Fractured

 This, from my buddy Termite, who is in the oil industry and (unless I am mistaken) is currently riding an oil rig somewhere in the Gulf.

WTI crude is $95, Louisiana light crude is $98. Western Canadian is $89. Mexican Basket is $92. Meanwhile, Brent is $108, Dubai is $135, DME Oman is $153. https://x.com/zerohedge/status/2034035587464761706/photo/1 This article is very interesting. https://gcaptain.com/the-hormuz-hypothesis-what-if-the-u-s-navy-isnt-in-a-hurry-to-reopen-the-strait/

Yeah, if you follow the links, you will learn that the Strait of Hormuz is a vital lifeline in the global oil market.  When you have a rogue, terroristic regime causing havoc with global shipping, it makes sense that prices are going to fluctuate wildly. 

Many of you don't remember the oil crunch of the late 1970s.  We here in the US had high prices, rationing, gas lines, and severe shortages.  That was Iran, too.  At that time the United States was not energy independent.  We actually relied on Mid East oil for our daily driving.

It could be a whole lot worse, but if we get the Iran problam solved, it could get a lot better.