7 ms·

The Strait of Hormuz Oil Shock Is Now Heading West

82 points by petethomas 7mo ago

ValveFan6969 7mo ago
[dead]
simmerup 7mo ago
Has anyone said thank you to Trump yet?
- pinkblink 7mo ago
  [flagged]
  - simmerup 7mo ago
    A very un-nice sentiment which explains a lot about modern America if its fueling the GOP.
    - deleted 7mo ago
      [deleted]
  - deleted 7mo ago
    [deleted]
- cmxch 7mo ago
  Yes, the Iranian diaspora that has favored the end of the Carter Mistake. And Americans old enough to recall Carter’s disastrous loss of Iran.
  - simmerup 7mo ago
    You’re talking like America has control of Iran
deleted 7mo ago
[deleted]
mikewarot 7mo ago
I think that Trump has given Iran effective tactical control over 20% of the world's energy supply. It's highly likely that they will use this to get their country back on it's economic feet, definitely get the nuclear program finished, and force the end of the PetroDollar in the process. The appetite for the "boots on the ground" among the US public is almost zero. I doubt that even a large false flag would work at this point. The hardest part of Trump's 2 week war is going to be the first six years.
- pinkblink 7mo ago
  [flagged]
  - toomuchtodo 7mo ago
    China has planned for and is insulated from petroleum supply chain disruption. https://www.theguardian.com/world/2026/mar/20/china-oil-reserves-global-energy-crisis https://www.theguardian.com/world/2026/mar/20/china-oil-rese...
    - JumpCrisscross 7mo ago
      > China has planned for and is insulated from petroleum supply chain disruption Planned for, yes. Insulated, no. China remains the world's largest importer of crude [1]. [1] https://www.worldstopexports.com/crude-oil-imports-by-country/ https://www.worldstopexports.com/crude-oil-imports-by-countr...
      - toomuchtodo 7mo ago
        Indeed, imports are for filling their ~1.3B barrel strategic reserve at favorable sanctioned priced imports. https://www.reuters.com/business/energy/china-targets-steady-oil-output-more-gas-stockpiling-five-year-plan-2026-03-05/ https://www.reuters.com/business/energy/china-targets-steady... https://en.wikipedia.org/wiki/Strategic_petroleum_reserve_(China) https://en.wikipedia.org/wiki/Strategic_petroleum_reserve_(C...
megamike 7mo ago
security should be built on domestic strength, specifically by securing our power grid and reducing global oil dependence. We have the technology, tools, solar, wind, advanced battery storage, nuclear power to make this happen. We have the wrong people in place to make this happen.
- deleted 7mo ago
  [deleted]
- toomuchtodo 7mo ago
  > “The main message is that we’re going to get the energy transition forced on us in a very painful way that’s going to happen very quickly. This forcing function will occur regardless of who is in power. The world (China, mostly) produces enough EVs, solar, and batteries to make it happen, it’s just a matter of economics and time. The people in charge today are temporary, the investments made in clean tech today will last decades. https://ember-energy.org/data/china-cleantech-exports-data-explorer/ https://ember-energy.org/data/china-cleantech-exports-data-e... (China is ~1/3 of global manufacturing capacity)
  - Projectiboga 7mo ago
    The unraveling of the PetroDollar is happening. Japan jut agreed to pay Yuan for Iranian oil now. They were already using Yuan for Russian Oil.
    - solstice 7mo ago
      I'd like some credible source for the Japan claim, please. Per https://www.jluggage.com/blog/fact-check/japan-buying-oil-in-yuan/ https://www.jluggage.com/blog/fact-check/japan-buying-oil-in... it is a rumour.
    - leereeves 7mo ago
      > The unraveling of the PetroDollar is happening. Suppose that is true. Would it matter? Oil is rarely traded in Euros but the Euro is still a strong currency.
mitchbob 7mo ago
https://archive.ph/jfdlP https://archive.ph/jfdlP
chewz 7mo ago
You could also say that US finally finished with subsidizing Europe's and other allies lavish lifestyle... (via cheap oil and open trade routes). No more cheap vacations abroad, cheap food, cheap goods from far away.. I bet we will see $400 oil...
nojvek 7mo ago
The Q is does this accelerate solar and wind, or just makes life more miserable for everyone and we’re back to the same next election. US falling behind China. There’s a good possibility trillions allocated in datacenter buildout was misallocation of capital by markets.

