Steven L. Taylor is a Professor Emeritus of Political Science and former College of Arts and Sciences Dean. His main areas of expertise include parties, elections, and the institutional design of democracies. His most recent book is the co-authored A Different Democracy: American Government in a 31-Country Perspective. He earned his Ph.D. from the University of Texas and his BA from the University of California, Irvine. He has been blogging since 2003 (originally at the now defunct Poliblog).
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And now the last tankers to leave the Gulf before 28 February are now unloading in Asia.
They arrive in Europe by around 10 April.
North America by 15 April.
Then fun really starts.
For an arbitrary value of “fun”.
Jet fuel has already doubled in price; diesel nearly so.
Some small business operations in Asia are already starting to shut down.
Quite soon Trump’s pronouncements are going to increasingly stop moving futures markets very much, imho, as real shortages and current prices start to bite.
And now the last tankers to leave the Gulf before 28 February are now unloading in Asia.
They arrive in Europe by around 10 April.
North America by 15 April.
Then fun really starts.
For an arbitrary value of “fun”.
Jet fuel has already doubled in price; diesel nearly so.
Some small business operations in Asia are already starting to shut down.
Quite soon Trump’s pronouncements are going to increasingly stop moving futures markets very much, imho, as real shortages and current prices start to bite.
Just found this through Semafor, something to monitor:
https://hormuzdash-hlu8cshd.manus.space/
Hormuz Strait/Crude Market monitoring