Hormuz Deadline Expires, Diesel Crack Tops $102, Meta Wants 10 Gas Plants | BDE 08.18.26

The sixty day clock on the Islamabad MOU ran out and nobody blinked, so Hormuz is still a coin flip and the diesel crack just printed 102 dollars, bigger than the price of crude itself. Kirk, Chuck, and Mark get into why nobody will build a refinery, how FedEx surcharges quietly lock in higher prices, and whether Meta and Entergy are about to hand Louisiana ratepayers a very long bill. Plus live questions from the Collide audience and a heartfelt sendoff for OJ Brigance.

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Click here to view the episode transcript.

00:00 Flock of Seagulls and concert stories04:31 Hormuz deadline passes with no deal

08:43 Blaming the IEA for tight refining

12:16 Diesel crack spread hits a record

18:02 Fuel surcharges and the inflation ratchet

24:21 Meta, Entergy, and ten new gas plants

29:06 The case for behind the meter power