Rudyard Griffiths

We're seeing key other commodities race up in price, too, as, you know, again, the knock-on effects through mining and extractive industries, which are affected by high fuel costs.

So copper...

headed up lithium, other key components to the modern global manufacturing chain.

The midterms, Janice, are coming closer day by day.

Gas in the United States remains over $4 a barrel.

Even if this war were to end and the Straits of Hormuz were to reopen, there were reports, seemingly later squashed by Pete Hedges' office, but reports from the Pentagon that it could take up to six months to demine the Straits of Hormuz just from...

what's happened over the last seven to eight weeks so i guess what i'm trying to wrap my mind around is what should our listeners and viewers be thinking about the next six to 12 months how and this is the final point just to try to situate this for people that

International Energy Agency has come out and said this is the single biggest energy shock in history.

Bigger than the 1970s energy crisis, bigger in a sense than COVID to the extent to which energy prices were disrupted.

What do you make of that?

What should we expect this time in the fall or this time next year?

And add climate change over that, a record drought that seems to be building in the United States.

But, Janice, the consequences of that, though, we know what came out of COVID.

A few things.

One, and it could be far worse in the developing world.

Political instability.

Yeah.

A country like Egypt.

We have seen in the past there, for instance, rising fuel costs or food costs have literally pushed Egypt to the brink of, you know, social widespread social unrest.

And then here in advanced economies.