Diesel Cracks Hit $102, Hormuz Day 176 & Token Burn Is Just AI Flaring | BDE 08.24.26

Diesel cracks just hit 102 dollars a barrel while the Treasury Secretary says he does not understand why oil spiked, which tells you everything about a products led market. Hormuz sits at day 176 with transits down 86 percent, Buc-ee's makes more on beaver nuggets than it does on diesel, and the SPR is now a strategic suggestion. Then there is AI flaring, the case that token burn on drifting bots is the same waste as burning gas you already paid to produce.

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0:00:00 Bessent doesn't understand the oil spike

0:02:34 Macro guys versus the physical traders

0:05:26 The 102 dollar crack spread

0:08:29 What it actually costs at the pump

0:10:25 A strategic suggestion, not a reserve

0:15:48 Hormuz, day 176