Oil at $100? Fine. Just…Fine.

Twenty percent of the world’s energy goes through the Strait of Hormuz. Twenty percent! That’s a lot of tankers, a lot of potential problems, and a lot of people making decisions I wouldn’t trust to pick out a decent bagel. If that closes, Asia’s going to be scrambling, and Europe…Europe is going to be really scrambling. They’ll start bidding up prices, and then suddenly everyone’s paying more. It’s basic economics. It’s infuriating that this is even a discussion. And Norway? Norway is just sitting there, smugly pumping out natural gas. Equinor, specifically. They’re the biggest supplier to Europe. It’s not that I like Norway, it’s just…they’re positioned well. Thanks, Russia. You’ve created a whole new set of problems. And now I have to analyze energy stocks. It’s a cascade of annoyance, I tell you.








