The World and Everything In It 3.16.26 Supreme Court on where a case should be heard, shipping fears in the Strait of Hormuz, and the dangerous first space walk
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Mar 16, 2026 David Bonson, financial analyst and CIO of The Bonson Group, discusses markets, oil, and investor rotation. He explains how shipping fears in the Strait of Hormuz ripple through energy prices. He also talks about the shift from speculative tech into energy, utilities, and consumer staples, and how tariffs and weak capital spending are weighing on growth.
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Federal Removal Could Reshape Coastal Claims
- The Supreme Court is weighing when state-law environmental suits belong in federal court under the Federal Officer Removal Statute.
- Chevron argues wartime refinery contracts tie upstream drilling to federal action, while Plaquemines Parish says the contracts concerned refining, not extraction.
How Far 'Related To' Can Stretch
- The Court must define how far 'related to' reaches in removal law to avoid a sweeping federal takeover of state cases.
- Chief Justice Roberts warned the test could become a 'butterfly effect' reaching many upstream corporate steps.
Equitable Tolling Could Save Late Removals
- Missing a 30-day removal deadline may not be fatal if equitable tolling applies when federal issues emerge later.
- Enbridge argues it waited for a clarifying cross-border decision before removing Michigan's Line 5 case two years late.