Kevin Book on Oil Markets, Hormuz Risk, Price Shock

Kevin Book, Managing Director at ClearView Energy Partners, discusses the global oil market impact of disruptions in the Strait of Hormuz, the potential for prolonged supply outages and the risk of sharply higher crude and gasoline prices. He also addresses policy options under consideration and implications for US energy strategy. He speaks with Joe Mathieu on the late edition of Bloomberg's "Balance of Power." (Source: Bloomberg)