Sometimes the stuff Trump he's been fed or hallucinated, but that's roughly on par with what I've seen knowledgeable people speculate for a few weeks now, mid-July to late August as the "you've used up your margins & now you're in triage mode" interval
Chatham Harrison dba TRUMP DELENDUS EST
btw the fact that Trump just blurted this out...like you could estimate the same conclusions doing some oil industry research and napkin math but to just outright confirm it by saying it in the midst of negotiations....
쏨이시대
We were spending our petroleum reserves to keep prices down. Trump volunteered that we were 4 weeks from real trouble. Strait’s closed again.
Lindsay Beyerstein
I remain very puzzled by this, by the way. It just seems like “we shut off 20% of the world’s oil and natural gas” should have non-trivial domestic consequences but right now all we’ve got is gas prices about a dollar more than what I’d see as normal, which is pretty trivial.
Will Stancil
My understanding from the oil people is that the real crisis hasn’t arrived yet, but keep the strait closed a few more weeks and we’re going to hit in a fashion roughly akin to a plane flying into the side of a mountain. I don’t know if that’s true but if it is, the future gets pretty cloudy
