Toby Howell
speaker
32,096 appearances
337 recordings
5 series
first heard Oct 2023
last heard 6d ago
Toby Howell’s voice in public audio — every appearance, attributed to the second.
Trend
recordings per month · last 12 monthsRecordings per month over the last 12 months — 196 in all, peaking in Jun 2026 with 49.
Appearances
In addition to Bob El Mandab coming under a threat, there's also some unconfirmed reports as of now that the Houthis hit Saudi Arabia's east-west oil pipeline at several locations.
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That is the pipeline that bat pipeline that bypasses the Strait of Hormuz and carries crude out to the Red Sea.
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If that does go down, as maybe it looks like it has, that will really send a shock through the system.
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Because Saudi production, Saudi Arabia's oil production has fallen to its lowest level since 1990.
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And typically Saudi Arabia has acted as kind of this pressure valve for the world when it comes to oil production.
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They can bring spare production capacity online because they don't, they want to control supply and in demand.
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So they're rarely running at full capacity.
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The fact that they are seeing their output fall to 1990.
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Levels shows that there really isn't a pressure valve anymore.
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And then finally, the other thing that's happening is China is buying again.
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I remember we on the show a few months ago, we said, how come oil prices didn't go up as much given the supply shock that is uh tied to the Strait of Hormuz?
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And a lot of it was due to the fact that China wasn't really buying oil.
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They weren't constraining supply globally.
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They had a lot of reserves within their own country.
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country, that is now not the case anymore.
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They have become a resurgent buyer, which is tightening the global market even further.
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If you wake up, pull into a gas station and see quad nines, you just gotta call it for the day.
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Go home, stay home, walk to work that day.
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There's so much irony though in the fact that the rush into September in October is sort of uh easing the very advantages that made fall attractive in the first place.
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Because if everyone has the same idea of, huh, maybe I'll skip the summer and go in the fall, then the fall becomes more crowded.
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Showing 61–80 of 32,096 · page 4 of 1605
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