RBN Energy Founder Rusty Braziel goes one-on-one with Jim Cramer
CNBC Television·2025-06-24 00:10

Oil Market Dynamics - Initial market panic and oil price surge followed the US action against Iranian nuclear facilities, but prices plummeted after Iran's retaliation, suggesting the worst might be over [1] - Iran's potential closure of the Straits of Hormuz is unlikely due to its own 17 million barrels per day of exports passing through it [1] - Market's conclusion that the conflict won't be as problematic as initially feared contributed to the $5 drop in crude oil prices [1] - Oil futures market reactions to news events can be unrealistic, with prices often dropping after events due to market pricing in uncertainty [1] - Oil prices returned to pre-attack levels, indicating a short-lived impact from recent events [5] US Energy Exports - US crude oil production is near its peak at 135 million barrels per day and is expected to remain flat for the foreseeable future [1] - Ethane is being used as a bargaining chip in the US-China rare earth minerals debate [1] - The US exports about 05 million barrels per day of ethane, with half going to China, but current exports are prohibited by the Department of Commerce [1] - Weaponizing ethane is causing global customers to view US energy exports as untrustworthy [2][3]