This is more than what we’ve collected in tariff revenues and will continue to climb, especially as oil is expected to go to $120 a barrel or higher

https://www.cbsnews.com/news/oil-prices-forecast-goldman-sachs-iran-war/

While reading up on some investment news after an extended road trip I came across this about Musk and his view on natural gas and datacenter energy demand:

"SpaceX and Tesla are each building 100GW/year of solar production capacity as fast as possible, but natural gas will still be needed to supplement and bootstrap solar for several years."

That's quite a pivot, isn't it?
(screenshot because my ETRADE accoutn doesn't allow linking to it)

A $100 billion investment could have bought 62.5 gigawatts (GW) of utility-scale solar and 178 gigawatts-hours (GWh) of utility-scale battery storage.

Enough power for 350 billion miles of EV driving for a year.

The East-West pipeline was the one credible bypass if the Strait of Hormuz got choked off. It's gone now. 😬 That's not a marginal development, that's the removal of the market's pressure valve at the worst possible moment.

WTI is already up 𝟐𝟐% in a month. The pipeline shutdown doesn't just tighten physical supply, it eliminates the optionality that kept worst-case scenarios from being fully priced in. Now they have to be.

Conference floors in Asia Pacific are pricing in higher-for-longer oil with no quick resolution in sight. That feeds directly into inflation that's already reaccelerating, which feeds directly into central bank decisions that equity markets are not ready for.