Ed

When we're all, you know, we're living long.

You know what I mean?

We have all this nice stuff.

You know, since World War II, all things considered by the standards of history have been pretty peaceful.

Richest country by a mile in the world.

And it's like, yeah, I understand things are tough in the Rust Belt.

And I respect that.

And I respect the pain that, you know, inequality and unequal distribution causes.

But I feel like we have a lot at stake here.

You know, these are very general observations from a guy who sits around thinking about stocks, but there you go.

I think Wall Street, with a very limited number of exceptions, like the companies that have refineries on the Gulf Coast, where if there's more very heavy oil flowing around, that's profits for them.

That what the numbers coming out of stocks on Wall Street are telling you is this is not a big economic event.

I can't make, as a proposition, the removal of President Maduro in Venezuela, I can't make sense of that as a let's get the oil strategy.

I just can't, given the oil market, how it works, where else there is oil in the world, how much the differential and extraction costs, the potential risks involved.

It just doesn't work as an economic play.

And similarly, I would say the same thing about Greenland.

Now, it may be that people in the White House have a very different perspective than I do.

People disagree.

Maybe I'm an idiot.

Maybe they're idiots.