roku.<\/span><\/p>\n<p><strong><span dir=\"auto\">Zdroj: FAO<\/span><\/strong><\/div>\n<\/div>\n<div>\n<div><span dir=\"auto\">+35 %<\/span><\/div>\n<div><span dir=\"auto\">Cenov\u00fd tlak na hnojiva<\/span><\/div>\n<div><span dir=\"auto\">Ceny hnojiv v prvn\u00edch p\u011bti m\u011bs\u00edc\u00edch roku 2026 byly o 35 % vy\u0161\u0161\u00ed ne\u017e ve stejn\u00e9m obdob\u00ed roku 2025.<\/span><\/p>\n<p><strong><span dir=\"auto\">Zdroj: Sv\u011btov\u00e1 banka<\/span><\/strong><\/div>\n<\/div>\n<div>\n<div><span dir=\"auto\">80 a\u017e 90 %<\/span><\/div>\n<div><span dir=\"auto\">Z\u00e1vislost na zemn\u00edm plynu<\/span><\/div>\n<div><span dir=\"auto\">Zemn\u00ed plyn tvo\u0159\u00ed 80 a\u017e 90 % v\u00fdrobn\u00edch n\u00e1klad\u016f amoniaku, nejd\u016fle\u017eit\u011bj\u0161\u00ed suroviny pro mo\u010dovinov\u00e9 hnojivo.<\/span><\/p>\n<p><strong><span dir=\"auto\">Zdroj: Sv\u011btov\u00e1 banka<\/span><\/strong><\/div>\n<\/div>\n<div>\n<div><span dir=\"auto\">Do roku 2027<\/span><\/div>\n<div><span dir=\"auto\">Nebezpe\u010d\u00ed pro z\u00e1sobov\u00e1n\u00ed potravinami<\/span><\/div>\n<div><span dir=\"auto\">FAO varuje, \u017ee nedostatek hnojiv ovlivn\u00ed \u00farodu a dod\u00e1vky potravin v druh\u00e9 polovin\u011b roku 2026 a v roce 2027.<\/span><\/p>\n<p><strong><span dir=\"auto\">Zdroj: FAO<\/span><\/strong><\/div>\n<\/div>\n<\/div>\n<p class=\"has-text-align-center wp-block-paragraph\"><em><span dir=\"auto\">Zdroje: V\u00fdhled potravin FAO, \u010derven 2026; Varov\u00e1n\u00ed FAO p\u0159ed nedostatkem hnojiv, kv\u011bten 2026; V\u00fdhled Sv\u011btov\u00e9 banky pro komoditn\u00ed trhy a aktualizace potravinov\u00e9 bezpe\u010dnosti, 2026.<\/span><\/em><\/p>\n<p class=\"wp-block-paragraph\"><span dir=\"auto\">Na\u0161e 12m\u011bs\u00ed\u010dn\u00ed hodnocen\u00ed je takov\u00e9, \u017ee sv\u011bt vstupuje do synchronizovan\u00e9ho cyklu nedostatku potravin a energie. Prvn\u00edm projevem je nafta v n\u00e1kladech na dopravu, zem\u011bd\u011blstv\u00ed a pr\u016fmysl. Druh\u00fdm projevem je zemn\u00ed plyn v amoniaku a dus\u00edkat\u00fdch hnojivech. T\u0159et\u00edm projevem jsou vy\u0161\u0161\u00ed ceny hnojiv, sn\u00ed\u017een\u00e1 aplikace, vy\u0161\u0161\u00ed provozn\u00ed n\u00e1klady v zem\u011bd\u011blstv\u00ed a omezen\u011bj\u0161\u00ed dod\u00e1vky potravin v pr\u016fb\u011bhu produk\u010dn\u00edho cyklu 2026\/27. Regiony z\u00e1visl\u00e9 na dovozu a ekonomiky s omezenou fisk\u00e1ln\u00ed kapacitou budou zasa\u017eeny jako prvn\u00ed a nejv\u00edce.<\/span><\/p>\n<p class=\"wp-block-paragraph\"><span dir=\"auto\">Nafta je bezprost\u0159edn\u00ed kriz\u00ed. Hnojiva jsou opo\u017ed\u011bnou kriz\u00ed. Potraviny jsou oblast\u00ed, kde se ob\u011b sb\u00edhaj\u00ed.