Have a new miscellaneous thoughts and observations post up on Substack.
The strait of Hormuz remains open with oil reportedly flowing through at pre-war levels and the US has opened up all that oil from Venezuela but gas prices at the pump remain above $4 a gallon. Is this an example of producers just trying to see what people are willing to pay? As an oil producing nation once again under President Trump is this a net positive for the US economy? So many questions.
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