Carol Roth

And, you know, investors who are very focused on geopolitics and oil and gas, you know, believe that the strait at this point is closed indefinitely and that there's no clarity about what an opening date is really going to happen.

Yeah.

So, you know, obviously there would have to be a long extended, you know, not a one-off situation or a three-off situation, but there would have to be a return to some sense of normalcy and flow.

And even then, that doesn't mean that there's, you know, definitely an end to the conflict, but, you know, that within the context is going to have a different read in terms of the market.

And look, the reality is, Glenn, that the cost of

gas and the cost of oil on a worldwide basis should be higher at this point in time.

There has been a lot of concerted efforts in terms of strategic petroleum reserve releases across the world and other efforts to try to keep this down and keep a lid on it during the conflict.

So even at the high levels that we're at, it could be worse.

And I think that, again, that's part of the calculus is how much runway is there

So you keep a lid on this over time, and obviously the longer that it goes on, the longer-term risk there is.

Yeah, the thing about the Elizabeth Warrens, which has.

And progressivism, but basically liberalism in general at this point is that they are always wrong and never in doubt.

And this is a very dangerous combination because, you know, you can have this moral preening.

But it doesn't replace economic reality.

And they are so decoupled from the economic reality, either because they don't understand or because they don't care, that they get to be Ralph Wiggum from The Simpsons.

Oh, I did a thing.

I helped.

And no, you did not help.

They take their victory lap.

And then what happens is that long term, everybody suffers the consequences.