Tyler Crowe

And so the equipment that they're having to produce and supplies they're having to bring in the door are going way up.

So you have this bottleneck of basically companies that cannot make things fast enough to get out the door.

That's driving up prices.

And then on the...

original raw material side, we have the closure of Strait of Hormuz.

You want to call it the war, the conflict, whatever term you want to put to what is happening.

It's just basically the closure of the Strait of Hormuz has wider implications.

We're not just talking about oil and gas here and refined products.

This is a part of the world that exports

10 to 20 percent of the world's aluminum, 20 to 30 percent of the world's fertilizer, 30 to 40 percent of the world's helium, which sounds kind of weird.

I'm not talking about balloons.

I'm talking about like semiconductors and medical imaging.

These are the sort of things that matter when we're talking about.

Yeah.

And we're getting to the point now where these things are really starting to bleed through because, you know, a couple of weeks, everyone, we all, you know, started pulling at our hair and thought the world was on fire.

It was like, but we started to get through, but it's now been like seven or eight weeks.

And now we're looking at actual shortages.

The U.S.

has been drawing down the strategic petroleum reserve.

Inventories have been dropping worldwide.