๐ง๐ฒ๐ป ๐๐ต๐ถ๐ป๐ด๐ ๐ด๐ถ๐๐ฒ๐ ๐ฐ๐ฟ๐ฒ๐ฑ๐ถ๐ ๐๐ผ ๐๐ฒ๐ผ๐ฟ๐ด๐ฒ ๐๐๐ฐ๐ฎ๐ ๐๐ต๐ถ๐ ๐๐ฒ๐ฒ๐ธ. ๐ง๐ต๐ฒ ๐บ๐ฎ๐ป ๐๐ป๐ฑ๐ฒ๐ฟ๐๐๐ผ๐ผ๐ฑ ๐๐ต๐ฒ ๐ถ๐บ๐ฝ๐ผ๐ฟ๐๐ฎ๐ป๐ฐ๐ฒ ๐ผ๐ณ ๐๐ฟ๐ฎ๐ฑ๐ฒ ๐ฏ๐น๐ผ๐ฐ๐ธ๐ฎ๐ฑ๐ฒ๐ ๐ฎ๐น๐น ๐ฎ๐น๐ผ๐ป๐ด.
There's lots of analysis out there about how to make sense of the implications on energy markets. (If you're looking for one great read, I'd suggest Michael Liebreich's recent work.)
What's sitting with me is just how quickly domestic support might evaporate for this directionless military boondoggle. Looking at data from the UK, mainstream parties are entirely disconnected from (and unpopular with) those living at the poverty line.
If energy prices spike - and remain high - how will populists (i.e. Trump) explain that to their base? No amount of rallies will smooth over the impacts on people's pocket books.
If I had to make a prediction: sometime soon, domestic politics in the USA will create a rift between the foreign policy objectives of Israel and America.
A deeply unpopular decision.
Putting Hormuz in perspective.
Putting Hormuz in perspective, continued.
US GDP growth has outpaced gasoline consumption. Higher prices wonโt sting as much.
The mainstream is disconnected from those struggling.
An interesting wrinkle in the AI/workforce dynamic.
Chinaโs position here surprised me.
Per capita, Canadians are quickly moving away from alcohol.
But theyโre spending more on weed.
