Anyone thinking the world is moving past oil just got a reality check.
This situation proved it again.
The world is far from done with oil.
And that is not ideology.
That is physics.
When supply routes get disrupted,
the system does not debate.
It reacts.
And value shifts instantly.
Production with no exposure to the Strait of Hormuz becomes more valuable overnight.
Not gradually.
Immediately.
That is why the Permian Basin matters more.
Guiana matters more.
Brazil matters more.
The Anadarko Basin in Oklahoma matters more.
The Bakken in North Dakota matters a lot more.
When one part of the system breaks,
the rest does not wait.
It reprices everything in real time.
That is how energy markets actually work.
Which region do you think becomes most important in the next supply shock?