Iran War | Political & Economic Impacts

  • Thread starter Thread starter nycfan
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DOW down about 10% from the record high that Trump and the Trumpanzees caterwauled about…for about, what, a week?
 


“… Taylor Coleman, an oil-and-gas operations expert at CapturePoint, told me that pipelines are relatively easy to fix, but refinery equipment is another matter. Hydrocrackers—which heat up and pressurize heavy oils, to convert them to lighter fuel products—are made of metal that is a foot thick, and are built to withstand temperatures reaching thousands of degrees. “There are only two or three foundries that can even make castings and forgings for some of those vessels, and delivery times can be two, three, even four years,” he said. This equipment is too expensive to stock spares. “We don’t keep an entire plant laid down in a yard somewhere, just in case one blows up.” The insatiable electricity needs of AI means that if an oil-processing plant—which is also hungry for electricity—loses its transformers, it has to bid against, and get in line behind, technology companies that have already been waiting years for fulfillment.…”
 
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