REDUCE OIL

“The core of the Hyperliquid competitive edge lies in its choice to pursue total vertical integration within the ecosystem.”

“What the President achieved over the last week? I actually think he's achieved something. So Iran showed that it has control over the Strait of Hormuz. Yeah. That's actually very important and a major loss to the United States. When someone reveals a weakness that you had, that's as bad as them creating a weakness. And so if eight weeks ago, Iran didn't understand itself to have leverage, it had never had the opportunity to test it. Today it does.”

“Another way of saying that is we've lost the ability to contract over time. There is no NAFTA. There literally can't be a NAFTA. If I were to say, Ed, I'm going to marry you, which would be beautiful. But I just didn't come home on Tuesday, and then I came back a week later, and then I didn't come home on Thursday. And I didn't cook dinner for you on Friday. Are we married?”

“Market analysts are increasingly aligned on the projection that Bitcoin will see its major cycle lows in the latter half of 2026.”

“And natural gas, we're really disconnected. I mean, the price of natural gas in Europe and Asia went to 15 or $20 per million BTU. In The US, it's below 3, and it's falling. So I was con I was interested in that because we've been reading these stories about how Israeli prime minister Benjamin Netanyahu went to Washington to try to encourage the Trump administration to take this military action.”

“The US Iran ceasefire expires tomorrow and tensions are mounting. Both countries' delegations are headed to Pakistan to engage in talks ahead of the deadline. President Trump said it's quote, highly unlikely that the ceasefire would be extended if a deal was not reached before Wednesday. He also said the US would continue to blockade the Strait of Hormuz until a deal is signed.”

“An oil shock is less harmful if oil is less a share of your economy. And so the most durable thing you can do for energy security is just to use less in the first place, and there's a lot of low hanging fruit that we often forget to pick up off the ground when it comes to energy efficiency.”

“And natural gas, we're really disconnected. I mean, the price of natural gas in Europe and Asia went to 15 or $20 per million BTU. In The US, it's below 3, and it's falling. So I was con I was interested in that because we've been reading these stories about how Israeli prime minister Benjamin Netanyahu went to Washington to try to encourage the Trump administration to take this military action.”

“It's obviously different when you're talking about a supply chain. If China were to cut off the exports of solar panels, that would not affect the ability to turn the lights on today at all. It might affect your ability to deploy new technologies, and install new solar panels, but that's a much different, impact. We're not importing electricity from China. We're importing a manufactured product that makes electricity.”

“I think the point we were making in the article was a shock like this, particularly in a new world of fragmentation, geopolitical conflict, the, eroding world order that Mark Carney spoke so eloquently about at this year's meeting in Davos. In a world like that, countries don't view interconnection as security. They view it as a risk, and it's gonna lead to a, an impulse in a in a lure of autarky. Let's make everything at home.”

“Most of the things you would wanna do to deal with an oil shock don't help with this oil shock. They help with the next oil shock. And when the immediate crisis fades, the political urgency to do something for the next one tends to fade as well.”

“The US Iran ceasefire expires tomorrow and tensions are mounting. Both countries' delegations are headed to Pakistan to engage in talks ahead of the deadline. President Trump said it's quote, highly unlikely that the ceasefire would be extended if a deal was not reached before Wednesday. He also said the US would continue to blockade the Strait of Hormuz until a deal is signed.”

“Ongoing conflict involving Iran has introduced a level of volatility in oil prices that we haven't seen in several quarters.”

“By offering price-stable returns, the STRC protocol effectively bridges the yield gap that has plagued decentralized finance.”

“What the President achieved over the last week? I actually think he's achieved something. So Iran showed that it has control over the Strait of Hormuz. Yeah. That's actually very important and a major loss to the United States. When someone reveals a weakness that you had, that's as bad as them creating a weakness. And so if eight weeks ago, Iran didn't understand itself to have leverage, it had never had the opportunity to test it. Today it does.”

“It's obviously different when you're talking about a supply chain. If China were to cut off the exports of solar panels, that would not affect the ability to turn the lights on today at all. It might affect your ability to deploy new technologies, and install new solar panels, but that's a much different, impact. We're not importing electricity from China. We're importing a manufactured product that makes electricity.”

“The administration has proposed a $1.5 trillion defense budget for 2027, which makes me think, okay, this is all noise, this is all nonsense. Gas prices are continued to be elevated. I think there are more than 30 percent since the war began. It seems as though this is only going to continue. At least that's my sense, but maybe I'm being pessimistic.”

