The spice must flow
Highest oil got was in July 2008 at $147.27
Lehman Brothers went bankrupt in September 2008
👀
those are rookie numbers, I bet we’ll blow past that in a few weeks
Adjusted for inflation in today’s dollars: $220
That’s totally doable, if Hormuz stays closed, and I see no reason for Iran to reopen it, prices are gonna keep surging. Most of the energy going to Japan, Korea, and Taiwan was passing through there. They don’t even have large reserves. So, once they start running out, it’s gonna be a bloodbath.
The difference between 2008 and today is that the US is a net exporter, which means the US has the option cut its exports to keep oil prices down at home. That’ll have fascinating effects on global oil markets.
Yup, the US is largely self sufficient in oil and gas right now. However, if the US cuts the vassals loose, that’s going to be disastrous as well. The US has significant dependence on trade with G7 countries, and if they start collapsing economically, then there’s going to be blow back in the US as well. It’ll likely be a bit more delayed, but I can’t see how the US escapes this unscathed.
Instead of putting pressure on,the usa and israel they put it on the victim side
countries that allow US to operate bases on their territory are not victims
none, especially not saudi arabia allowed thier airspace to be used for attacks. and SA doesnt have american bases.
I mean iran is thr victim
oh 100%, they were attacked completely unprovoked
