Mike Baker

The US alone has released tens of millions of barrels from the Strategic Petroleum Reserve since the crisis began.

Those reserves will eventually need to be replenished, and that process creates additional demand precisely when producers are trying to restore normal supply.

So, while markets are understandably celebrating the prospect of peace and some form of stability, the reality is that the global economy is still working through the aftershocks of the crisis.

One of the lessons of modern globalization is that supply chains are remarkably efficient when everything is working properly, but when a critical artery is disrupted,

or restarting the system, well, that takes time.

All right, before we take a break, I want to tell you about a brand new podcast available exclusively to PDB Premium subscribers.

It's called the PDB Dictator Files.

In this new series, we'll examine the world's dictatorships and the strong men who rule them, the cults of personality, the propaganda, their paranoia, there's so much paranoia, and the machinery of fear and control that keeps authoritarian regimes alive.

Our first episode is available right now and takes us inside what may be the world's most bizarre dictatorship.

I'm talking Turkmenistan.

We'll explore the surreal personality cults, strange government decrees, and authoritarian system that make this isolated Central Asian nation unlike anywhere else on Earth.

You can listen to that episode today by becoming a subscriber at pdbpremium.com.

Again, that's pdbpremium.com.

All right, coming up next, new allegations that China helped train Russian troops for combat in Ukraine.

And the FBI says it disrupted an alleged plot targeting that UFC event just held at the White House.

I'll be right back.

Hey, Mike Baker here.

Now, if you're like me, you enjoy the occasional night out, but perhaps not the morning after.

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