Kevin Book

To his right is Kelly Sims-Gallagher, Dean of the Fletcher School of Law and Diplomacy at Tufts.

And to the very far right for me to your left is Kevin Book, Managing Director, Clearview Energy Partners.

And I'm very pleased to say that all four of us are proud life members here at the council, as I'm sure are many of you as well here in DC and on our call.

We of course welcome our friends from the press and special invited guests.

There are real opportunities for accumulation, and there are even opportunities for people with inside information to make money off of bets on how this volatility is going to unfold in a way that they can be pretty confident that they're not going to be prosecuted for.

And so the US has made up some of the gap, but somebody from CSIS's energy program, Kevin Book, made the argument that we're entering what he calls a tighter world, where basically...

the global refinery fleet is so tied up or damaged, the global tanker fleet is so tied up that any additional marginal damage or disruption could have really outsized effects.

And these effects are accumulating, right? I mean, so it's unlikely that the refineries that have been damaged in the Middle East and Russia are going to be able to come you know, back online anytime soon, get back up to capacity, even if the war ends tomorrow, which it's likely not going to.

Saudi Arabia's Energy Ministry says that the office complex was targeted by Houthi militants in Yemen.

Clearview's Director of Research, Kevin Book, says it's a worrying sign for energy markets.

Uh, it's very good news that nobody...

There were no casualties.