Why Hormuz Matters
Geopolitical Cousins
Owners' Economics and Tanker Market Dynamics
Ed describes record spot rates, limited tanker supply, and why owners demand big premiums to transit risk zones.
We brought in Ed Richardson - tanker maven, shipping expert, and one of the sharpest minds on how the world actually moves its oil. With the Strait of Hormuz effectively shut, we break down why insurance isn't really the problem, what Red Sea Part Two looks like, why India might be the most exposed economy on the planet, and whether this is finally the moment the world starts building around the Middle East rather than through it.
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Timestamps:
(01:02) - Meet Ed Richardson
(01:26) - Why Hormuz Matters
(02:47) - Shipping Crisis Era
(06:36) - Asia Demand Explained
(08:18) - Flows Stop Prices Spike
(11:24) - Insurance Myth GPS Spoofing
(16:11) - Risk Premium Tanker Boom
(21:21) - Can US Build Tankers
(23:16) - How To Reopen Confidence
(27:08) - Red Sea Part Two
(30:48) - Rethinking Energy Routes
(35:11) - Oil Types, Geology Limits
(37:27) - Where To Follow Ed
(38:41) - Closing Thanks
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Referenced in the Show:
Ed's Substack: https://edfin.substack.com/
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Geopolitical Cousins is produced and edited by Audiographies LLC. More information at audiographies.com
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Jacob Shapiro is a speaker, consultant, author, and researcher covering global politics and affairs, economics, markets, technology, history, and culture. He speaks to audiences of all sizes around the world, helps global multinationals make strategic decisions about political risks and opportunities, and works directly with investors to grow and protect their assets in today’s volatile global environment. His insights help audiences across industries like finance, agriculture, and energy make sense of the world.
Jacob Shapiro Site: jacobshapiro.com
Jacob Shapiro LinkedIn: linkedin.com/in/jacob-l-s-a9337416
Jacob Twitter: x.com/JacobShap
Jacob Shapiro Substack: jashap.substack.com/subscribe
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Marko Papic is a macro and geopolitical expert at BCA Research, a global investment research firm. He provides in-depth analysis that combines geopolitics and markets in a framework called GeoMacro. He is also the author of Geopolitical Alpha: An Investment Framework for Predicting the Future.
Marko’s Book & Newsletter: www.geopoliticalalpha.com/marko-papic
Marko’s Linkedin: https://www.linkedin.com/in/marko-papic-geopolitics/
Marko’s Twitter: https://x.com/Geo_papic
Marko’s Macro & Geopolitical Research at BCA: https://www.bcaresearch.com/marketing/geomacro
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