Anthony Pompliano

And everyone inside the energy market knew that, oh, my gosh, I mean, the Chinese have their own intel.

And they're saying we're not exporting anything anymore.

We're hunkering down to take care of our own country.

uh plastic poly polyethylene through the roof hasn't come back down jet fuel prices massive you're getting starting to see airlines raise prices uh in the u.s they're only talking 20 in asia cathay pacific last night 37 like you're the inflation thing is real because the shortages are going to take some time to get through and it isn't just the straight there was a lot of damage done to the infrastructure particularly things that like i mentioned last week with vaslavon

in Qatar, this has implications for LNG, but it also has implications for helium.

And so helium, there's enough inventory for semiconductors in Asia, but that's starting to get more alarming.

And you're starting to get examples of something Jeff Curry said on all of his interviews, which is when countries start worrying about their own situation, and this is what happened during COVID with the masks, they start hoarding things.

They start building inventory because even if the Strait were to open,

What's to say there won't be a drone that hits a tank if all of a sudden a tanker, if something goes backwards?

And we've learned now that the strait shuts down if one thing happens.

Nobody's going through there if all of a sudden hostilities start to increase again.

So I think there's a very, very difficult situation that the market's coming to terms with that this is more structural than they thought.

The one thing I've tried to restrict myself from getting involved in in conversations with institutions during the week, but also my weekend videos, is in this thing of trying to handicap how long this will be.

The one thing that everyone should just accept, we will have higher oil for longer.

It'll take a while for the risk premium to come down.

Regardless of how long this goes on.

There's no kumbaya moment.

What you described as what you thought, number one, that was the majority of people.

And again, I didn't get in my head of thinking about it that way.

I was more focused on credit and the other issues that were happening.