<\/span><\/p>\n<h3 class=\"wp-block-paragraph\"><strong><span dir=\"auto\">Pro\u010d absence pol\u0161t\u00e1\u0159e znamen\u00e1 krizi<\/span><\/strong><\/h3>\n<p class=\"wp-block-paragraph\"><span dir=\"auto\">Pokud existuj\u00ed p\u0159ebyte\u010dn\u00e9 z\u00e1soby, syst\u00e9m m\u016f\u017ee p\u0159eklenout v\u00fdpadek rafinerie, zpo\u017ed\u011bn\u00ed tankeru nebo do\u010dasn\u00e9 omezen\u00ed v\u00fdvozu. Pokud je k dispozici rezervn\u00ed rafin\u00e9rsk\u00e1 kapacita, m\u016f\u017ee se produkce zv\u00fd\u0161it. Pokud maj\u00ed alternativn\u00ed v\u00fdvozci produkty k prodeji, lze n\u00e1klad p\u0159esm\u011brovat. Sou\u010dasn\u00fd trh ztr\u00e1c\u00ed v\u0161echny t\u0159i rezervy sou\u010dasn\u011b: z\u00e1soby, rezervn\u00ed konverzn\u00ed kapacitu a \u010das pot\u0159ebn\u00fd k p\u0159eprav\u011b n\u00e1hradn\u00edch barel\u016f s hotovou naftou a petrolejem.<\/span><\/p>\n<p class=\"wp-block-paragraph\"><span dir=\"auto\">Zb\u00fdvaj\u00edc\u00ed popt\u00e1vka po naft\u011b je tak\u00e9 st\u00e1le d\u016fle\u017eit\u011bj\u0161\u00ed. N\u00e1kladn\u00ed automobily mus\u00ed p\u0159epravovat potraviny. Farmy mus\u00ed z\u016fstat v provozu. P\u0159\u00edstavy, doly, stavebn\u00ed stroje, z\u00e1chrann\u00e9 slo\u017eky a z\u00e1lo\u017en\u00ed gener\u00e1tory se nad\u00e1le uch\u00e1zej\u00ed o palivo. S mizen\u00edm diskre\u010dn\u00ed spot\u0159eby zp\u016fsobuje ka\u017ed\u00fd dal\u0161\u00ed barel nafty dal\u0161\u00ed ekonomick\u00e9 \u0161kody.<\/span><\/p>\n<p class=\"wp-block-paragraph\"><span dir=\"auto\">Bez v\u00fdznamn\u00e9ho rezervn\u00edho mechanismu cena ji\u017e spot\u0159ebitel\u016fm jednodu\u0161e ne\u0159\u00edk\u00e1, aby \u0161et\u0159ili pen\u00edze. Za\u010d\u00edn\u00e1 ur\u010dovat, kter\u00e1 ekonomick\u00e1 aktivita bude i nad\u00e1le financov\u00e1na.<\/span><\/p>\n<p class=\"wp-block-paragraph\"><strong><em><span dir=\"auto\">Kdy\u017e u\u017e nezb\u00fdv\u00e1 \u017e\u00e1dn\u00e1 v\u00fdznamn\u00e1 rezerva, cena ji\u017e spot\u0159ebitel\u016fm pouze nesignalizuje, aby byli \u0161etrn\u00ed. Sp\u00ed\u0161e za\u010d\u00edn\u00e1 ur\u010dovat, kter\u00e9 ekonomick\u00e9 aktivity budou i nad\u00e1le z\u00e1sobov\u00e1ny energi\u00ed.<\/span><\/em><\/strong><\/p>\n<p class=\"wp-block-paragraph\"><strong><span dir=\"auto\">Na\u0161e hodnocen\u00ed: Dal\u0161\u00ed glob\u00e1ln\u00ed ekonomick\u00fd \u0161ok za\u010dne nedostatkem hotov\u00e9 nafty a dal\u0161\u00edch st\u0159edn\u00edch destil\u00e1t\u016f a pot\u00e9 se prost\u0159ednictv\u00edm hnojiv p\u0159esune do potravin\u00e1\u0159stv\u00ed.