Robert Pape

What do you think about this?

They don't care.

And that's really devastating for America's interests, America's role in the world.

And it's kind of hard.

I think for a lot of people to imagine, although I've been saying to expect this, I think now the reality is just kind of hard to accept here, that it really is the case that this is all tragic, but it was predictable.

You got basically the decisions of one guy in the world, President Trump, has enormous power, and he's used that power to

devastatingly negative consequences for America, the region, much of the world's economy, and to the growing power of America's leading rivals.

Well, what we are seeing, and we've talked about this before, is there is a trajectory here with the Strait of Hormuz being closed down.

And everybody now knows closed down 20% of the world's oil, 30% fertilizer, dot, dot, dot.

But the trajectory is...

In the first 45 days, and we're now at day 60, the first 45 days, it was simply price rising and price rising notably, but in anticipation of stage two, which started about actually two weeks ago.

It's this middle stage where shortages, actual shortages are appearing.

And that has been recorded here, you know, the worry about the jet fuel, Europe, and this is just the beginning of all this.

But that is what you are seeing now.

And this is going to get worse because all the ships that were in transit over the last couple of months, it could possibly still have some oil in them.

They've all hit dry dock.

They've all been there.

The storage areas, the storage bins that are full here have now started to be sucked dry.

so what you are getting now is the true shortage period starting and it actually started about 10 days ago and we've talked a bit about this and this is why now the price of oil is it's not like prices just went up once and then they they stopped once the shortage is actually hit it's not a probability it's a reality

And that's what you're seeing with the price of oil.