A dire warning that the world is about to lose most of its oil supply, framed as very bad news for every American who buys gas.

• A claim is floated that the US and Venezuela together control 62% of the world's oil — which is false and doesn't match reality.
• Venezuela actually exports only about a million barrels a day, a tiny slice of the global market.
• The real fear: the roughly 20 million barrels a day that move through the Persian Gulf could stop flowing.
• Add in disruptions in Eastern Europe and a shut Red Sea, and the picture is a massive oil shortage.
• If those shipping routes close, gas and energy prices would spike and hit ordinary people hard.

Outlook: If Persian Gulf and Red Sea oil shipments really get cut off, expect sharply higher gas and energy prices soon.