“An oil shock is less harmful if oil is less a share of your economy. And so the most durable thing you can do for energy security is just to use less in the first place, and there's a lot of low hanging fruit that we often forget to pick up off the ground when it comes to energy efficiency.”

“The administration has proposed a $1.5 trillion defense budget for 2027, which makes me think, okay, this is all noise, this is all nonsense. Gas prices are continued to be elevated. I think there are more than 30 percent since the war began. It seems as though this is only going to continue. At least that's my sense, but maybe I'm being pessimistic.”

“But if you picture the same data, not from zero to a 100%, but just total amount of energy, which is what the world cares about and what the planet cares about from a carbon emission standpoint, we've never used less of anything. The shares are changing, but we're using more wood today for energy than we did in 1850. And when you take a population of billions of people and you grow that population and you grow GDP, what we have seen to date is an energy addition where clean energy and you see these headlines all the time about it's breaking every record you can imagine, which it is.”

“Right now in the in The Middle East, the most important piece of oil infrastructure in the world today is the East West pipeline. It's a pipeline that goes from the Persian Gulf to the Red Sea that bypassed the Strait Of Hormuz. Usually, that pipeline is not used. It was built for an emergency like this, and Saudi Arabia was willing to pay that premium for insurance. Energy security, it's a question of how much society is willing to pay for insurance through that kind of resilience redundancy in infrastructure.”

“I think the point we were making in the article was a shock like this, particularly in a new world of fragmentation, geopolitical conflict, the, eroding world order that Mark Carney spoke so eloquently about at this year's meeting in Davos. In a world like that, countries don't view interconnection as security. They view it as a risk, and it's gonna lead to a, an impulse in a in a lure of autarky. Let's make everything at home.”

“This is the largest oil supply disruption the world has ever seen, somewhere on the order of 13 to 15,000,000 barrels a day of supply that otherwise would transit the Strait Of Hormuz offline. There are some measures to compensate for that, like strategic stocks, but there's no policy tool in the policy toolkit large enough to deal with a shock that large. You're talking about 10 to 15 of global energy demand, oil supply. The Arab oil embargo was 7% by comparison.”

“This is the largest oil supply disruption the world has ever seen, somewhere on the order of 13 to 15,000,000 barrels a day of supply that otherwise would transit the Strait Of Hormuz offline. There are some measures to compensate for that, like strategic stocks, but there's no policy tool in the policy toolkit large enough to deal with a shock that large. You're talking about 10 to 15 of global energy demand, oil supply. The Arab oil embargo was 7% by comparison.”

“Most of the things you would wanna do to deal with an oil shock don't help with this oil shock. They help with the next oil shock. And when the immediate crisis fades, the political urgency to do something for the next one tends to fade as well.”

“Another way of saying that is we've lost the ability to contract over time. There is no NAFTA. There literally can't be a NAFTA. If I were to say, Ed, I'm going to marry you, which would be beautiful. But I just didn't come home on Tuesday, and then I came back a week later, and then I didn't come home on Thursday. And I didn't cook dinner for you on Friday. Are we married?”

“The traditional per-seat licensing model for SaaS companies is facing an existential crisis as budgets tighten and AI scales.”

“Right now in the in The Middle East, the most important piece of oil infrastructure in the world today is the East West pipeline. It's a pipeline that goes from the Persian Gulf to the Red Sea that bypassed the Strait Of Hormuz. Usually, that pipeline is not used. It was built for an emergency like this, and Saudi Arabia was willing to pay that premium for insurance. Energy security, it's a question of how much society is willing to pay for insurance through that kind of resilience redundancy in infrastructure.”

“But if you picture the same data, not from zero to a 100%, but just total amount of energy, which is what the world cares about and what the planet cares about from a carbon emission standpoint, we've never used less of anything. The shares are changing, but we're using more wood today for energy than we did in 1850. And when you take a population of billions of people and you grow that population and you grow GDP, what we have seen to date is an energy addition where clean energy and you see these headlines all the time about it's breaking every record you can imagine, which it is.”

“What if we learn that this world is wildly interdependent? More so than most of us appreciate. The moment you try and chop off an arm, all of a sudden you discover interdependencies and what there seems to be. At least those two stories tell us that that may be a fairly general thing.”

“What if we learn that this world is wildly interdependent? More so than most of us appreciate. The moment you try and chop off an arm, all of a sudden you discover interdependencies and what there seems to be. At least those two stories tell us that that may be a fairly general thing.”