“…We have reached an unprecedented moment in human history. If this war with Iran continues for an extended period of time, we will be facing the greatest energy disruption in human history and the greatest food production disruption in human history simultaneously. Many were hoping that Iran would agree to the Trump administration’s proposal for a 30 day ceasefire, but it was obvious that was never going to happen. The Iranians have completely rejected Trump’s 15 point plan, and they are demanding that the U.S. must agree to permanent Iranian sovereignty over the Strait of Hormuz before any negotiations even begin. Needless to say, the U.S. will never agree to that, and so the war will rage on.
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Iran is literally trying to paralyze the entire global economy in order to gain as much leverage as possible.
One energy industry economist is openly admitting that we have never “seen anything like this”…
“We’ve not seen anything like this — there’s been no disruption of this scale in the past,” Gareth Ramsay, chief economist at oil and gas giant BP, told the conference. “It’s every oil analyst’s study piece or worst nightmare — one that we never thought would happen.”He is right.
This is unprecedented…”
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