Oz Veloshian

I think that's interesting.

But your broader point holds.

I mean, desalination is an absolutely critical node.

It's not hardened facilities.

And you've got countries that are relying on those plants for 90%, in some cases, 98% of their water.

And they are being held hostage by the Iranians right now.

If they are taken out, then you're gonna have mass exodus of major cities.

So that's a huge vulnerability.

But also, I mean, I don't see any amount, because supply chain resilience is expensive, and you can do it in limited ways to deal with sort of more expected shocks.

But taking more than 10 million barrels of oil a day off of the market, not to mention all the natural gas, the fertilizers, the plastics, and the rest, taking that off the market for a month or two months or more, I don't see a world

where you're going to have people spend to prepare for that.

I don't see that.

What I see is that there are certain countries that have been investing longer term that are in better shape by virtue of the nature of their political system.

So the Chinese have just much more full stockpiling in every commodity known to man that's helping them now.

And they're also investing much longer term in moving away from oil and gas and towards renewables.

And think about what this means for the importance of their electric vehicle sort of capabilities.

And BYD, which was looking problematic because of involution competition, suddenly looks amazing again because,

Europeans and Asians just are going to continue to turn away from fossil fuel automobiles.

So China to me looks much stronger, not because they've got suddenly resilience for 10 million barrels of oil off the table, but rather because they've been investing for the long term for a long time.

You know, one of the peculiarities I find of the past month or two is