The Chokepoint Economy: 7 Gates to Your Audience

The Chokepoint Economy: 7 Gates to Your Audience

There is a stretch of water off the coast of Iran, just 21 miles wide. Two shipping lanes run through it, each barely two miles across. And through that thin gap, every single day, flows one-fifth of the world’s oil, around 20 million barrels, about 231 every second. There is almost no way around it: a few pipelines can carry a fraction, but the rest has nowhere else to go. Nobody planned this. No one sat down and decided the global economy shou…