Matt Randolph (Mr Global)

Why did we do that?

Scott, the genius that is Scott Besson.

He doesn't believe or has this belief that barrels on the water, right, that are sanctioned aren't equivalent to barrels on the water that are unsanctioned.

So he doesn't understand that if there's oil on the water, no matter what currency it's being traded in, it still counts.

So it's one of the stupidest things our government has believed for a long time.

If these if this oil is sanctioned, then it's like it's not there.

No, it's still there.

So they thought if they just unsanctioned that oil, it would flood the market and bring down oil prices, and it would somehow hurt Iran.

And their very first sale of oil netted them like $150 million more than it would have two days before.

So it's...

Yeah, I don't understand the logic there, where just because oil isn't being traded... Yeah, I mean, he wrote a whole book about it.

Yeah, he didn't write or read that book.

He didn't write shit.

Define relief.

Lower prices.

It's probably going to take three or four weeks once the Strait is open for flows to get back to normal.

Some people say four to six weeks.

Three to four weeks.

Either way, it's going to be some time, right?

There's thousands of ships there.