Justin Ho
๐ค SpeakerAppearances Over Time
Podcast Appearances
Especially Southeast Asia, where he says cancellations could go from sporadic to systematic.
Europe will likely feel it next.
And there's also California.
But American travelers overall are in a much better spot than most because of how much crude oil the U.S.
produces and refines, says Karim Fawaz with S&P Global Energy.
He estimates the world has lost some 40% of traded jet fuel supply since the start of the crisis.
Much of it is refined in the Middle East.
So demand will have to follow.
And unlike gasoline or diesel, jet fuel demand is more sensitive to rising prices.
The higher ticket prices go, the more likely people will opt out of flying.
So Abhi Rajendran with Energy Intelligence says he does expect U.S.
demand for jet fuel to come down this summer.
Would-be Spirit Airlines flyers may opt to road trip instead, which would increase demand for gasoline at a time of already higher prices and lower global supply.
I'm Elizabeth Troval for Marketplace.
GameStop CEO Ryan Cohen has been wanting to invest in something for a while, says Wedbush's Michael Pachter.
Kind of like a minnow attempting to eat a whale, says Eric Talley at Columbia Law.
GameStop says its stores could give eBay a physical space for intake and fulfillment.
Talley says there could be other reasons.
Another one is just that they want to try to monetize the value of their stock, which still has quite a bit of froth and bubbleness inside it before that bubble bursts.
And that's not a terrible strategy to pursue.