Claims

The Middle East energy shock will stimulate new pipeline development from the Gulf, as key countries like Saudi Arabia and the UAE seek to reduce dependence on the Strait of Hormuz as their primary export route.

The US Gulf Coast refinery network was built to refine both heavy grades from Canada and Venezuela and convert them into diesel, gasoline, jet fuel, and chemicals; the shale revolution produced much lighter crude which the Gulf Coast refineries were not optimized to process.

Energy is life; absence of energy is death; this is a stone truth most people only appreciate during extended blackouts; West is unprepared for coming blackouts due to misaligned energy policy and grid fragility