Well, howdy there, internet people, it's bell again.

So today, we're going to talk about whether Trump is going to send oil to $200 per barrel.

Recently, I briefly mentioned a Ron's goal of sending oil to $200 per barrel. While 150 seemed possible, I said I didn't

see 200 as likely. That was largely based on the long-standing gentleman's agreement that existed

between big oil players in the region. You don't hit our production facilities, we won't hit yours. Most analysts assumed

this seemingly unspoken agreement would hold for the most part, and major damage would be avoided.

The assumption that it would hold was based on the fact that major damage to production facilities could move the timeline

of a return to normal energy flow after the fighting, from something measured in months to

something measured in years. It would be incredibly self-defeating and self-sabotaging for

any player to risk that kind of escalation

and damage. Surely, nobody's that short-sighted. Well, about that. Upstream natural gas

facilities all over the region are being targeted. There are reports of oil refineries in Kuwait being struck as well.

It looks like the catalyst for the massive escalation was the hit against Iran's South Pars gas field.

They responded by targeting the world's largest liquefied natural gas complex in Qatar.

If this continues to expand and major damage to the facilities is inflicted,

we probably don't need to wait for two quarters of contracting GDP to say we're in recession.

We can just assume we're on our way there. We just had that

question about why the stock market isn't really reacting to the Iran war. I feel like the

market is going to pay attention soon. It's so bad. Even Trump seems to be aware of the risk. He posted to

social media, quote, Israel, out of anger for what has taken place in the Middle East, has violently

lashed out at a major facility, known as South Pars gas field in Iran.

A relatively small section of the hole has been hit.

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