What’s the over/under on how many days before they shut down the Suez canal? I say within six months.
Get ready for $10/gallon gasoline, if there’s any to be found.
I hope I’m right, but there is very little US oil that goes through Suez...maybe 7-10% and it’s for Europe, at least that’s what I remember from ‘the news’...lots of OTHER cargo goes to the Med and EU through the canal tho.
Shutting down or limiting Suez traffic will not be good no matter what.
IF this event, caliphate trickles into Saudi within the year THEN we’ll have a nasty time with oil. Hope Canada, Mex and Venezuela don’t all turn Izzie on us...
G