Professor Glenn A. Okun
The Rabid Capitalist: The Big Point is a brief summary of a detailed note available to paid subscribers.
It did not take long for the terrorism induced bottleneck at the Suez Canal to infect oil prices, which have risen more than two percent this morning. Today, BP announced that it would no longer ship energy through the Red Sea route. The Rabid Capitalist expects that other oil and gas producers will follow suit, driving oil and gas prices back toward the cyclical highs of 2023.
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