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A maritime chokepoint crisis permanently redirects long-term pipeline and terminal investment, not just short-term oil prices.
Drawn from what Brad DeLong said
What Brad DeLong actually said
Word for word, with the source under each one. They did not write this page.
Economics professor at the University of California
Chokepoint risk does more than spike the spot price for a season. It re-prices geography permanently: it redirects the next decade of pipeline and terminal investment and hands a windfall to whoever sits on the alternative route.
Where this was said
↗CROSSPOST: SPENCER ACKERMAN: Fanute The Houthi Coupbraddelong.substack.com
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