82 points by petethomas 7mo ago

ValveFan6969 7mo ago

[dead]

simmerup 7mo ago

Has anyone said thank you to Trump yet?

pinkblink 7mo ago
[flagged]
- simmerup 7mo ago
  A very un-nice sentiment which explains a lot about modern America if its fueling the GOP.
  - deleted 7mo ago
    [deleted]
- deleted 7mo ago
  [deleted]
cmxch 7mo ago
Yes, the Iranian diaspora that has favored the end of the Carter Mistake. And Americans old enough to recall Carter’s disastrous loss of Iran.
- simmerup 7mo ago
  You’re talking like America has control of Iran

deleted 7mo ago

[deleted]

mikewarot 7mo ago

I think that Trump has given Iran effective tactical control over 20% of the world's energy supply. It's highly likely that they will use this to get their country back on it's economic feet, definitely get the nuclear program finished, and force the end of the PetroDollar in the process. The appetite for the "boots on the ground" among the US public is almost zero. I doubt that even a large false flag would work at this point. The hardest part of Trump's 2 week war is going to be the first six years.

pinkblink 7mo ago
[flagged]
- toomuchtodo 7mo ago
  China has planned for and is insulated from petroleum supply chain disruption. https://www.theguardian.com/world/2026/mar/20/china-oil-reserves-global-energy-crisis https://www.theguardian.com/world/2026/mar/20/china-oil-rese...
  - JumpCrisscross 7mo ago
    > China has planned for and is insulated from petroleum supply chain disruption Planned for, yes. Insulated, no. China remains the world's largest importer of crude [1]. [1] https://www.worldstopexports.com/crude-oil-imports-by-country/ https://www.worldstopexports.com/crude-oil-imports-by-countr...
    - toomuchtodo 7mo ago
      Indeed, imports are for filling their ~1.3B barrel strategic reserve at favorable sanctioned priced imports. https://www.reuters.com/business/energy/china-targets-steady-oil-output-more-gas-stockpiling-five-year-plan-2026-03-05/ https://www.reuters.com/business/energy/china-targets-steady... https://en.wikipedia.org/wiki/Strategic_petroleum_reserve_(China) https://en.wikipedia.org/wiki/Strategic_petroleum_reserve_(C...

megamike 7mo ago

security should be built on domestic strength, specifically by securing our power grid and reducing global oil dependence. We have the technology, tools, solar, wind, advanced battery storage, nuclear power to make this happen. We have the wrong people in place to make this happen.

deleted 7mo ago
[deleted]
toomuchtodo 7mo ago
> “The main message is that we’re going to get the energy transition forced on us in a very painful way that’s going to happen very quickly. This forcing function will occur regardless of who is in power. The world (China, mostly) produces enough EVs, solar, and batteries to make it happen, it’s just a matter of economics and time. The people in charge today are temporary, the investments made in clean tech today will last decades. https://ember-energy.org/data/china-cleantech-exports-data-explorer/ https://ember-energy.org/data/china-cleantech-exports-data-e... (China is ~1/3 of global manufacturing capacity)
- Projectiboga 7mo ago
  The unraveling of the PetroDollar is happening. Japan jut agreed to pay Yuan for Iranian oil now. They were already using Yuan for Russian Oil.
  - solstice 7mo ago
    I'd like some credible source for the Japan claim, please. Per https://www.jluggage.com/blog/fact-check/japan-buying-oil-in-yuan/ https://www.jluggage.com/blog/fact-check/japan-buying-oil-in... it is a rumour.
  - leereeves 7mo ago
    > The unraveling of the PetroDollar is happening. Suppose that is true. Would it matter? Oil is rarely traded in Euros but the Euro is still a strong currency.

mitchbob 7mo ago

https://archive.ph/jfdlP https://archive.ph/jfdlP

chewz 7mo ago

You could also say that US finally finished with subsidizing Europe's and other allies lavish lifestyle... (via cheap oil and open trade routes). No more cheap vacations abroad, cheap food, cheap goods from far away.. I bet we will see $400 oil...

nojvek 7mo ago

The Q is does this accelerate solar and wind, or just makes life more miserable for everyone and we’re back to the same next election. US falling behind China. There’s a good possibility trillions allocated in datacenter buildout was misallocation of capital by markets.