logoalt Hacker News

markvdbtoday at 2:34 PM10 repliesview on HN

No. A cynic might think a significant part of this half-arsed Iran war was:

- make sure fuel prices increase globally

- The US economy is relatively well-shielded from the fallout by its own fossil fuel sources, local and in colonies like Venezuela.

- export more US fossil fuels, especially to Europe, at inflated prices. US insiders reap the profits.

- further kneecap European competitiveness in energy intensive sectors, steal market share. Oh well, small gift to China here too, but still a net win for the US.


Replies

noelsusmantoday at 2:47 PM

It's nice to think there was some sort of plan, but the truth is much scarier.

show 4 replies
hebelehubeletoday at 2:37 PM

The US sells oil and refined products to other countries. So a supply crunch would raise prices even there too. Everyday Americans are not getting fuel for cheap.

show 1 reply
Art9681today at 2:58 PM

Realpolitik might just be the best way to do things after all.

show 1 reply
Al-Khwarizmitoday at 2:52 PM

Sure, if you make oil prices increase, US oil companies and their shareholders rake in more cash. But it's harmful for the average American because filling up the tank costs a lot more. Then that price hike spreads to everything else that relies on oil (which is pretty much everything) leading to inflation and rising interest rates (already starting to happen, the shielding you mention doesn't seem to be working, which makes sense in a relatively free-market economy). If the situation drags on, unemployment rises due to soaring costs across the board, and the economy goes to hell.

A rise in crude prices might pay off for a small country that lives almost exclusively off it (say, Saudi Arabia, in the hyphotetical case that it could keep exporting as normal) but for the US? I don't think it does. Surely, Europe is more exposed than the US and will suffer even more, but this is not a zero-sum game.

So I don't think it's an elaborate plan, it's just Trump being reckless as usual.

show 2 replies
watwuttoday at 2:37 PM

I just dont think these guy are even capable to plan that much.

show 2 replies
epolanskitoday at 2:58 PM

You're missing a key part: energy prices in US go up too. It doesn't matter if US and its colonies are net producers.

show 1 reply
wins32767today at 3:16 PM

Its almost like not having meaningful power projection capabilities when you rely on imports for essential industries is not good!

jimbokuntoday at 3:35 PM

You honestly think the Trump administration is intelligent enough to think all of that through and execute it?

llm_nerdtoday at 3:34 PM

The US is the world's most vulnerable economy to oil shocks. I mean the real economy, not the farce that the markets currently are.

The Venezuela comment is extremely weird. You know Venezuela has negligible production, right, and that it would take 100s of billions of investments, over decades, to get reasonable production that would make a difference. That's ignoring that currently there is a laughably illegitimate puppet government -- literally just Madero's government minus him, as they did the coup with the US -- that has a 100% chance of a violent overthrow in the future. Which is exactly why all of the oil companies are shrugging and saying no thanks.

Venezuela is a farce -- much like $5000 "dividend" for a government literally on the precipice of bankruptcy, as Bessent runs around, near tears, trying to convince everyone that they're the house and he's the big dog German Shepherd instead of the face of a failing empire having its last pathetic gasp, to laughter all around -- that Trump thinks gives him leverage against Canada. It is unbelievably pathetic business, like renaming a 400+ year old name on a lake like a little bitch.

There is zero scenario where this has benefitted the US, but a drunkard incompetent secdef (sorry "secwar") convinced a foolish demented rapist, who already had Israel whispering in his ear, how easy and painless this foolish debacle will be.

ROFL.

EGregtoday at 2:39 PM

This was clearly a secret attempt of Trump's to be the world's best president for getting off fossil fuels and moving to renewables. The man is playing 7 dimensional chess bro!

When all is said and done it will be he, not AOC or Bernie or any "Green New Deal" folks, that will be remembered by history as the president who did more to get people off fossil fuels than any other.

show 2 replies