Jeff Currie stated that the market is focused on Brent crude oil at around $91/barrel, but the real energy crisis is European diesel prices reaching approximately $170/barrel. He pointed out that crude oil and refined product prices have decoupled, partly due to about 100-120 million barrels of crude oil being stranded in the Strait of Hormuz, and reduced output from Chinese refineries, leading to softer crude oil prices but tight refined product supply. Currie believes that governments have created an "illusion of ample supply" by releasing strategic reserves and appeasing the market, but this disruption is different due to its scale, duration, and an increasingly tight refined product market. He expects this misalignment between crude oil and refined products will eventually be corrected as refineries increase production to pursue high profits, but until then, Brent crude oil at $91 might give investors a false sense of comfort.