logoalt Hacker News

spidericeyesterday at 2:09 AM7 repliesview on HN

[flagged]


Replies

YZFyesterday at 2:34 AM

Oil is a globally traded commodity so the US definitely does care. The US also does consume oil from the gulf.

That said this term is not going to be acceptable to anyone so it's likely not going to happen. It remains to be seen where we'll be after the two week ceasefire that Iran declared it would never accept (no ceasefire, only end of war). Iran certainly has some leverage but so does the US.

throwaway7783yesterday at 2:26 AM

So we go and say "a whole civilization will die tonight".

show 2 replies
epistasisyesterday at 2:28 AM

I don't think you understand how commodity markets work, in particular oil, which is easy to ship relative to extraction costs.

It literally doesn't matter where the oil comes from, it only matters how much gets shipped! Only an utter fool could say something like "closing off the strait of Hormuz doesn't matter because our oil doesn't come from there." One merely has to look at current US gas prices to see how utterly silly that notion is!

show 1 reply
abhiyerrayesterday at 2:14 AM

California is more reliant on foreign oil. https://www.energy.ca.gov/data-reports/energy-almanac/califo...

And seems about 23% comes from the Middle East. https://www.energy.ca.gov/data-reports/energy-almanac/califo...

show 1 reply
estearumyesterday at 2:13 AM

Funny how the only people who believe that are the people who have been wearing the red hats for years now

show 1 reply
skeeter2020yesterday at 2:59 AM

yeah, that's why the biggest single problem facing Trump right now is the price of gas at US pumps, which is weird because based on your understanding of global trade it hasn't gone up at all...

Onavoyesterday at 2:12 AM

Oil is a mostly liquid (pun intended) market.