Oil is the only commodity on Earth used in every single sector of every economy. Even our adversaries need it. The Strait of Hormuz is two miles wide, and Iran is threatening to mine it. Whether securing it costs $2 billion or $4 billion a month, it's a rounding error in the global economy. I'm not pro-war. I hate war. But this rogue nation has been pulling this act for nearly 60 years. At some point, it has to end. One more thing investors need to hear: alternative energy didn't deliver when we needed it most. We spent billions on wind and solar as an insurance policy for exactly this scenario. It didn't work. Expect to see more pro-hydrocarbon policy globally after this.
Oil is the only commodity on Earth used in every single sector of every economy. Even our adversaries need it. The Strait of Hormuz is two miles wide, and Iran is threatening to mine it. Whether securing it costs $2 billion or $4 billion a month, it's a rounding error in the global economy. I'm not pro-war. I hate war. But this rogue nation has been pulling this act for nearly 60 years. At some point, it has to end. One more thing investors need to hear: alternative energy didn't deliver when we needed it most. We spent billions on wind and solar as an insurance policy for exactly this scenario. It didn't work. Expect to see more pro-hydrocarbon policy globally after this. ♬ original sound - Mr. Wonderful - Mr. Wonderful
