The David Pakman Show The economic meltdown is gaining momentum
Mar 20, 2026
Missile strikes on Qatar’s Ras Laffan spark a looming global energy shock and possible long-term fuel and food price hikes. Congressional grilling exposes turmoil over firings of Iran counterintelligence staff. Political realignment brews as donors test alternatives and some longtime supporters publicly turn away. Rising diesel and fertilizer costs threaten farmers and could reshape the political landscape.
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Ras Laffan Strike Threatens Years Of Energy Pain
- Global energy risk rose dramatically after Iran struck Qatar's Ras Laffan, which supplies about 20% of the world's LNG.
- David Pakman warns this single strike can trigger months to years of higher gas, electricity, and food prices worldwide.
Plan For Prolonged Energy Disruptions Not Quick Fixes
- Track global supply disruptions and prepare for months-long energy ripple effects rather than assuming a quick market correction.
- Pakman urges policymakers to anticipate competing bids for LNG from Europe and Asia and plan for supply-driven price spikes.
Price Shock Scenarios Could Mirror 1970s Shortages
- Major oil price scenarios could imply gasoline in the U.S. rising to $7–$12 per gallon if barrels hit $175–$225.
- Pakman links such price shocks to 1970s-style shortages and sustained economic ripple effects.