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How we think, out loud, over the years.
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One Narrow Strip of Water and Your Gas Tank
There's a stretch of water on the other side of the world, barely 20 miles wide, that reaches into your wallet faster than anything Washington does. It's called the Strait of Hormuz, and a fifth of the planet's oil moves through it. One rumor, one drone, one tanker out of place, and the price at your pump jumps overnight. You felt it this summer, and you'll feel it again.
2 min readThursday at the Table - The Cornered Animal: Why Gas Won’t Come Down
I was with Jake the other day while he filled up his car, and we got to talking about something you’ve probably noticed yourself. I thought this was supposed to be getting better. You hear the news, oil’s flowing again, maybe a deal coming, and then the tank fills up and it’s the same sting it’s been. It doesn’t add up, and you’re not wrong to feel that way. So let me tell you what I’ve come to understand about it, because it’s not what the headlines would have you think.
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