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gab13by13

(32,466 posts)

3. The US is oil independent

Reply to lostincalifornia (Reply #2)

Mon Apr 13, 2026, 08:23 AM

Yesterday

but not crude oil independent. The US does import crude oil.

This is about so much more than supply and demand. China imports a lot of oil from Iran, the blockade is going to enrage China, especially when oil tankers headed to China are stopped by the US Navy.

What would WW III do to the price of crude? The markets are ignoring all of this bad shit.

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Highlight:

Iran Sends Warning on Gulf Ports After US Threat to Block Hormuz [View all] lostincalifornia Yesterday OP

The blockade and this statement from Iran, gab13by13 Yesterday #1

They can only do that for a short time. Actual shortages are already occurring, and they will get worse if this lostincalifornia Yesterday #2

The US is oil independent gab13by13 Yesterday #3

Trumps art at triggering more madness and death. Passages Yesterday #4

Of course they do. Really, what choice do they have? Scrivener7 Yesterday #5