Nate Hagens, April 2026:
Oil 101 preamble:
“As a result of the Strait of Hormuz closure, you’ve probably heard a lot about oil in the news lately. You might know that oil is important for filling up your car, but you’re probably not quite sure what the big deal is beyond that. It turns out that our entire modern civilization is only possible primarily because of oil, and the resulting products from it…