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SECTOR ETFXLEXOPBULLISHCore thesis · 5/5

No single ticker was named. Oil & gas ETFs are one way for retail investors to get exposure. Not a recommendation.

Strait of Hormuz closure created a massive physical deficit

The guest argued the key impact of the Middle East conflict was the physical shut-in of 10-15 million barrels per day of upstream production for about 100 days, creating a 1-1.5 billion barrel deficit that is now drawing down global inventories.

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NOT INVESTMENT ADVICE · A SUMMARY OF WHAT WAS SAID ON THE PODCAST · VERIFY AGAINST THE SOURCE