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Ryan Petersen

๐Ÿ‘ค Speaker
2037 total appearances

Appearances Over Time

Podcast Appearances

Prof G Markets
Is the Oil Crisis About to Break Global Supply Chains?

So it's not possible for American that we don't have it.

Prof G Markets
Is the Oil Crisis About to Break Global Supply Chains?

California is not connected to the Texas energy market.

Prof G Markets
Is the Oil Crisis About to Break Global Supply Chains?

And they actually did it not to save California, but to save Alaska.

Prof G Markets
Is the Oil Crisis About to Break Global Supply Chains?

Um,

Prof G Markets
Is the Oil Crisis About to Break Global Supply Chains?

Because Anchorage is the world's โ€“ I said Dubai is the biggest cargo airport.

Prof G Markets
Is the Oil Crisis About to Break Global Supply Chains?

Anchorage is right up there.

Prof G Markets
Is the Oil Crisis About to Break Global Supply Chains?

It's a massively important air cargo market because you can't fly a 747 loaded with cargo, can't make it from Asia to the United States without refueling.

Prof G Markets
Is the Oil Crisis About to Break Global Supply Chains?

They all stop in Anchorage to refuel.

Prof G Markets
Is the Oil Crisis About to Break Global Supply Chains?

And so Anchorage is โ€“ and they were about to not have any jet fuel if they hadn't waived โ€“

Prof G Markets
Is the Oil Crisis About to Break Global Supply Chains?

this, the Jones Act.

Prof G Markets
Is the Oil Crisis About to Break Global Supply Chains?

So there's these things that are, you know, we just kind of take for granted.

Prof G Markets
Is the Oil Crisis About to Break Global Supply Chains?

Yeah, of course you can get jet fuel at the airport, but it's very interconnected now.

Prof G Markets
Is the Oil Crisis About to Break Global Supply Chains?

And actually, I should have looked this up before I came on.

Prof G Markets
Is the Oil Crisis About to Break Global Supply Chains?

I don't know how long they actually can suspend the Jones Act for, but it's not permanent.

Prof G Markets
Is the Oil Crisis About to Break Global Supply Chains?

It's an act of Congress.

Prof G Markets
Is the Oil Crisis About to Break Global Supply Chains?

The president has some emergency powers, but it's not a permanent waiver of that.

Prof G Markets
Is the Oil Crisis About to Break Global Supply Chains?

So we'll see how that plays out.

Prof G Markets
Is the Oil Crisis About to Break Global Supply Chains?

It's the right question.

Prof G Markets
Is the Oil Crisis About to Break Global Supply Chains?

I think...

Prof G Markets
Is the Oil Crisis About to Break Global Supply Chains?

There's a... Let's hope that it's temporary.