The world is not running out of oil. It is merely discovering the right fuel is stranded in the wrong place, trapped behind a closed shipping lane. The present danger is not simply a shortage of crude; it is a shortage of the security and confidence required to turn crude...
From Hormuz to the Treasury market, oil is again setting the price of risk Markets have rediscovered an old and inconvenient truth: the price of money and the price of energy are seldom strangers for long. When oil rises persistently, inflation expectations follow; when inflation expectations rise, bondholders demand compensation;...
Wall Street’s capacity for selective hearing remains one of modern finance’s most reliable constants. Oil remains above $100 a barrel ($105 today). More than 10% of global oil production and export flow has now been disrupted or stranded by the widening Iran conflict and the continuing paralysis of the Strait...
*{Next Newsletter expected April 27th} Markets, which only days ago wore the expression of a clenched jaw, have relaxed. The announced two-week ceasefire between the United States and Iran, coupled with the conditional reopening of tanker traffic through the Strait of Hormuz, has shifted the narrative from scarcity to anticipation....
History occasionally compresses itself into geography. Religion, commerce and empires sometimes converge upon an inconveniently narrow place. Occasionally, a strip of water, such as the Strait of Hormuz in the Persian Gulf, becomes a fulcrum of the global economy. In ancient times it was spice traders and today this chokepoint...
In Washington, the President labors, with the characteristic futility of all chief executives, to persuade the public that prices are falling. This is a Sisyphean task. Affordability is the new buzzword that has triggered endless anti-Trump campaign speeches from the Left and a equally robust response from the Right asserting...
Play the January 15th interview with ExecSpec’s Kurt Kallaus and Cris Sheridan of Financial Sense Network ( www.financialsense.com/podcast ). Energy, Bitcoin, and Nuclear in Focus Interview summary: January 15, 2025 – Is the Trump trade back after a two-month consolidation? Cris Sheridan and Kurt Kallaus at ExecSpec.net discuss investment...
