Jon Quast

It goes both up and down in how much oil it's producing and shipping out.

That's a supply issue.

But right now, we're talking about the LNG facility in

Qatar, that's a supply chain issue that takes forever.

Like you mentioned, we're talking about some potential ways to mitigate this, but it's pretty difficult.

You look at the oil reserves.

We've talked about that on a previous show.

It really doesn't do a whole lot for

prices because of how small that is in relation to daily consumption.

The Trump administration right now is talking about waiving the Jones Act, or maybe it officially did waive the Jones Act for 60 days.

This is something that is hoped to mitigate oil prices because it basically loosens restrictions on U.S.

ports, but some are already doing some

estimations here and maybe it's going to save less than a penny per gallon on gas at the pump.

It's really not a material development at all.

There's not a whole lot we can do here other than what Lou said, rebuild the supply chain, but that's going to take time and we can't get started yet until this current phase is over.

Another complicating factor here and another kind of glossary word we have to add is the crack spread.

And the crack spread is basically the difference between the price of oil and the price of what we make with oil.

It's very oversimplified.

Yeah, all of that.

Oil has been relatively calm relative to refined products.