RT AlexZwitter (@AlexZwitter2)Iran’s Persian Gulf “toll” adds ~2.4¢ per gallonThat’s ~4% of what USA gang’s writ large steal per gallon - 55.8¢. The USA gang’s writ ‘tax” >23 times the “toll”:Iran’s Persian Gulf “toll” adds ~2.4¢ per gallon to all products produce from crude oil, including road vehicle fuels:Iran has been asking up to ~$2M per vessel (reports vary & the fee depends on ship type, cargo & conditions)A typical Very Large Crude Carrier (VLCC) carries ~2M barrels of oil. $2M Toll for a VLCC = $1 ...

Hormuz isn't an oil shock. It's an inflationary input layer reset for the global manufacturing economy.Oil moves first, in days. Diesel in weeks. Fertilizer in weeks to months. Food soon after.The market is pricing wave one. The other three are already locked in. https://t.co/HJFMeARh4n ...

When do storage tanks run empty. Parts of the world like Australia, Philippines, Thailand you are. But the question is when and where.You know, I still say that with you. You know, it's going to be, you know, sometime the month of May that you're going to end up with Europe hitting tank bottoms. And in the US it's somewhere in that July 4th time period, if not sooner.By the way, the inventories number coming out of the US, the ones we got last night, the ones last week, I've never seen anything like that be ...