tennessee storm
Member
Jesus Christ
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Misc This Means WAR
- Thread starter Rain Cold
- Start date
Crude futures are now up to 104.4
Shaggy
Member
Think we see $4.50 by months end if these stories are true
Just passed 105.
Ouch.
Downeastnc
Member
Definitely widespread, a plane blew in half, probably the one told about from several months ago and a shreaded tent, trailer and truck.
Y'all! Must see destruction!
Downeastnc
Member
What it shows is that we have not even come close to winning a war with Iran....a war we have been told over and over again Iran is incapable of fighting since they lost and we totally destroyed their military like 5 or 6 times nows. Gas will be pushing $5 and diesel is headed for $8 and its literally all for nothing.
Steven_1974
Member
That's certainly going to increase prices on food and such that is shipped via vehicles that use diesel since they're not going to eat costs.
Umm most of these pictures are likely old hence the can't determine age caveat under the pictures and secondly, the war is over and its all about them being a nuisance.
When your only source of reprieve is hoping you irritate consumers so much they change policians, that is the definition of losing.
Shaggy
Member
The war isn't over. Houthis now control land they didn't before. The strait is still heavily restricted, oil infrastructure and US bases continue to be targeted. How is that consider being "over"?
JHS
Member
Oh yeah, this is far from over. In fact, things are going to get far worse very soon. For anyone who remembers the 1970's, this will make those events look like a walk in the park.
Looks like they were right again lol. Nothing to do but laugh. Or cry.
My EV still costs the same to fuel as it did in 2024 but can't outrun the grocery store.
That’s very highly unlikely. Why?
-In the 1970s the U.S. was highly dependent on Middle East imports.
-Thus the 1973 OPEC oil embargo and the 1979 Iranian Revolution were huge problems for us.
-The US avg crude production in the 1970s was only ~9 million barrels/day.
-In stark contrast we’re producing nearly 14 million barrels/day thanks in large part to our great advances in fracking/shale oil.
-Thus we’re now a net exporter.
-Only a small portion of our imports goes through the Strait of Hormuz.
-That’s beside the fact that this war has been a huge mess and thus largely a failure from a big picture/strategic longer term viewpoint despite the earlier big tactical victories.
Petroleum in the United States - Wikipedia
Then and Now: The Oil Crisis (1979) and The Oil Crisis (2026)
A recording from Jonathan Alter and Julian Zelizer's live video
oldgoats.substack.com
How much of our own oil do we refine here?That’s very highly unlikely. Why?
-In the 1970s the U.S. was highly dependent on Middle East imports.
-Thus the 1973 OPEC oil embargo and the 1979 Iranian Revolution were huge problems for us.
-The US avg crude production in the 1970s was only ~9 million barrels/day.
-In stark contrast we’re producing nearly 14 million barrels/day thanks in large part to our great advances in fracking/shale oil.
-Thus we’re now a net exporter.
-Only a small portion of our imports goes through the Strait of Hormuz.
-That’s beside the fact that this war has been a huge mess and thus largely a failure from a big picture/strategic longer term viewpoint despite the earlier big tactical victories.
Petroleum in the United States - Wikipedia
en.wikipedia.org
Then and Now: The Oil Crisis (1979) and The Oil Crisis (2026)
A recording from Jonathan Alter and Julian Zelizer's live video
JHS
Member
We also use a lot more oil than we did in the 1970's due to population growth so that cancels out the higher production. I may be wrong here, but I think the US is having to help other countries that DO get most of their oil through the strait. Aisa and Europe are certainly not in good shape.That’s very highly unlikely. Why?
-In the 1970s the U.S. was highly dependent on Middle East imports.
-Thus the 1973 OPEC oil embargo and the 1979 Iranian Revolution were huge problems for us.
-The US avg crude production in the 1970s was only ~9 million barrels/day.
-In stark contrast we’re producing nearly 14 million barrels/day thanks in large part to our great advances in fracking/shale oil.
-Thus we’re now a net exporter.
-Only a small portion of our imports goes through the Strait of Hormuz.
-That’s beside the fact that this war has been a huge mess and thus largely a failure from a big picture/strategic longer term viewpoint despite the earlier big tactical victories.
Petroleum in the United States - Wikipedia
Then and Now: The Oil Crisis (1979) and The Oil Crisis (2026)
A recording from Jonathan Alter and Julian Zelizer's live video
About 60% of the crude oil that runs through U.S. refineries is extracted right here at home. However, our refineries run on many different types of crude oil, some of which we don’t produce here or can’t economically transport. In those cases, we use imports. Nearly 70% of our crude oil imports come from Canada (60%) and Mexico (7%).
88% of crude oil in U.S. refineries comes from North America
How much oil does the United States import (and why)?
About 60% of the crude oil that runs through U.S. refineries is extracted right here at home. However, our refineries run on many different types of crude oil, some of which we don’t produce here or can’t economically transport. In those cases, we use imports.
Because nothing you listed, you know actually does anything in the grand scheme of things?
I mean sure, the Houthis can disrupt oil and sea traffic for a short while, but at the end of the day everything that you mentioned is nothing more than a nuisance issue until the powers that be actually get fed up with them.
Iran on the other hand, while throwing pebbles at US bases, according to some articles are afraid to even enforce women wearing headscarfs due to possible backlash.
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Well Monday has was down to 3.79$
Today up to 4.49$ gallon! Had to stop by and see WTF was up! It’s starting to hurt and cause treacle plans to change at this price….
Today up to 4.49$ gallon! Had to stop by and see WTF was up! It’s starting to hurt and cause treacle plans to change at this price….
Crude futures have fallen back below $100 with them at $99.18, which is down $3.25 from yesterday.
Edit: oil prices, which fell on hopes that disruption to exports via a damaged Saudi pipeline may not be as severe as initially feared.
Edit: oil prices, which fell on hopes that disruption to exports via a damaged Saudi pipeline may not be as severe as initially feared.
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Downeastnc
Member
So we attack Iran....and then meet none of the stated objectives....drive gas and diesel to all time highs and then have abandoned our middle east bases because the totally annihilated Iranian military keeps attacking them. The once open strait is now for all intensive purposes closed and we are headed for real shortages of heating oil and other products as we head into winter.
So remind me again what have we the US citizens gained from this war other than paying thousands more for gas and groceries than we other wise would.
What have we as citizens gained for the wars over the last thirty years?
Oh I imagine the stated objectives will be met, Iran will not get a nuke and the government will indeed fall(replaced with a similar version that follows orders) Its the same old same old story the US has done forever.
The bases will be quickly rebuilt because it's just money and things in the middle east will go on like they have done in the past but American businesses will collect much more profit.
And if this is true, the Strait is definitely not closed.
Downeastnc
Member
The strait is not open, it is contested and dozens of ships attempting to transit it have been attacked or sunk...no where near enough oil is transiting the strait....even if it was half of what it was pre war it wouldn't be enough.
Key quote:
Seen several things about Kpler constantly upping preliminary data as time goes on.
But the point is if half is getting through it clearly states the Iran cannot for one, stop it all or having to make decisions on what to attack.
But if transits are happening in daylight, it shows tankers are becoming more brave and less concerned about Iranian control.
I follow TankerTrackers and they estimate that at least 10 mmg of oil gets out of the strait every day (still like 10% of the global oil supply)
Here we go again.
Russia has been firing drones at western Ukraine increasingly lately. Poland has had to scramble their fighter jets due to the drones near the Ukraine/Poland border.
