The Loonie Hour Oil Prices Soar to Highest Levels Since 2008
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Apr 3, 2026 A wide-ranging conversation about surging oil and gas prices and their ripple effects on inflation, supply chains and travel. Debate over government cuts to development fees and whether taxpayers should shoulder developer losses. Analysis of energy choke points, shipping risks and military options. Discussion of market shifts toward recession fears and stress in private credit and bond markets.
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Energy Shock From Strait Of Hormuz Raises Global Costs
- Oil and natural gas price spikes from the Strait of Hormuz disruptions are feeding into global inflation and could push food and transport costs sharply higher.
- Rich Diaz and Keith Dicker warn energy supply interruptions will reverberate across aviation fuel, shipping, and commodity chains, pressuring Europe and Southeast Asia first.
Thirty Day Transit Lag Means Shortages Are Here
- A 30-day lag means disrupted Gulf shipments are now reaching importers and reserves are draining, raising the risk of prolonged shortages and price spikes.
- Rich Diaz explains the 28–30 day transit window and warns limited replacement flows leave little cushion for Asia and Europe.
Governments Urging Remote Work To Save Fuel
- Governments are quietly urging reduced travel and remote work to curb fuel demand, mirroring early COVID mobility measures in tone.
- Keith Dicker lists Vietnam, Philippines, South Korea and the EU asking public workers to work from home or limit driving as immediate examples.