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Subject
Quote from Video
Look at the current level of shortage. It's 20 million barrels per day. This is due to the closure of the straight of Hormuz.
“Look at the current level of shortage. It's 20 million barrels per day. This is due to the closure of the straight of Hormuz.”
Subject
Quote from Video
20% of the world's crude and 20% of the world's liqufied natural gas come out through the Gulf.
“20% of the world's crude and 20% of the world's liqufied natural gas come out through the Gulf.”
Subject
Quote from Video
And yes, unfortunately, you are going to see that metastasize at the pumps when you go pay for gas for your car, even if crude oil is not coming to you. This is going to cause global fuel prices to increase.
“And yes, unfortunately, you are going to see that metastasize at the pumps when you go pay for gas for your car, even if crude oil is not coming to you. This is going to cause global fuel prices to increase.”