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America has its own oil. Europe is buying it, which increases the price. To lower prices, America can help Europe get their oil back from the strait or it can
by trimethylpurine 7mo ago
America has its own oil. Europe is buying it, which increases the price.
To lower prices, America can help Europe get their oil back from the strait or it can ban sales to Europe both of which could make American oil cheap for Americans.
By not helping, Europe is screwing Americans. And, pretty soon, screwing Europeans too because Americans will be fed up with high prices. They will move to stop exports.
Where does that leave Europe?
- LtWorf 7mo agoAnd who created the problem in the first place? Also EU can be reached and bombed by Iran so we have more to loose than some army bases in the desert like you guys. I assure you that Europeans wouldn't support getting bombed because we had to help Trump make more money.
- trimethylpurine 7mo ago[flagged]
- LtWorf 7mo ago> The US shouldn't be expected to continue being victim to terrorism just so that Europe can have cheap oil. Uh?
- trimethylpurine 7mo ago[flagged]
- defrost 7mo agoThe USofA is refinery challenged, most of its sweet light goes direct to export ports, not to home soil light refineries. This is a challenge, not a simple switch that can be flicked overnight. See: https://www.fuelstreamservices.com/why-the-u-s-cant-use-the-oil-it-produces/ https://www.fuelstreamservices.com/why-the-u-s-cant-use-the-... for surface scratch intro to the issue.
- trimethylpurine 7mo agoBut the US already buys only 8% of it's oil from the Middle East. How long do you think they will care to help people that don't want to help themselves? It's more likely they will stop selling to Europe. If I had to guess, I think American oil companies that operate in the strait selling oil to Europe are the only reason the US is still working so hard to control the strait. It's a lot of money on the table. But it's certainly not for Americans, just for a few rich American oil companies and their European customers.
- ElProlactin 7mo ago1. Oil is a global market. Global supply and demand affects prices everywhere. 2. Oil isn't the only commodity that is at stake here. The closure of the Strait of Hormuz has disrupted the global helium supply, for instance, and helium is used in critical products Americans need. 3. Asia relies heavily on oil and other commodities that pass through the Strait of Hormuz. Asia is the factory of the world and manufactures tons of the goods that are exported to the US, from clothing to electronics. Obviously, an energy crisis in Asia has the potential to disrupt American supply chains. 4. The petrodollar system creates artificial demand for US dollars. This is a massive financial and soft power benefit to the US. If Atlas shrugs and the petrodollar system starts going away, the rebalancing/recalibration that takes place is not going to be very pleasant for Americans.
- trimethylpurine 7mo ago1. So the US is responsible for reclaiming a global market by itself? Or is the US required to be terrorized for 4 decades as a sacrifice for the global market? 2. And Europe doesn't need any? 3. But not European supply chains? 4. That's probably true. So the US is required to serve the EU with its military because the EU is their customer? I can think of several ways that the US can keep this position without the strait. But it's much more expensive for Europeans.
- ElProlactin 7mo ago
- the_overseer 7mo agoEurope is screwing Americans? That is rich. You started this fucking war you....
- trimethylpurine 7mo ago[flagged]
- ElProlactin 7mo agoIt's funny your link starts in 1979. Perhaps you should read about what the US did in Iran before that. Here's a teaser: in 1953, the US and UK instigated a coup that overthrew the Prime Minister of Iran. The goal: keep Iran from nationalizing British oil interests. The coup put the country in the hands of the Shah, who was basically a pro-Western dictator. In 1957, the Shah set up SAVAK, which was basically secret police. Per Wikipedia: > According to a declassified CIA memo citing a classified U.S. Senate Foreign Relations Committee report, the CIA played a significant role in establishing SAVAK, providing both funding and training. The organization became notorious for its extensive surveillance, repression, and torture of political dissidents. The Shah used SAVAK to arrest, imprison, exile, and torture his opponents, leading to widespread public resentment. This discontent was leveraged by Ayatollah Ruhollah Khomeini, then in exile, to build popular support for his Islamic philosophy. https://en.wikipedia.org/wiki/SAVAK https://en.wikipedia.org/wiki/SAVAK Two wrongs don't make a right but the US is by no stretch an innocent victim of post-revolution Iran. And now it appears the US is looking for a second bite of a poison apple.
- trimethylpurine 7mo ago[flagged]
- ElProlactin 7mo ago> But America has tried to make peace with Iran for 40 years. It's insane that you probably actually believe this. Go read up about the Iran-Iraq War. The US has had no interest in making peace with Iran.
- fastasucan 7mo agoSomeone is drinking the cool aid. >Where does that leave Europe? Where does it leave US without allies?
- trimethylpurine 7mo agoAllies? Doesn't look like it.