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“That is three times the scale of the impact we saw in the energy crisis in the 1970s from the Arab oil embargo and the Iranian revolution,” he continued. “Even if we only see half, for example, or three quarters of the passage to the Strait of Hormuz return, it’s still going to be a global energy crisis.”
"At that point in the investigation, we're [still] looking at 29 states here in the US. I mean, you're talking about tens of thousands of addresses, and that's a very, very daunting task," says Squire.