A World On the Precipice: The Last Oil Tanker From the Strait of Hormuz has Arrived – Now What? with Art Berman

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The last pre-war shipments of oil products from the Strait of Hormuz have arrived at their destinations as of early May, meaning the promise of an energy crisis as a result of the Iran war is fast approaching. Leading experts are now forecasting energy disruptions ranging from rationing to severe shortages in import-dependent economies, with roughly 11% of global oil supply already offline. This leaves us with the question: even if this war were to end today, what sort of system-wide effects are locked in given the current loss in production, and what will be required of us to cope with the fallout? In this episode, Nate welcomes back petroleum geologist Art Berman to break down the…