Ryan Petersen

It's in everything.

And the U.S.

will be okay relative to other markets because we're self-sufficient in energy and fuel.

You're going to see a lot of markets, a lot of countries where it's not about...

It's like actual shortages.

You can't get stuff at any price.

And yeah, of course, the price will go parabolic at that point.

But that's the real danger that I think the economy is facing right now.

And hopefully, we take it for granted that

supply chains and modern civilization, actually, just like it's all built on a foundation of kind of peaceful coexistence here that if you upset that apple cart, it can get really bad.

The one that we narrowly avoided is on the West Coast.

So California shut down all or most of its refineries in an effort to go green.

But of course, we still consume a lot of oil in California, a lot of oil-based petroleum, gasoline, whatever.

And so we've been importing refined petroleum from Korea and other Asian markets because we shut down the refineries in California.

Well, those markets are now out of crude to process because they're getting their crude from the Middle East.

And so the president had to, last week, suspend, waive a temporary provision, but waived the Jones Act.

And the Jones Act is what prevents... The reason that they have to get refined petroleum from Asia is because under the Jones Act, which is a 100-year-old law, if you want to move...

oil by ship from Texas to California.

It has to be on a U S made tanker with a U S crew citizen, American citizens as the crew.

And those don't exist.