Tom Bilyeu
👤 SpeakerAppearances Over Time
Podcast Appearances
This is a pretty important response.
They reacted quickly when this all happened.
So they want to prioritize their domestic needs.
Drivers, especially commercial drivers like taxi drivers, delivery vans, trucks, those guys, for obvious reasons, their entire livelihood is tied up in gas and gas prices.
So it's no surprise that they would rush in and make sure that they get a full tank before this becomes not just a price hike, but actual potential shortages.
And so
Also, as you look broader around the world, the panic isn't unique to China.
So Thailand also saw long queues and stations running dry, by the way, after similar warnings.
Philippines had a panic, hour plus long wait lines there.
Bangladesh has also imposed sales limits because people are beginning to stockpile gas.
Now remember, we're like less than two weeks into this.
So if the Stratiform moves continues to be closed for like another three or four weeks,
Could get rough.
Could get rough.
Sort of.
Sort of.
So that's true in the US because we produce so much of our own energy.
And so price raises here, you can kind of look at a little bit sideways.
However, during the globalism era, everything became what's known as just in time.
And so you didn't have to build these gigantic warehouses to stockpile everything.