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All out war between Israel & The Iran could disrupt Oil Supply & cost Americans thousands
Posted on 10/4/24 at 10:29 pm
Posted on 10/4/24 at 10:29 pm
In a worst-case scenario, the average American family could face an increase of $7,650–$14,950+ per year in living expenses, leading to a 15–30% rise in overall cost of living. This would have severe economic and social consequences, potentially triggering broader financial instability and a prolonged period of economic hardship for many households.
The described scenario could indeed lead to a global economic depression if the conflict results in a prolonged disruption of oil supplies and an extended period of high energy prices. The defining characteristics of a depression—such as a severe decline in economic activity, widespread unemployment, deflation or hyperinflation, and prolonged economic stagnation—could emerge.
Sustained high oil prices would have a cascading effect on all sectors of the economy. If inflation runs unchecked, central banks may raise interest rates sharply, leading to a deep recession. High energy prices could lead to a wave of bankruptcies and defaults, causing financial markets to seize up.
A collapse in global trade due to high energy prices and geopolitical instability could lead to shortages of critical goods, disrupting production and consumption worldwide.
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The described scenario could indeed lead to a global economic depression if the conflict results in a prolonged disruption of oil supplies and an extended period of high energy prices. The defining characteristics of a depression—such as a severe decline in economic activity, widespread unemployment, deflation or hyperinflation, and prolonged economic stagnation—could emerge.
Sustained high oil prices would have a cascading effect on all sectors of the economy. If inflation runs unchecked, central banks may raise interest rates sharply, leading to a deep recession. High energy prices could lead to a wave of bankruptcies and defaults, causing financial markets to seize up.
A collapse in global trade due to high energy prices and geopolitical instability could lead to shortages of critical goods, disrupting production and consumption worldwide.
This post was edited on 10/4/24 at 10:31 pm
9
Posted on 10/4/24 at 10:30 pm to RiverCityTider
Strategic reserve go burrrrr
Posted on 10/4/24 at 10:32 pm to RiverCityTider
I have a Ford Lightning. I don't care about no stinkin' oil prices. I'll put some solar panels on the roof.
Posted on 10/4/24 at 10:34 pm to Deuces
The SPR's current capacity would only cover about 18 days of U.S. oil consumption, the lowest in 40 years
Posted on 10/4/24 at 10:36 pm to RiverCityTider
If only we were energy independent like we were under Trump. 
Posted on 10/4/24 at 10:37 pm to RiverCityTider
I can’t take any more good news.
Posted on 10/4/24 at 10:49 pm to RiverCityTider
Oilfield baws truck nuts
[ON] OFF
[ON] OFF
Posted on 10/4/24 at 10:51 pm to genuineLSUtiger
A new depression could be far worse than the Great Depression of 1929 due to modern vulnerabilities in food supply chains, urbanization, and financial systems. Today’s globalized food supply chains mean that disruptions in one region can quickly lead to shortages and price spikes across the world, especially in areas dependent on imports. Urbanization has left a majority of the population detached from local food production, making urban centers highly susceptible to supply chain breakdowns and food insecurity. This would create rapid declines in living conditions and social stability, especially in densely populated cities.
Additionally, the modern economy’s complex financial interdependencies and high debt levels make it more prone to systemic risks. A major economic downturn could lead to widespread defaults and banking failures, triggering a deeper and more prolonged crisis than in the 1930s. Societies today are also more politically polarized, making coordinated responses to a crisis difficult and increasing the risk of social unrest and political instability. If severe resource shortages occur, geopolitical tensions could escalate into conflicts, further compounding the economic damage and hindering recovery efforts. These factors collectively make modern society more fragile and potentially unable to withstand a severe and prolonged depression.
Additionally, the modern economy’s complex financial interdependencies and high debt levels make it more prone to systemic risks. A major economic downturn could lead to widespread defaults and banking failures, triggering a deeper and more prolonged crisis than in the 1930s. Societies today are also more politically polarized, making coordinated responses to a crisis difficult and increasing the risk of social unrest and political instability. If severe resource shortages occur, geopolitical tensions could escalate into conflicts, further compounding the economic damage and hindering recovery efforts. These factors collectively make modern society more fragile and potentially unable to withstand a severe and prolonged depression.
Posted on 10/4/24 at 10:52 pm to Tiger Prawn
Let's build some new oil rigs in the Gulf
Posted on 10/4/24 at 10:54 pm to RiverCityTider
Greenchilitard always posts how we are just dominating with oil
How could it rise due to this
How could it rise due to this
Posted on 10/4/24 at 10:55 pm to MrLSU
quote:
Let's build some new oil rigs in the Gulf
They will never be ready in time
Posted on 10/4/24 at 11:01 pm to RiverCityTider
The war contractors and the politicians who vote for war will profit bigly.
You worthless, weak, impotent Americans are irrelevant.
What are you gonna do about it? Nothing.
The United States is for the taking. Your income is for the taking. Your bill of rights is for the taking.
The USA is a joke
You worthless, weak, impotent Americans are irrelevant.
What are you gonna do about it? Nothing.
The United States is for the taking. Your income is for the taking. Your bill of rights is for the taking.
The USA is a joke
Posted on 10/4/24 at 11:06 pm to SDVTiger
quote:
Greenchilitard
poor green chili tard
Posted on 10/4/24 at 11:07 pm to RiverCityTider
Is that a pic of Fidel, Maggie, and young Justin Turdeau?
If the world is gonna burn, I wanna go out sucking an attractive brunette's titties too.
If the world is gonna burn, I wanna go out sucking an attractive brunette's titties too.
This post was edited on 10/4/24 at 11:08 pm
Posted on 10/5/24 at 1:29 am to RiverCityTider
quote:This is a good example of the three types of lies: lies, damn lies and statistics.
The SPR's current capacity would only cover about 18 days of U.S. oil consumption, the lowest in 40 years
The SPR was never intended to provide 100% of the US’ crude supply. It was created in order to supplement the US own domestic oil production if foreign supplies were reduced or cut off.
The last I looked the US produces over 90% of the crude it consumes.
But I have to say your doom and gloom posts in this thread are amusing…
Posted on 10/5/24 at 4:42 am to LSURussian
Keep trying fool. You'll get your Armageddon.
Posted on 10/5/24 at 4:47 am to RiverCityTider
LA/TX/OK finna eat
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