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Oil Moves To Front Burner With Iran On Fire
If you're worried about oil supplies in the long shadow of America's latest effort to effectuate reg
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I’m reminded of Nasim Taleb’s anecdote about Fat Tony and the lead up to Desert Storm. “Should I go long oil?” Fat Tony replies, “Nah! You short oil! Everyone’s been preparing for this for weeks! Filling storage, loading tankers. When the shock passes oil will plummet.”
30% of LNG goes through the Strait, that could move natural gas prices if this military operation goes sideways
Way back during the Iran-Iraq war the Iranians mined the Straits. Of course they denied that it was their doing, instead blaming “mysterious hands”. I always like that one.
But as you lay out above, that will be a much, much harder task now.
Lithium perhaps. Or maybe Thorazine…