Iran War | Political & Economic Impacts

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nycfan said:
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LOL. That's simply not true, Jesse. About 8% of our oil comes through the Persian Gulf, and we got even more just a decade or so ago. And even if we don't get as much oil as we used to through the gulf, many of our traditional allies do and yes, we ought to care that oil from the gulf is still vital for our allies. The notion that we might help Iran and tax oil shipments through the Persian Gulf - thus profiting from our allies - is just mind-boggling, given that we just bombed Iran to supposedly reduce their power and influence in the Middle East. Not that Iran will actually share any profits with us, as they have no need to. This is likely just another bullshit proposal from Trump to make his base feel like he's being successful rather than humiliated.
 
Mulberry Heel said:
LOL. That's simply not true, Jesse. About 8% of our oil comes through the Persian Gulf, and we got even more just a decade or so ago. And even if we don't get as much oil as we used to through the gulf, many of our traditional allies do and yes, we ought to care that oil from the gulf is still vital for our allies. The notion that we might help Iran and tax oil shipments through the Persian Gulf - thus profiting from our allies - is just mind-boggling, given that we just bombed Iran to supposedly reduce their power and influence in the Middle East. Not that Iran will actually share any profits with us, as they have no need to. This is likely just another bullshit proposal from Trump to make his base feel like he's being successful rather than humiliated.
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Yea
If persian gulf oil is something we don't need-why is gas up a buckkfify
 
Mulberry Heel said:
LOL. That's simply not true, Jesse. About 8% of our oil comes through the Persian Gulf, and we got even more just a decade or so ago. And even if we don't get as much oil as we used to through the gulf, many of our traditional allies do and yes, we ought to care that oil from the gulf is still vital for our allies. The notion that we might help Iran and tax oil shipments through the Persian Gulf - thus profiting from our allies - is just mind-boggling, given that we just bombed Iran to supposedly reduce their power and influence in the Middle East. Not that Iran will actually share any profits with us, as they have no need to. This is likely just another bullshit proposal from Trump to make his base feel like he's being successful rather than humiliated.
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Anything that raises oil commodity prices affects the US, industry, and our traditional allies.
 
mpaer said:
Yes
And so any pisswhiningbragging about how Energy Independent the USA is a crock of manure
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In addition, let's say we sell some of our oil to China in exchange for access to reasonable prices on precious metals. That's how bartering and markets work. If the US is on an isolationist island with tariff moats like the 1930s, that leads to economic implosions, dust bowls, unemployment disasters, etc.

Open, unimpeded markets foster synergistic co-dependencies that make wars bad for business. Hell, Trump is proving that adage in reverse now!

Trump is simply reliving his childhood. He's just parroting the BS his grandfather spouted off at family gatherings in Queens in the early 1960s. Basically, Archie Bunker macroeconomics.
 
Duke Mu said:
In addition, let's say we sell some of our oil to China in exchange for access to reasonable prices on precious metals. That's how bartering and markets work. If the US is on an isolationist island with tariff moats like the 1930s, that leads to economic implosions, dust bowls, unemployment disasters, etc.

Open, unimpeded markets foster synergistic co-dependencies that make wars bad for business. Hell, Trump is proving that adage in reverse now!

Trump is simply reliving his childhood. He's just parroting the BS his grandfather spouted off at family gatherings in Queens in the early 1960s. Basically, Archie Bunker macroeconomics.
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Trump and his whole MAGA base is still stuck mentally in the 1950s and 1960s. At some fundamental level these are people that hate living in 21st Century America. The entire MAGA, Trumper movement is profoundly reactionary - they're always looking backward, not forward, because they're afraid of what they see coming down the pike, demographically and otherwise.
 
Mulberry Heel said:
Trump and his whole MAGA base is still stuck mentally in the 1950s and 1960s. At some fundamental level these are people that hate living in 21st Century America. The entire MAGA, Trumper movement is profoundly reactionary - they're always looking backward, not forward, because they're afraid of what they see coming down the pike, demographically and otherwise.
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living in the 50s and 60s, yet refreshing Facebook like it is going out of style for that sweet sweet russian misinformation.
 
altmin said:
living in the 50s and 60s, yet refreshing Facebook like it is going out of style for that sweet sweet russian misinformation.
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Yeah, the fact that they're mentally and culturally living in an earlier age while using the net and social media to live in that little bubble is one of the more bizarre aspects of modern American society and politics. You can see it all the time on Facebook pages (often AI generated) that venerate the 80s or 70s or 60s or 50s and people will post about how much better that time was than today and how everything was better and more wonderful back then, and yet they're talking endlessly about it on a social media platform swamped with misinformation, fake news, fake data, AI-generated crap, trolls and bots, and so on. The contradictions simply escape them.
 
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