00:00What happens to just say Indian fuel supplies, obviously it affects Filipino supplies, Indonesia supplies, if Iran is bombed into
00:09the Stone Age and energy in West Asia is ablaze?
00:14Of course, the whole world will suffer and I have to break the news to Donald Trump as well.
00:20The United States will suffer as well. If you disrupt, in fact, of course, crush a significant part of the
00:29world energy supply, you will get a global economic contraction and a major crisis across the world.
00:38Because as everyone's learning in a crash course on basic energy economics, it's not only oil for the gas tank,
00:48it's oil for fertilizer, for food production, for industrial petrochemicals, for an entire global supply chain that is deeply hurt
01:00by what is happening.
01:01And if Donald Trump carries out what he said he would carry out of attempting to bomb Iran to the
01:10Stone Age and Iran retaliates, as most military experts and most of us expected to do, the catastrophe will be
01:24enormous in just a few weeks.
01:27What Donald Trump gets wrong, and he gets wrong, but one thing that he really gets wrong is the idea
01:35that because it's a, quote, short war, it's nothing important.
01:40In his speech, he compared the length of various wars, but in just a few weeks, the world's energy supplies
01:49could be catastrophically collapsed, actually.
01:55Not only the Strait of Hormuz, which is where the attention is now, but on the physical production from the
02:02oil and gas fields across the Middle East.
02:05And these are not protected heavily by anti-missile defenses.
02:12These are out in the open, the gas fields, the oil fields, the pipelines, the port facilities, the refineries.
02:23And they're already being badly hit by both sides.
02:30And if Trump carries through, it's likely that the destruction will multiply enormously in just a very short period of
02:40time.
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