Compounding the danger of a prolonged conflict is the reality of “trapped” spare capacity. While the global market normally relies on spare capacity in Saudi Arabia, the UAE, and Kuwait to buffer against price shocks, Struyven explained that those barrels typically must flow through the Strait of Hormuz to reach global buyers. Consequently, as long as the Strait remains compromised, that spare capacity cannot be physically deployed. Furthermore, while the U.S. Strategic Petroleum Reserve (SPR) could be used as a textbook response to sustained disruptions, the SPR currently holds around 415 million barrels—more than 200 million barrels lower than it was prior to the 2022 energy crisis.
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“This is a major step toward a new kind of fetal therapy, one that doesn’t just repair but potentially helps heal and protect the developing spinal cord,” said Aijun Wang, co-inventor of the placental-derived stem cell treatment technology and the study’s co-principal investigator with Farmer. He is co-director of the UC Davis Center for Surgical Bioengineering.