Jason Calacanis

which is the president activated a whole bunch of member countries in the IEA.

And I think Chris released 172 million barrels.

I think there's a coordinated release of about 400 million barrels of petroleum.

That's going to dampen the effect of any price spike.

On top of that, I think the estimate is there's probably another billion or so more barrels that one could

release out of strategic stockpiles.

So I think that both of these two things together kind of paint a picture that probably the worst is behind us.

And I think now it's about finding the off ramp.

Man, you're really kitchen sinking it.

It's literally what I was thinking.

As much as people want to talk about Iran, Iran, Iran, I think as I explained last week, I think this is about China, China, China.

And you have to remember, at the end of this month, he has a pivotal three days with Xi Jinping in China.

This is going to be an absolutely historic convening of the two superpowers,

that run the world, one which is us, we are the established, and one which is China who wants to be re-ascended.

And I would bet dollars to donuts that there is going to be an enormous incentive for Xi to negotiate a grand bargain in those three days and do something historic for himself

And I think that the president will use that if he thinks that it creates leverage.

Chamath, you want to follow up?

All roads lead to China.

I think that you're going to see Xi offer up a grand bargain.

And I think it's up to the president to decide whether he wants to take it and see what he wants to add to it to get something done.