The correlation between energy supply and economic growth is almost one, meaning that energy is THE driver of growth – the single most important factor, and indeed almost the only one that matters. Global energy supply is about to collapse, and not just by the 20% that used to transit the Gulf. Now both sides are destroying each other’s energy infrastructure.
Steve Jermy, a fomer naval officer and energy expert, discusses the plans being formulated to invade either Karg Island or the northern coast of the Straits of Hormuz. The odds of success are vanishingly small. The US chronically underestimates it’s enemies, as it regards itself as inherently superior. This is shear hubris.
