Tracy Alloway

I have no idea.

It seems like they're not even instituting a system for, you know, individual payers to actually get any money back.

Yeah.

I don't even think it's recorded as like paid probably.

I can't even imagine what the systems look like for actually recording all of this stuff.

I don't have any good takes on the Apple transition, but I mean, when you read those sorts of statements and we talk about what capitalism actually is and what it looks like, it does seem to devolve into something that looks a lot more like a patronage system than free market capitalism.

Oh, well, just going back to the sort of broad outline of the impacts of the Strait of Hormuz closure, we have a great episode coming out with oil historian Dan Yergin later this week.

He's the guy that wrote the book on energy history called The Prize.

And he does a really good job of explaining why even if the Strait is opened tomorrow, we're not really going back to the previous energy world.

We just can't.

This is sort of like one of those, you know, the toothpaste can't be put in the bottle kind of moments where every government on earth has realized how unpredictable geopolitics is at the moment.

And

Every country on Earth that has the monetary ability to do so will be trying to rebuild its own stockpiles of energy for future unforeseeable, unpredictable events.

I mean, I feel like there's going to be a longer term structural bid for oil going forward.

I just don't see how there can't be.

You know, the U.S.

is using some of its strategic petroleum reserve through this crisis.

China has built this big strategic petroleum reserve as well.

And again, they're using it during this crisis.

They're going to want to top those up.