Economic ramifications of Israel/Iran conflict

We could simply not depend on that oil and open ours up. Our world doesn’t need to rely on them and others. Hence the tariffs

We don’t depend on that oil, Europe and Asia does. However, oil is an international market, so supply disruptions over there will inevitably cause prices to rise everywhere else.

quote:

---

We could simply not depend on that oil 

---

We don't depend on it now but other countries do. Oil is a world market hence why JP Morgan said prices could reach $130. Not to mention we couldn't fully replace Iran's supply and what we could increase would take months.


"If Iran's oil supply is disrupted, the U.S. has the capacity to partially replace it, but fully offsetting the loss would be challenging and depend on several factors. Iran produces around 3.3 million barrels per day (bpd), about 3% of global supply, with exports over 2 million bpd, mostly to China.

U.S. Capability:

The U.S. is the world's largest oil producer, with output around 13 million bpd in 2024, and has significant spare capacity. However, ramping up production quickly is constrained by infrastructure, investment, and logistics.

U.S. shale oil, primarily from the Permian Basin, can increase output, but scaling up by 2–3 million bpd would likely take months, not weeks, due to drilling and completion timelines.

quote:

---

If we opened up our own oil along with Canada we should all be paying a $1 Couldnt we also just be the worlds supplier raking in so much money

---

Correct. But here we are having simps worry about global prices. frick them we have the most powerful military yet we are suckers.

Its really incredible. I start to think that King Orange should just take both Can/Mex make it the Amero and rule as a constututional monarch

If monkeys could fly out......

They might as well have started the article with "sources say".....

China needs to worry not the rest of the world, and the rest of the middle east can take up that slack.

Straits of Hormuz.....didnt the houthis just beg the US to stop slapping their arses like a well used horse? Yeah they want no part of it, and since Iran cant even protect shat in their own town I doubt they will venture there either.

quote:

---

We could simply not depend on that oil and open ours up.

---

It's a global fungible commodity you retard

We're already a net exporter. That still doesn't change the calculus on prices.

Another spam post by Chicom John.

Grok says once again you are a fricking retard.

LINK

Seriously, run every tweet you see that makes your little pecker hard through grok before you run to TD to start a thread.