Mark Gagnon

They are just the guarantors or the conservators of these countries.

And when they're discovering oil, they basically broker a deal with the British and say, hey, we're going to cut you a really, really low rate on this oil.

And you guys will help us with infrastructure and getting it and safety and all this stuff.

And we're going to hook you guys up with a crazy deal.

And America basically, or Britain and America basically says, all right.

So as a result, America's cool with the Shah and they're getting their kickbacks, you know.

But BP like kind of voluntarily leaves and is like, we don't want the headache of having to govern you guys.

We just want your oil.

So just give us the oil.

Makes sense.

So it is wild, though.

It's also good diplomacy on the end of these Middle Eastern countries, the Saudis and the Bahrainis and the Emiratis.

They did a good job of brokering deals with the West to basically be like, hey, you guys can outpower us, but you don't want to destroy these oil fields, right?

You can come and fight it, but let's just be cool and we'll hook you guys up on the back end.

But it's just crazy.

It's a wild thing.

It's going to be interesting to see how this develops.

Yeah, I don't know.

It's just wild seeing how the global economy is affected by these shocks, you know?

Like you shut down the straight or you make it unstable, and all of a sudden everyone's money gets messed up, and then everyone's like, hey, can we stop with this?