Watching these journalists strain to treat this man as a serious person made me laugh out loud.
It’s like watching the fucking Muppets show.
For an alternative perspective, Energy Analyst Paul Sankey has one.
He calls the current situation “a true TACO”, using the acronym for “Trump Always Chickens Out”, which has now apparently entered the language.
Does not see the Straits of Hormuz ever returning to what’s been “normal”.
They are “structurally denigrated.”
Oh, and also, “we could be into a global depression type situation.”
It’s CERA Week in Houston, which is Burning Man for Oil and Energy tycoons. Looking for some interesting insights next 3 days.