Glenn Beck

There's some facts here I want to give you, and this came from Jesus Rojas.

He says, hundreds of super tankers, the kind that carry 2 million barrels each, are currently racing toward, where do you think?

The U.S.

Gulf Coast from every direction.

the Atlantic Indian Ocean around Africa.

Iran closed the Strait of Hormuz.

Everyone panicked.

Oil hit $126 a barrel.

Gas hits $4 a gallon.

Cable News does a thing where they put the red banner on the screen and they say crisis and everybody should start hoarding toilet paper.

And then something happened that nobody in the media seemed interested in reporting for obvious reasons.

The world, did it just switch suppliers?

Like changing your internet provider, except the internet provider is the entire global energy economy.

American oil exports are now approaching record levels.

Gulf Coast refineries are running at 95% capacity.

Supertankers that were mid-ocean on their way to the Persian Gulf literally turned around and headed towards Texas.

This is not a metaphor.

Ship tracking data shows them doing U-turns in the Indian Ocean.

Meanwhile, in China, which is getting 45% of its oil imports through Hormuz and paying basement prices for sanctioned Iranian crude, is now competing with Japan and Europe for the same expensive American barrels.

Chinese manufacturers are already raising prices 20% on goods.