Trump created global fuel crisis

[VitaMan]

Airlines having trouble obtaining jet fuel.
Philippines goes to 4 day work week to preserve fuel.
Sri Lanka government sets rules to avoid crisis.
Asian countries looking for way to charter vessels for diesel fuel
On and on and on....
Just the beginning if the Iran stalemate continues.


Should Trump bear all the blame ? Apparently he didn't consult our Allies before starting this course of action. His advisors should have known the potential problem with the Strait, and oil blockage. Many countries have gone to using their oil reserves and most only have a 30 day emergency supply.

[pxmcc]

^^+1..

that's what happens when a decision-maker is surrounded by a bunch of yes men. half the people in this forum knew what a lousy idea it was to attack Iran, and the effect it would have on oil prices. i said exactly that, among other folks.

[Tiny]

I’m confused. You’re afraid the world’s going to fry because of all the carbon emissions. Well if you really want to go to net zero, you’re going to need oil, gas and coal prices a hell of a lot higher than they are now. What kind of jet fuel price is it going to take to get you to save the planet instead of flying? $20 a gallon? $40?

Seriously, if you want to see more renewables, and you want the market to make that happen instead of dumb ass politicians, Trump’s Big Middle East Adventure is a gift from God. Hypothetically if you can replace Qatar LNG with wind, solar and nuclear your energy supply will be more secure. Unfortunately solar and wind can’t provide reliable base load supply. But the current situation with the Strait of Hormuz will encourage more investment in battery technology (to store wind and solar power) along with other alternatives to Middle East energy

[txdot-guy]

^^+1..

Right on the money. This war of Trump’s choosing will be a catalyst for many countries to invest in renewable technologies. Something that the Chinese government has been working to dominate for a while now.

[pxmcc]

i'm 100% in favor of renewables, but if i had my druthers, this is not exactly the way i would have gone about it..

Trump is pure chaos and poor planning. JD Vance should have done a better job of laying out the downsides of attacking Iran, as i suspect he is least in favor of the war among Trump's senior advisers.

[Yssup Rider]

Vance is an imbecile and would have fucked this up with the same level of expertise as his master.

Fact is, nobody in the Trump administration is qualified to wage war. And none have been granted approval to do so.

The only thing good that possibly comes from this is regime change… in the US.

[Why_Yes_I_Do]

Major Alert! Trump created global fuel crisis <breathless gasp...>

But did he really? Or did he actually point out the 85 million barrel, canary in the coal mine, about how many countries are hopelessly dependent on Gulf oil?
EX: China around 45+% and Pakistan around 80% dependant.

I saw a recent headline pointing out that the US, with a little help from Venezuela - ATM (more coming), plus Russia combined is about equivalent to all oil in the gulf.

In case facts matter

[VitaMan]

You don't seem to realize the oil market is a world market. And about 20% of the world oil supply
transits the Strait. Oil prices went to more than $ 110 per barrel during this conflict.

[Why_Yes_I_Do]

Originally Posted by VitaMan

You don't seem to realize the oil market is a world market. And about 20% of the world oil supply
transits the Strait. Oil prices went to more than $ 110 per barrel during this conflict.

Which means 80% does not. But... Time arches on...
It's below $100 today and all US indexes are move'n on up, 'cepting the VIX - which is trending down.

Did you know?: "Venezuela has the largest proven oil reserves in the world, but production has declined significantly over the past two decades." Hubba-Hubba

If'n you're a history buff; look up Trump's thoughts about the Stait and what he would do if Iran ever blocked it - from the 1980's.
I'll save you some time and summarize it for you:

[royamcr]

Venezuela has lots of crude for sure but most of it is like asphalt. It doesn't flow until mixed with lighter oils, like from Iran. hmmm

[VitaMan]

Originally Posted by Why_Yes_I_Do

Which means 80% does not.

This may be the most nonsensical post ever. When 20% of a product disappears from the market, prices rise and problems result.


By the way, you are off on the figure for China dependence on Persian Gulf oil. It is more
like 80%.