The mathematical expression he included — ΔO_BSOH>0 ⇒ f(f(O))>f(O) — appears to be a signal that any increase in Hormuz blockade severity produces a compounding, nonlinear spike in oil prices, not a simple one-to-one rise.
This is the explanation from the Drop Site News tweet.
This is the explanation from the Drop Site News tweet.
positive feedback… which i am sure most americans have studied
I guess this would be because a significant percentage of oil demand is inflexible.