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The price that you pay at the pump joining me now Oppenheimer and company's.
Bottle date bottled thank you so much for joining us so what the Iranians did follow through on their threat to close the strait what is your bad I'm what what -- the price of oil that instead.
Well the air -- strong I bet big can actually do it dancers know they'll probably and if you would be very remote video.
Basically if we have bad any military action -- this part of the world.
What -- -- record ore prices were has been sharply.
But this is going to be greater short live because supply demand fundamentals still medical crisis should be close to eight.
Well -- let's flesh got a couple things that you said Barry Eaton when I was talking to the commanding officer as well -- everybody out there in the straight.
You know they had different answers as to how long they thought the arabians would be able to shut down that little thirteen mile route their administrative or ms.
I think they would be able to do -- for some short period of time but the conflict as you know.
Would roil oil markets I mean traders just need the smallest excuse to bid up the prices the oil you know that.
I am but I -- end of the day they can probably.
-- some background noise is.
For some hours -- some days or weeks or months.
And this is it -- a business and had any action would be taken.
Would be very harsh I -- if you try they would add yes group would be -- troubled.
Yeah the general accounting office says that they think it closure would cause oil prices increased 275 dollars a barrel you think that's way too high.
The scenario or you four years ago everybody was talking about the -- whom walked a 200 dollar and the rainbow warrior who are -- so it does.
But -- -- -- probability and the higher crude prices go.
The more overstayed their client will follow our MB resource to be nervous or before it's not sustainable at current levels learning more about -- -- producers want.
At this same time.
You know we have seen the saudis have been working -- -- east west pipeline because at the very least they are annoyed and discomfort -- by the idea of the arabians threatening to close this straight.
How big of -- difference would that make how serious are they do you think about moving oil around some different route.
Everybody -- try to put -- not all their eggs in one basket the saudis have had for many -- Pipelines through India Iraq obviously don't do work too well.
But at the end of the day the streets of -- -- I differ.
Global -- way and very unlikely that anyone comes she would be able to do -- Or leave the US would be able to market the -- -- vulnerable we're moves Monday -- not anybody in this neighborhood.
Yet and -- -- bring up that point because that is one of the theories that I've heard floating out there is that one of the reasons why we're out in the strait of arm is.
Is just in case we wanted to blockade the Iranians -- You know the nuclear tensions rose I mean -- USS enterprise the ship that I was on.
Was parked off Cuba during the Cuban missile crisis.
Exactly what's gonna happen so there's -- before.
When push comes to who two Schwab they would lose and they would -- a lot more than anybody else.
Again the word does not need their oil but -- need dollar revenue more desperately than the rest of the work you -- your own life.
So here we are in this straight patrolling.
It is not just oil that goes -- here even though we see 20% of the world's oil travels through the -- there is a ton of commerce in cargo.
That goes through there -- I sought how important you think it is that our military.
Is there in the street making sure that it's open.
Is very important I knew the spot the door they're probably have 50% of the fourth comes through this walk away so.
Watch him go away this is the other blue Obama situation has not lesion -- if -- country houses some.
You know -- have several -- some of our country.
Into the global business the Russian profession -- is that not everybody else and here is their best interest to have -- corporate.
And it sequestration are automatic cuts impacted our forces in this area obviously that would be huge problem.
I very unlikely -- -- this is part of the work that we -- knowledgeably to abdicated.
This is could be critical part for us national security depends on this part of the world to be -- them -- -- -- if there's absolutely essential.
Yeah it is essential aren't bottle will leave it on that note thank you so much for joining us when you.
So what can Democrats to.
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