Trump Blinks on Iran, Cushing Hits Tank Bottoms & Warren's Big Oil Shakedown | BDE 06.23.26

Cushing is scraping tank bottoms, the SPR is back at 1980s lows, and somehow there is room to argue about soccer, the World Cup, and the audacity of parking your car at the Buc-ee's pump. Kirk and Mark break down the new Iran MOU and what the Strait of Hormuz standoff means for crude, why production keeps slipping while exports surge, and the recycled windfall profits tax playbook out of Warren and Whitehouse. It lands on the SpaceX IPO and the builder versus blame mindset worth chewing on.
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Click here to view the episode transcript.

00:00 Cold open and weekend banter
02:35 Soccer, baseball, and the MLB labor cliff
05:38 The Iran MOU and the Hormuz standoff
12:14 Iran vs the Venezuela playbook
14:48 Cushing at tank bottoms
17:21 Physical vs financial and the SPR draw
22:15 Production, rigs, and capital discipline
25:55 Heavy crude and headlines vs reality
27:20 The Buc-ee's debate
32:19 Warren, Whitehouse, and the windfall profits tax
38:23 Attention spans and the state of discourse
41:31 The SpaceX IPO and the builder vs blame mindset
45:27 Rockets, methane, and ESG scores
48:18 US Open at Shinnecock and the wraphttps://twitter.com/collide_ai
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