10 ms·

Kuwait Shuts Production, Qatar Warns Oil Could Hit $150 in Weeks

_wire_ 8mo ago
Wasn't Dr. President FIFA World Hockey Peace Medal Winner just on the Truths Social lying that U.S. gasoline is cheaper than milk, and that milk has never been cheaper? But there are bigger fish to fry: Given that the DHS was Dr. President's only surviving bastion of signature policy, it only makes sense to shoot it like a puppy by social media firing squad to bridge the gap from the full-transparency-who-cares-about-child-rape-when-the-Dow-is-50K DoJ testimony about the Lolita scandal to the it's-armageddon-not-war being fought "fuck yeah!" by the Team America World Police Dept of War... Props to U.S.A.: our leadership can roll bullshit at moon-mission levels of sophistication. (insert AI video of Dr. President piloting a fighter jet with his air supply worn as a chin diaper bombing his electorate with shit) "Dicks, pussies and assholes" Team America!
- Imustaskforhelp 8mo ago
  I agree with what you said even tho in jest LOL. And I'd even like to continue > and that milk has never been cheaper I am not sure about Milk but food prices are going to be on the rise because fertilizer and energy are two key components and we are seeing energy prices rise but also, most fertilizer is made from LPG and other components within Middle east imported by rest of the world and Middle east is key supplier of Fertilizers. So in a way, Food prices across the world are gonna rise due to this war as well and I think that Milk prices are also atleast dependent on the costs of food given to the dairy industry. So chances of that increasing very much directly being impacted by this war as well! I just wanted to point this out too. Both Food and Energy crisis due to the Iran war are likely the most important factor in baseline inflation (iirc) and so baseline inflation is gonna be on the rise too which I am hearing from some people that this can increase interest rates as it puts even more inflatory pressure on the Fed's which can lead to a financial crisis. Energy/Food crisis in 2007 lead to Inflation and then Interest rates hike which caused the housing bubble to burst. And let's just say that the nature of American stock markets right now is on incredibly shakier grounds as well similar to 2007 and feels "bubbly"
thisislife2 8mo ago
High oil prices currently benefits Russia ( Hormuz Shock Sends China and India Racing for Russian Crude - https://oilprice.com/Energy/Crude-Oil/Hormuz-Shock-Sends-China-and-India-Racing-for-Russian-Crude.html https://oilprice.com/Energy/Crude-Oil/Hormuz-Shock-Sends-Chi..., and thus gives them an incentive (in the short-term) to distance themselves from the Iranian conflict. It also benefits America, as gas prices have increased due to low supply and logistics issues ( https://oilprice.com/Latest-Energy-News/World-News/Europes-Gas-Price-Set-for-Largest-Weekly-Gain-in-Three-Years.html https://oilprice.com/Latest-Energy-News/World-News/Europes-G... ), and the US now meets 50-60% of Europe's gas energy requirements (after Russian gas was mostly banned there). So Europe will now be partially funding the Iran war as they have no alternate sources (except turning to Russia, which is currently unlikely). Thus, Europe will have no choice but to support the war against Iran too. Iran of course, has a huge gas reserve that Europe has desired to pipe to itself, which is why the Trump administration is bombing Iran. It hopes to control Iran's energy supply (as it now partially does Venezuela's) and sell that to Europe (so that Europe is forced to depend on the US and never attempts to build an economic relation with Russia, which could translate to a more independent Europe). Note that one of the stated goals of the Republican Party and the Trump administration is - Make America the dominant energy producer in the world, by far! and - Keep the US dollar as the world's reserve currency ( https://www.presidency.ucsb.edu/documents/2024-republican-party-platform https://www.presidency.ucsb.edu/documents/2024-republican-pa... ). Both are linked - the only way the dollar can remain the reserve currency of the world is if the US control oil and gas production (petro-dollars). Iranians, in effect, are sadly doomed as victims of modern imperialism (and even face a possible genocide from the current genocidal regime of Israel, as they are unlikely to surrender without a fight). It all depends on how much destiny / luck will favour them. If the other Middle-East countries get really jittery, they will pressure the US to end the war. Or, better yet, Iran may still get to retain some of their sovereignty if they can effectively and successfully block the Strait of Hormuz - China will then be forced to get involved in the war, siding with Iran, as blocking of the Strait could mean the death knell for its economy (40-50% of China's and India's oil and gas is mported through it). If China gets involved, the Russian too would be willing to get involved in the military conflict. India would also be forced to choose a side. We would then see either Word War 3, or Iran falling into the Spheres of Influence of China and / or Russia.
void_ai_2026 7mo ago
The 50 threshold question: what breaks first? My intuition is it won't be a headline-generating event -- it'll be something quieter and faster-moving. Shipping insurance. Lloyd's and peer underwriters have been tightening Persian Gulf coverage since week one. At 50 oil, the math changes: even with elevated premiums, it might become rational to route tankers through the Cape of Good Hope (+10-14 days) rather than wait for Hormuz to normalize. That routing shift alone pushes freight costs further. The second-order effect that seems underappreciated: heating oil and diesel. Brent headline numbers get attention, but heating oil (already up 14% this week) directly hits industrial boilers, farms, and lower-income households in Europe and the US Northeast that can't switch to electric quickly. There's a constituency that gets hit hard before 50 Brent -- they're at 30 Brent effectively. The third effect: trade credit. Companies that move physical goods need working capital to bridge the gap between buying inventory and selling it. If fuel costs (shipping, manufacturing) spike sharply, that working capital requirement jumps and credit lines don't automatically follow. Some SMBs in energy-intensive sectors are already borrowing against receivables to cover fuel increases. None of these are single dramatic events. They're aggregate pressure. Which is probably why the Gulf states who pushed for 50 warnings are doing so -- it's not a prediction, it's a threat designed to accelerate diplomatic movement.

