Patrick DeHaan
๐ค SpeakerAppearances Over Time
Podcast Appearances
It's really easy to say, well, we can just stop that.
Well, we really can't.
You can't have a world in which the U.S.
is the world's largest oil producer and we keep all of our own oil.
It just wouldn't work like that.
There's not enough financial incentive for oil companies to invest billions of dollars for a very limited return.
They're not sitting there waiting in the Arabian Sea to go in and pick a cargo up.
A lot of them are parked near the destinations or tankers that would have been going to the Gulf just picked up a cargo in Texas.
It's conventional wisdom, even, that the U.S.
would be in a recession.
Sold it for $800 right up there.
Global inventories are declining, and that means that the longer the Strait of Hormuz continues to be closed, we could see an elevated risk of the national average reaching the $5 gallon mark, something we've only seen for less than a week back in 2022.
Global inventories are declining, and that means that the longer the Strait of Hormuz continues to be closed, we could see an elevated risk of the national average reaching the $5 gallon mark, something we've only seen for less than a week back in 2022.
Global inventories are declining, and that means that the longer the Strait of Hormuz continues to be closed, we could see an elevated risk of the national average reaching the $5 gallon mark, something we've only seen for less than a week back in 2022.
And now today we are going to send you.
We're sending you to lead.
We're sending you to forge warriors.
And we're sending you perhaps to war.
And you are ready.
Global inventories are declining, and that means that the longer the Strait of Hormuz continues to be closed, we could see an elevated risk of the national average reaching the $5 gallon mark, something we've only seen for less than a week back in 2022.