Rep. Chip Roy
๐ค SpeakerAppearances Over Time
Podcast Appearances
You know, you sometimes think you've seen it all until you read the next tweet or the next Wall Street Journal report, right?
But it is largely unprecedented.
It's interesting because the war plans have been built into this for 40 years, the different scenarios.
But I think all those scenarios have finally started to play out in different areas.
We're in a really interesting time right now.
We really are.
This is really interesting because what we were talking about six weeks ago is very different than what we're talking about right now.
And you let off with what's going to happen to the Iranians.
The US Navy's had this straight scenario for 40 years.
The Iranians had their what we do when we have to shut in our oil production scenario for 30 years as well.
And when I try and explain this to people, I have to remind them, look, the Iranians are producing oil.
They're consuming it internally in their own country, but they're also exporting.
And what we've seen over the last few days has been really interesting because the blockade has been very effective in crushing those exports and the ability for the shadow fleet to move out and to move back in.
What you're seeing in Iran right now is they're trying to look at overland routes, and so they're doing everything from heavily subsidizing gasoline use in Iran itself, where it's 12 cents a gallon, to having fleets of dusty pickup trucks with...
Home Depot buckets full of crude to get it over land.
And finally, they're just burning it.
They're just literally burning it off at the wellhead.
So they are, I think that that scenario that the president talked about two weeks ago of putting the pressure on the production facilities is really starting to play out right now.
But we've got a long tail ahead of us.
from what we gather they are almost there they literally are and and again to remind people oil comes out and it's it is stored in in a long uh sort of uh distribution channel it's stored in tanks it's stored in pipelines it's stored in ships and trucks and it's moved it's a you know it's in a constant moving process and what has happened is uh the