RESTART NUCLEAR

“Per his channel checks, the region is already seeing a jump in demand for electric vehicles, with BYD dealers holding less and less inventory on hand. The extreme rationing and high prices are forcing a faster transition than previously anticipated.”

“The war in Iran has caused the price of all kinds of commodities to surge, and that has a negative economic impact almost everywhere. But the squeeze is really being felt hard in East Asia, which is the ultimate destination for a lot of oil and gas that come out of the Gulf.”

“If you take a look at what's going on in the strait of war moves, it still seems to be shut more or less. You can see the number of ships that are going through that particular choke point, and I have two as of today, which is basically nothing compared to normal ship traffic.”

“The war will accelerate the region's appetite to restart nuclear power plants, ultimately lessening its dependence on imported natural gas. Though the acute pain may pass, this episode may already be reshaping the long-term energy trajectory of the region.”

“Asia is very heavily exposed right now and more acutely thinking about what the impacts might be, how they might want to preempt them than the United States. Asia is a massive crude importer, and principally from the Middle East because it's the most proximate supply and generally has the cheapest shipping distances.”