
Houston We Have a Problem (or Several!)
Alright folks Saul Goodman here your friendly neighborhood lawyer (and occasional energy market guru if you believe me!). Word on the street – or should I say in the oil fields – is that the big shots in the oil biz are having a collective conniption. Seems this little dust up between Israel and Iran is giving them more heartburn than a chili dog from Dog House. Apparently some of their precious oil and gas facilities are getting a little too close to the action. And you know what that means: no more sweet sweet money for them which is BAD for business. So naturally chaos ensues. 'Better Call Saul' has never been more relevant folks! I mean who else are these guys gonna call to clean up this mess?
The Strait of Hormuz: A Chokepoint More Dangerous Than a Bad Batch of Pimento Cheese
Now I'm no geography expert (sticking to lawyering has been messy enough) but even I know that the Strait of Hormuz is kind of a big deal. It's like the one tiny artery that feeds the world's oil addiction. And if Iran decides to slam that shut well let's just say your gas prices are gonna go higher than Walter White's ego after cooking a perfect batch of blue meth. And those oil execs? They will be more scared than a badger at a picnic. The Shell CEO Wael Sawan is 'particularly top of mind'? Translation: he is worried sick. I mean who wouldn't be?
Oil Prices: Going Up Like Jesse Pinkman's Anxiety Levels
Of course all this tension is doing wonders for oil prices. They're climbing faster than a greased pig at the state fair. Brent crude is up West Texas Intermediate is up. Up up up! It's like Christmas for the oil companies...well except for the little problem that their stuff might get blown up. I can imagine them singing 'My name is ASAC Schrader and you can go to hell!'
TotalEnergies CEO Patrick Pouyanné: More Worried Than a Chihuahua in a Hurricane
Then you got the CEO of TotalEnergies Patrick Pouyanné. He's mostly just worried about his employees. Sure security is always a concern but he's also thinking about those global markets right? He claims that he hopes that the further strikes will not concern oil installations because they could become a real problematic hit. Of course it is! I wouldn't want my stuff getting blown up and the markets panicking. So I get him. A true entrepreneur!
2025: The Year of Volatility (According to Some Guy)
Amjad Bseisu CEO of EnQuest bless his heart calls 2025 'the year of volatility.' Tell me something I don't know pal! Every day is like a roll of the dice in this business whether you're slinging oil or slinging legal advice. As for Iran closing the waterway he is skeptical. I bet a lot of them are. But don't get cocky!
So What's a Citizen to Do?
Well first things first: don't panic. Second maybe start thinking about investing in a bicycle. And third if things really go south remember who told you so. And who knows a lawyer that can take care of you...and your money! 'Better Call Saul!' Because when the oil hits the fan you'll need someone who knows how to navigate the mess. And remember folks I'm not just a lawyer I'm a *lawyer*.
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