Robbie Orvis

Also “we” don’t make money because we don’t have nationalized oil companies. The oil companies are the ones who benefit, along with their shareholders.

Great time to have a global fertilizer shortage…

As a point of comparison, the US spent $21 billion in FY 2022 to feed billions of breakfasts and lunches to kids in schools across our whole country for an entire year under the universal school meals program that was later discontinued.

We are living in the DUMBEST timeline. Good god.

Has anyone done the math on how many days of this war the DOGE cuts paid for? Is it more than a couple?

Three more vessels hit by projectiles in Strait of Hormuz, showing merchant ships remain in firing line Three more vessels have been hit ​by unknown projectiles in the Strait of Hormuz, maritime security and risk firms said on Wednesday, bringing the number of ships ‌struck in the region since the Iran ...

55/ US Military problem is to suppress Iran's fire.
How thats going:
"3 more vessels have been hit ​by unknown projectiles in the Strait of Hormuz, maritime security firms said on Wednesday, bringing the number of ships ‌struck in the region...to at least 14…."
www.reuters.com/world/cargo-...

Queues, Price Hikes and Shortages as Asia Battles Fuel Crunch From Thai farmers racing for diesel to Indian refinery executives monitoring the Persian Gulf through the night, energy buyers across import-dependent Asia are feeling the impact of a dramatic crunch.

54/ This is a far bigger fuel, fertilizer, food crisis for Asia and Europe than it is for the US.

The weakest people will suffer the most. Again, just as after Ukraine.

"Pakistan gets 99% of its LNG from Qatar. Fertilizer plants are shutting across the country because they can’t get feedgas

This is the largest oil supply shock in history in mb/d
The enemy gets a vote. Iran is now delivering pain to Trump via multiple paths
(1) Gulf Kings
(2) Financial meltdown
(3) AI tech oligarchs
(4) Fuel, fertilizer, food disruptions
Read our Polycrisis Dispatch:
buttondown.com/polycrisisdi...

Another example of the limited ability to blunt massive shifts in global oil markets.

We just got the largest-ever coordinated strategic petroleum reserve release from IEA member countries, 400 million barrels.

Oil market reaction: 🤷🏻‍♂️

Bingo.

Just to be super clear - this was eminently predictable from what is happening. There is no silver bullet policy action that the government can take today to mitigate this. This is what happens with commodities traded in global markets, despite what our leaders may otherwise be telling us.

WTI crude oil now UP 25% tonight...
$114.39/bbl

It’s just wild. I can’t tell they believe or are just knowingly bullshitting. But I have hunches…

Ah yes I remember the dust bowl as the best years for America’s farming sector 🙄

Everything the US moves around needs diesel fuel to power the trucks, trains, & boats: food, goods, crops, commodities, everything. Oil products powers ~90% of US transport. It's why we should electrify transport as a national security imperative: to reduce the risk of price shocks to the economy.

… to the surprise of no one who has studied energy markets, despite what you’ll hear from our government.

Ah but Chris Wright gives us his word everything will be fine 🙄

The U.S. labor market lost 92,000 jobs in February In February the labor market lost 92,000 jobs, and economists are monitoring for signs that the labor market could be on the rebound.

7 countries bombed this year, rising inflation and energy prices, now a a contracting labor market - this is the legacy of the current administration.

The U.S. labor market lost 92,000 jobs in February

www.washingtonpost.com/business/202...

Ah yes the response voters want to hear on affordability.

U.S. Gas Prices Continue to Rise

U.S. Gas Prices Continue to Rise www.nytimes.com/2026/03/04/b...

Anything better than what they did

Indeed the timing of this unnecessary rollback is truly astounding.

Thanks - helpful. Will dig into your research.

Curious for takes on this. I heard anecdotally the infrastructure challenges have been a nightmare and are causing severe blowback but I don’t know if that’s more than one person’s opinion.

Europe/UK energy prices gone up +50% so far this morning

I wrote this reply and had to redo it as prices went up by another 5% while I was typing

Once again, in actual democracies, people do not need to engage in permanent litigation & political mobilization to retain the basic right to vote, because none of the major political parties make restricting suffrage the central pillar of their policy platform. We also don't have to live like this.

Wow.

Wild! Would love to see the capacity factors on those haha.

T. Rowe Among 250 Signatories to Resurrected Net Zero Alliance A net zero alliance for asset managers has resurrected itself after shelving its work last year amid a wave of US defections.

A net zero alliance for asset managers has resurrected itself after shelving its work last year amid a wave of US defections.