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The week's question
In December 2024, in the thread "Re: BRK: Why Not XOM?", BreckHutHigh asked the members: "What about the long road trips with kids?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
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Author: Steve203 ⎊❂🐝 HONORARY
SHREWD   😊 😞
Number: of 84361 
Subject: Re: Strait closed to infinity
Date: 05/07/26 10:24 AM
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I‘d look out for the situation becoming untenable at home - prices at the pump? Stocks? Bonds? - and the regime’s objectives may change on a dime. We‘ll see.

From the CEO of Chevron:

What Chevron’s CEO said about gas shortages

“We will start to see physical shortages,” Wirth said, noting that surplus supply in commercial markets, tankers in so-called shadow fleets avoiding sanctions, and national strategic reserves were all being absorbed,

“Demand needs to move to meet supply,” he said. “Economies are going to have to slow.”

Wirth was specific about the sequence. Asia is the most exposed region because it is most heavily dependent on Middle Eastern oil and gas. Japan, for example, sources approximately 95% of its oil imports from the region,

Europe is expected to feel the impact next. Asia was already responding: Japan received its first crude shipment from Russia’s Sakhalin Island in two years just this week as importers scramble for alternative supply.

The United States, as a net exporter of crude, is less exposed than Asia or Europe. But Wirth was clear that no economy is immune. He pointed to a specific data point to illustrate how close the disruption is to U.S. end markets: The last scheduled Gulf shipment was being offloaded at the Port of Long Beach, which supplies Los Angeles and Southern California, according to Reuters.

thestreet.com - Chevron CEO sends blunt message on oil and the economy

The Beeb has been reporting shortages in the Philippines for weeks. Spot issues with supply in Australia. I heard an analyst, a few days ago, say it will get real for the US in two or three months. Meanwhile USian financial markets continue to move on what comes out of Trump's pie-hole.

Steve
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This community has written 84,309 posts about US Policy. The article-length ones it recommended most:
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