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There's no off ramp whatsoever for both Iran, and Israel and the USA. This will trigger a global recession, everything is about to get much more expensive. Abs
by piva00 8mo ago
There's no off ramp whatsoever for both Iran, and Israel and the USA. This will trigger a global recession, everything is about to get much more expensive.
Absolute disaster, all to fill up the coffers of American oil companies...
- ahsillyme 8mo agoI don't think any reasonable person would think this decision works to fill the coffers of anybody. Everyone is getting shafted.
- piva00 8mo agoOil companies in the USA seeing a price hike from ~US$60 to over US$100? It definitely fills their coffers, lots of barely-profitable/non-profitable shale extraction becomes viable. Of course, there's also the angle with Miriam Adelson who might have sweet talked Trump into going aboard with Israel on this disaster.
- ahsillyme 8mo agoAlright, it was my assumption that we'll be left with a totally dysfunctional economy, and in that sense whatever's in you bank account means very little. If I were an oil exec I wouldn't trade that world from what we had before even if money was my only objective.
- myvoiceismypass 8mo agoIf the TV show Landman is to believed, its not all rosy for the oil companies when prices go over $100 because it leads to people using less gas: "Well, you want oil to live above 60 but below 90. And don’t get me wrong, we’re still printing money at 90, but gas gets up over $3.50 a gallon, it starts to pinch. It hits a hundred, every product in America has to readjust its price. $78 a barrel, that’s about perfect. You know, brings enough profit to keep exploring, but it don’t sting as much at the pump."
- nullocator 8mo agoThat show is 100% fiction, bullshit and propaganda, nothing in it should be believed or taken at face value. The examples, stats or stories Billy-Bob tells are contrived, false or otherwise misleading. It is entertainment, a soap opera for adult men.
- Sabinus 8mo agoAnd the acting is extremely average.