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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Here's where Trump's idiocy is going to bite MAGA in the ass... Oil prices are going to go up because a.) Iran has closed the Straits of Hormuz and b.) is attacking oil infrastructure - [twitter]https://x.com/Megatron_ron/status/2028115672761332018[/twitter] The idiocy part of it is Trump attacking EVs, renewable energy, fuel efficiency standards, keeping us dependent on oil, including a lot of foreign oil. WE NEED TO GET OFF OF OIL AS A FUEL. Period. Use it for lubricants and other things but it's stupid for us to be as dependent as we are on critical infrastructure. This even affects people who don't have cars because so much of our goods are shipped around the country via long haul diesel trucks instead of electric trains and other means. We should have made the pivot decades ago but instead we have been systematically lied to with literal billions poured into disinfo undermining renewables from the fossil fuel industry.[/quote] I’m in my 50s. I remember lots of people saying this in the late 70s after the Iranian revolution and the opec stuff left us all sitting there with lights off and warm cardigans and gas lines. I also remember people saying it after 9/11 when it became clear our gas money had funded our own attack. It is constantly amazing to me that republicans aren’t concerned about this as a national security issue. I feel like the majority of my life has been spent in a stupid merry go round on this issue where we end up in exactly the same place — still dependent on middle eastern oil instead of figuring out a sustainable way to make our own energy. [b]Also, doesn’t this all help Russia? It probably just gave them enough economic juice to continue on …. [/b][/quote] Yes, I was explaining this yesterday. If the war is short-lived, it will be fine. The truth of the matter is, Iran cannot defy all their neighbors plus Israel plus the US all at the same time. It's in a bind, because the only cards it can play are cards that hurt its immediate neighbors, who have oil to move in the Persian Gulf. How badly is each neighboring country going to react? We don't know yet. But if the conflict drags on and the straights of Hormuz stay unsafe for months on end... Russia might get enough of a boost to make the difference in Ukraine. [/quote] Hitting oil fields isn’t just hitting at their neighbors. Oil is the center of the global economy. The house of cards falls once gas prices rise which means grocery prices rise, electricity prices rise, the price to commute to work or airline. travel prices rise, consumer spending dips when gas prices skyrocket, market confidence shakes. We saw this tailspin before with the Iraq war in 2008 oil crisis. Remember when gas was 5 dollars a gallon and then suddenly people stopped spending like crazy, then the market crash happened? This is all connected [/quote]
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