What's Next for Crude Oil?

Jacobson: I think that you can have reasonable expectations for what happens in the next 9, 90 days or 180 days. At any moment, Ed Morris from City Quils and the Fragile Five, Nigeria, Iraq, Iran, Venezuela, and those five countries at any moment, you can have hundreds of thousands of barrels a day of crude oil disappear. He says we're fairly lucky without a lot of disruptions in a lot of parts of the world that can really have damaging consequences. Jacobson: In 2024, I'm not so sure that we're not going to see a return to mid cycle.