Menu
Sign In Search Podcasts Charts People & Topics Add Podcast API Blog Pricing

Pat

👤 Speaker
4569 total appearances

Appearances Over Time

Podcast Appearances

Valuetainment
“Oil Up 35% In DAYS” - Hormuz Crisis Sends Crude Prices EXPLODING Toward $100

Crude oil, if we can look up... West Texas Intermediate, 97.50, just under 100.

Valuetainment
“Oil Up 35% In DAYS” - Hormuz Crisis Sends Crude Prices EXPLODING Toward $100

Well, this is getting a little nervous on an international scale because this is taking time.

Valuetainment
“Oil Up 35% In DAYS” - Hormuz Crisis Sends Crude Prices EXPLODING Toward $100

And the longer time it takes, the longer the straits are closed, the more you're going to have supply issues.

Valuetainment
“Oil Up 35% In DAYS” - Hormuz Crisis Sends Crude Prices EXPLODING Toward $100

And supply issues drives price.

Valuetainment
“Oil Up 35% In DAYS” - Hormuz Crisis Sends Crude Prices EXPLODING Toward $100

And then fear drives price.

Valuetainment
“Oil Up 35% In DAYS” - Hormuz Crisis Sends Crude Prices EXPLODING Toward $100

Can we go ahead and talk about the island?

Valuetainment
“Oil Up 35% In DAYS” - Hormuz Crisis Sends Crude Prices EXPLODING Toward $100

Go for it, yes.

Valuetainment
“Oil Up 35% In DAYS” - Hormuz Crisis Sends Crude Prices EXPLODING Toward $100

Yeah, so Kaharag Island, if I'm pronouncing this correctly, there's a picture of it right there, and you can see the satellite picture there.

Valuetainment
“Oil Up 35% In DAYS” - Hormuz Crisis Sends Crude Prices EXPLODING Toward $100

Zoom in a bit, Rob.

Valuetainment
“Oil Up 35% In DAYS” - Hormuz Crisis Sends Crude Prices EXPLODING Toward $100

The only thing that's on this island is a little square.

Valuetainment
“Oil Up 35% In DAYS” - Hormuz Crisis Sends Crude Prices EXPLODING Toward $100

You see right on the edges there, the island, you see those lateral ports.

Valuetainment
“Oil Up 35% In DAYS” - Hormuz Crisis Sends Crude Prices EXPLODING Toward $100

That's where giant tankers fuel, and then look what's on the island.

Valuetainment
“Oil Up 35% In DAYS” - Hormuz Crisis Sends Crude Prices EXPLODING Toward $100

Tons and tons and tons of tanks, not military tanks, big round oil storage tanks.

Valuetainment
“Oil Up 35% In DAYS” - Hormuz Crisis Sends Crude Prices EXPLODING Toward $100

This island has got tremendous pipelines that go under the sea, and it is the island that refuels, get this, as Pat said at the beginning, 90% of the exports from Iran go on that island.

Valuetainment
“Oil Up 35% In DAYS” - Hormuz Crisis Sends Crude Prices EXPLODING Toward $100

If you were to hit this island and disable it, you will absolutely...

Valuetainment
“Oil Up 35% In DAYS” - Hormuz Crisis Sends Crude Prices EXPLODING Toward $100

disable Iran's export capabilities, number one, but number two, you're gonna cause world oil prices to go up.

Valuetainment
“Oil Up 35% In DAYS” - Hormuz Crisis Sends Crude Prices EXPLODING Toward $100

Now, some speculators in the US aren't upset by this, Pat.

Valuetainment
“Oil Up 35% In DAYS” - Hormuz Crisis Sends Crude Prices EXPLODING Toward $100

They look at it this way, in the oil industry,

Valuetainment
“Oil Up 35% In DAYS” - Hormuz Crisis Sends Crude Prices EXPLODING Toward $100

Vinny, if you and I were drilling oil in Permian Basin, West Texas Intermediate, now we're selling oil at $100.

Valuetainment
“Oil Up 35% In DAYS” - Hormuz Crisis Sends Crude Prices EXPLODING Toward $100

A couple weeks ago, we were selling it at $68.50.

← Previous Page 1 of 229 Next →