Ed Elson

It's like, whatever, you dropped a bomb.

But what are some of those second order effects here?

I mean, how do you think that this ceasefire that was preceded by very, very scary threats and that may not really last, at least that seems to be the situation right now, how would that affect our economy further down the line?

So higher interest rates, higher gas prices long term, I assume, is the trajectory.

I mean, I guess one question is,

oil prices surged above 100, they were approaching 150, and now they're coming back down.

And your suggestion is that if things remain as they are, which is like, there's a little bit of a ceasefire, but bombs here and there, but the straight isn't completely closed, then maybe we'll hit 80.

I guess the question is, does the fact that oil was at

close to $150.

Does that trickle through down to gas prices in the long term in any way?

And what is the overall trajectory of gas prices at this point?

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When you do anything that increases inflation at a structural level, which seems has happened here, it's almost like you're testing the consumer.

Are you down to pay this much?

And then when the consumer does pay, largely because, what, you're going to not pay for gas at this point?

I mean, most consumers need to pay for gas.

And it's like, oh.

They can afford it.