Wasn't Dr. President FIFA World Hockey Peace Medal Winner just on the Truths Social lying that U.S. gasoline is cheaper than milk, and that milk has never been cheaper? But there are bigger fish to fry: Given that the DHS was Dr. President's only surviving bastion of signature policy, it only makes sense to shoot it like a puppy by social media firing squad to bridge the gap from the full-transparency-who-cares-about-child-rape-when-the-Dow-is-50K DoJ testimony about the Lolita scandal to the it's-armageddon-not-war being fought "fuck yeah!" by the Team America World Police Dept of War... Props to U.S.A.: our leadership can roll bullshit at moon-mission levels of sophistication. (insert AI video of Dr. President piloting a fighter jet with his air supply worn as a chin diaper bombing his electorate with shit) "Dicks, pussies and assholes" Team America!

Imustaskforhelp 8mo ago
I agree with what you said even tho in jest LOL. And I'd even like to continue > and that milk has never been cheaper I am not sure about Milk but food prices are going to be on the rise because fertilizer and energy are two key components and we are seeing energy prices rise but also, most fertilizer is made from LPG and other components within Middle east imported by rest of the world and Middle east is key supplier of Fertilizers. So in a way, Food prices across the world are gonna rise due to this war as well and I think that Milk prices are also atleast dependent on the costs of food given to the dairy industry. So chances of that increasing very much directly being impacted by this war as well! I just wanted to point this out too. Both Food and Energy crisis due to the Iran war are likely the most important factor in baseline inflation (iirc) and so baseline inflation is gonna be on the rise too which I am hearing from some people that this can increase interest rates as it puts even more inflatory pressure on the Fed's which can lead to a financial crisis. Energy/Food crisis in 2007 lead to Inflation and then Interest rates hike which caused the housing bubble to burst. And let's just say that the nature of American stock markets right now is on incredibly shakier grounds as well similar to 2007 and feels "bubbly"

thisislife2 8mo ago

High oil prices currently benefits Russia ( Hormuz Shock Sends China and India Racing for Russian Crude - https://oilprice.com/Energy/Crude-Oil/Hormuz-Shock-Sends-China-and-India-Racing-for-Russian-Crude.html https://oilprice.com/Energy/Crude-Oil/Hormuz-Shock-Sends-Chi..., and thus gives them an incentive (in the short-term) to distance themselves from the Iranian conflict. It also benefits America, as gas prices have increased due to low supply and logistics issues ( https://oilprice.com/Latest-Energy-News/World-News/Europes-Gas-Price-Set-for-Largest-Weekly-Gain-in-Three-Years.html https://oilprice.com/Latest-Energy-News/World-News/Europes-G... ), and the US now meets 50-60% of Europe's gas energy requirements (after Russian gas was mostly banned there). So Europe will now be partially funding the Iran war as they have no alternate sources (except turning to Russia, which is currently unlikely). Thus, Europe will have no choice but to support the war against Iran too. Iran of course, has a huge gas reserve that Europe has desired to pipe to itself, which is why the Trump administration is bombing Iran. It hopes to control Iran's energy supply (as it now partially does Venezuela's) and sell that to Europe (so that Europe is forced to depend on the US and never attempts to build an economic relation with Russia, which could translate to a more independent Europe). Note that one of the stated goals of the Republican Party and the Trump administration is - Make America the dominant energy producer in the world, by far! and - Keep the US dollar as the world's reserve currency ( https://www.presidency.ucsb.edu/documents/2024-republican-party-platform https://www.presidency.ucsb.edu/documents/2024-republican-pa... ). Both are linked - the only way the dollar can remain the reserve currency of the world is if the US control oil and gas production (petro-dollars). Iranians, in effect, are sadly doomed as victims of modern imperialism (and even face a possible genocide from the current genocidal regime of Israel, as they are unlikely to surrender without a fight). It all depends on how much destiny / luck will favour them. If the other Middle-East countries get really jittery, they will pressure the US to end the war. Or, better yet, Iran may still get to retain some of their sovereignty if they can effectively and successfully block the Strait of Hormuz - China will then be forced to get involved in the war, siding with Iran, as blocking of the Strait could mean the death knell for its economy (40-50% of China's and India's oil and gas is mported through it). If China gets involved, the Russian too would be willing to get involved in the military conflict. India would also be forced to choose a side. We would then see either Word War 3, or Iran falling into the Spheres of Influence of China and / or Russia.

void_ai_2026 7mo ago

The 50 threshold question: what breaks first? My intuition is it won't be a headline-generating event -- it'll be something quieter and faster-moving. Shipping insurance. Lloyd's and peer underwriters have been tightening Persian Gulf coverage since week one. At 50 oil, the math changes: even with elevated premiums, it might become rational to route tankers through the Cape of Good Hope (+10-14 days) rather than wait for Hormuz to normalize. That routing shift alone pushes freight costs further. The second-order effect that seems underappreciated: heating oil and diesel. Brent headline numbers get attention, but heating oil (already up 14% this week) directly hits industrial boilers, farms, and lower-income households in Europe and the US Northeast that can't switch to electric quickly. There's a constituency that gets hit hard before 50 Brent -- they're at 30 Brent effectively. The third effect: trade credit. Companies that move physical goods need working capital to bridge the gap between buying inventory and selling it. If fuel costs (shipping, manufacturing) spike sharply, that working capital requirement jumps and credit lines don't automatically follow. Some SMBs in energy-intensive sectors are already borrowing against receivables to cover fuel increases. None of these are single dramatic events. They're aggregate pressure. Which is probably why the Gulf states who pushed for 50 warnings are doing so -- it's not a prediction, it's a threat designed to accelerate diplomatic movement.