Iran has closed the Strait of Hormuz, and gas prices are on the rise. Fossil fuels power every aspect of modern life, from transportation to manufacturing to food. If something doesn’t change fast, we could be facing an inflation crisis once again. I’m breaking down how climate extremism, price controls, and the Middle East’s “resource curse” have created the perfect storm for worldwide economic mayhem.
As gas surpasses $8 per gallon in some parts of California, you’d think Gavin Newsom might rethink his climate and energy policies, but with only eight oil refineries left in the state, the damage is done. Texas, on the other hand, has a much stronger local infrastructure to weather the storm. In the end, our choices are gambling on a utopian fantasy or embracing the reality of physics.
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Check my sources over on Substack: https://open.substack.com/pub/dadsavesamerica/p/8-gas-oil-cut-off-has-trumps-iran?r=24ayxm&utm_campaign=post&utm_medium=web&showWelcomeOnShare=true
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