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October 6, 2026

Title: NEW ENERGY LESSONS AND REALITIES FROM THE HORMUZ CRISIS.
Topic: Affordable and Reliable Energy

Discussed by Matthew McManus
with National Center for Energy Analytics (www.energyanalytics.org/)

Matthew McManus is a Senior Fellow with the National Center for Energy Analytics. Today, he explains how global energy markets responded to one of the most significant supply disruptions in decades and what the crisis revealed about the future of energy security.

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Questions/Issues Discussed:

Did the closure of the Strait of Hormuz earlier this year trigger warnings of $200-per-barrel oil, global recession, and widespread fuel shortages?

Did oil-consuming countries ever imagine Iran would close the Strait of Hormuz?

Were oil markets more adaptable than expected?

Where is oil from Venezuela being shipped to?

Has OPEC lost its importance? Where is the focus being shifted to?

Does energy security require long-term planning?

Is there a big difference between how conservative Republicans plan for secure, abundant, and affordable energy supplies as compared to how liberal Democrats plan for secure, abundant, and affordable energy supplies?

Has oil and gas become a weapon in the battle for world dominance?

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