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AZJonnie

(3,457 posts)

28. The problem is, there is NO "WE" in this scenario because "our" oil industry is not nationalized

Sat Feb 28, 2026, 01:56 PM

Saturday

If 1/5 the WORLD'S oil exported supply was choked off, the WORLD'S price of crude would skyrocket. And then the US companies will sell "ours" to the world (which includes the USA) at highly inflated prices.

Also, 10% is a MASSIVE freaking amount when it comes to pricing pressure.

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amortus716

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Highlight:

Iran Reportedly Closes Strait of Hormuz, the World's Most Vital Oil Export Route [View all] orangecrush Saturday OP

Claims to close & close are 2 different things. nt EX500rider Saturday #1

Iran's revolutionary guards tell ships passage through Strait of Hormuz 'not allowed', EU naval mission official says orangecrush Saturday #2

yes that is claiming it's closed, does not mean it is EX500rider Saturday #4

However, it means that no tanker captain in his right mind Another Jackalope Saturday #12

"Tankers Divert From Strait of Hormuz" orangecrush Saturday #3

Sure, it's a hot war zone but does not mean the straights are closed just because Iran says so EX500rider Saturday #6

Would I be correct orangecrush Saturday #7

Tankers diverting to be cautious isn't the same as no shipping passing through we shall see EX500rider Saturday #25

Thank you orangecrush Saturday #27

Diverting where? sarisataka Saturday #30

Diverting to somewhere that's not an active war zone EX500rider Saturday #37

Which means sarisataka Saturday #39

No. Commercial ships do not just say "damn the torpedoes" and sail to see what happens muriel_volestrangler Saturday #10

Seems simple enough. Disaffected Saturday #8

There is no part in narrow enough where one tanker could block it EX500rider Saturday #26

Then sink the next one. Disaffected Saturday #31

The narrowest part of the straight is 21 miles EX500rider Saturday #33

The point is, Disaffected Saturday #35

They can but then they risk all the neighboring countries in the Gulf joining the war EX500rider Saturday #42

They are already bombing neighbouring countries Disaffected Saturday #43

Yeah, but the DOW WAS over 50,000. multigraincracker Saturday #5

Fifty thousand *dollars*! Ocelot II Saturday #9

How DARE you!!!!! Swede Saturday #15

UKMTO advisory: muriel_volestrangler Saturday #11

The Straight Greg_In_SF Saturday #13

Here's a decent one madville Saturday #16

Shipping traffic will still go through madville Saturday #14

Yep Greg_In_SF Saturday #17

Gas up now in case there are shortages? Ilsa Saturday #18

We only get 10% of our crude oil from the ME. madville Saturday #19

I remember 5 bucks a gallon orangecrush Saturday #21

I guess the oil companies use it as an excuse to jack prices at the pump. nt Ilsa Saturday #23

You mean it's not supply and demand???? orangecrush Saturday #24

And the expensive oil will be in the pipeline for months after the new oil starts flowing. Swede Saturday #29

Thank you. nt (Phew!) Ilsa Saturday #22

The problem is, there is NO "WE" in this scenario because "our" oil industry is not nationalized AZJonnie Saturday #28

Prices can increase, sure madville Saturday #34

You said "impact" not "shortages" so that's what I was responding to, as prices would be included in "impact" AZJonnie Saturday #36

And I was responding directly to someone madville Saturday #38

All good mate I should've looked closer at the context, I'm just saying what I was responding to AZJonnie Saturday #40

Highly advisable orangecrush Saturday #20

Now ships are avoiding the Red Sea womanofthehills Saturday #32

If Iran ForgedCrank Saturday #41