<\/span><\/strong><\/p>\n<p class=\"wp-block-paragraph\"><span dir=\"auto\">Sv\u011bt sice funguje s provozn\u00edmi z\u00e1sobami, ale bez smyslupln\u00e9 bezpe\u010dnostn\u00ed rezervy pro pr\u016fm\u011brn\u00e9 destil\u00e1ty. B\u011bhem p\u0159\u00ed\u0161t\u00edch 30 dn\u016f se nedostatek nafty p\u0159\u00edmo projev\u00ed z nedostatku hotov\u00fdch pr\u016fm\u011brn\u00fdch destil\u00e1t\u016f v n\u00e1kladn\u00ed doprav\u011b, potravin\u00e1\u0159stv\u00ed, zem\u011bd\u011blstv\u00ed, pr\u016fmyslov\u00e9 produkci a inflaci. B\u011bhem p\u0159\u00ed\u0161t\u00edch 12 m\u011bs\u00edc\u016f se tento \u0161ok projev\u00ed v d\u016fsledku nedostatku hnojiv a zemn\u00edho plynu i v cyklu plodin 2026\/27, dod\u00e1vk\u00e1ch potravin a cen\u00e1ch potravin.<\/span><\/p>\n<\/div>\n<\/div>\n<div class=\"elementor-element elementor-element-8c57238 quelle dc-has-condition dc-condition-empty elementor-widget elementor-widget-heading\" data-id=\"8c57238\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n<div class=\"elementor-widget-container\">\n<h3 class=\"elementor-heading-title elementor-size-default\"><span style=\"font-size: 10pt;\"><a href=\"https:\/\/sonar21.com\/global-diesel-breakdown\/\" target=\"_blank\" rel=\"nofollow noopener\"><span dir=\"auto\">Zdroj<\/span><\/a><\/span><\/h3>\n<p>&nbsp;<\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Fyzick\u00e1 nab\u00eddka dostihla trh. Na\u0161e hodnocen\u00ed: V p\u0159\u00ed\u0161t\u00edch 30 dnech se nedostatek nafty p\u0159\u00edmo projev\u00ed&#8230;<\/p>\n","protected":false},"author":2,"featured_media":106955,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[7],"tags":[1042,1872,371,310],"_links":{"self":[{"href":"https:\/\/www.infokuryr.cz\/n\/wp-json\/wp\/v2\/posts\/114392"}],"collection":[{"href":"https:\/\/www.infokuryr.cz\/n\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.infokuryr.cz\/n\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.infokuryr.cz\/n\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.infokuryr.cz\/n\/wp-json\/wp\/v2\/comments?post=114392"}],"version-history":[{"count":0,"href":"https:\/\/www.infokuryr.cz\/n\/wp-json\/wp\/v2\/posts\/114392\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.infokuryr.cz\/n\/wp-json\/wp\/v2\/media\/106955"}],"wp:attachment":[{"href":"https:\/\/www.infokuryr.cz\/n\/wp-json\/wp\/v2\/media?parent=114392"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.infokuryr.cz\/n\/wp-json\/wp\/v2\/categories?post=114392"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.infokuryr.cz\/n\/wp-json\/wp\/v2\/tags?post=114392"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}