Today’s Brent Crude Futures price!

[Jake Starkey]

Is the sky falling, Chicken Little?

YOU don't have any foresight. You don't see how oil prices (later this year) will be even cheaper than they were a few weeks ago.

For much of the country, it seems as if the sky is falling. And you have no proof of your suggestion. You are hoping the water level will fall before you drown.

 

[Into the Night]

Wrong again (https://apnews.com/article/iran-war-hormuz-oil-shipping-49a1901c35cf2507830776a29706cf98), how come no one is surprised

Fake news. The Strait is not blocked, anchovies.

Cost of oil, duh, try to keep up if you are going to post, then again, you don’t

The price of oil is down. Source: NYMEX

They are not, (https://www.wsj.com/world/middle-ea...g-more-oil-today-than-before-the-war-ede3cd91), in fact, Iran is shipping more oil than they did before the war, all to China

Paradox. Irrational. You cannot argue both sides of a paradox, anchovies.

As I noted, you don’t post

I post quite a lot, anchovies...including this one.

 

[Into the Night]

That's part of why polls are largely meaningless. Any little change in the way that a question is asked will affect the results.

If "the war" (the military operation) would only last for days/weeks, then the vast majority of people support it. If it would last for months, then it's closer to 50/50. If it would last for years, then the vast majority of people oppose it.

That actually tracks with my own mind. I'm okay with a quick military operation (days/weeks). I'm not okay with "forever wars" (years).

This would be closer to the truth if "the war" were to last for years instead of weeks.

Trump is working to END the 'Forever War" that Iran has been pursuing.,,and he's succeeding!

 

[Jake Starkey]

If the FEAR MONGERING continues, they will go up.

Made up number. Most US citizens support "this war" so long as it only lasts weeks instead of months or years.

Questioning policy is good Americanism. Accepting without checking is MAGAmuttism.

 

[Into the Night]

Oh, so it hasn't occurred to your stunted little midget brain that this might be just the beginning?

The beginning of what, Sybil?

I'm not surprised because you low-educated MAGAturds have never had much in the way of foresight or common sense, etc.

MAGA is not a person, Sybil.

Go outside and look, MAGAturd.

MAGA is not a person, Sybil.

It could be falling on your head sooner than you think....

Wha? Rain? I live in the PNW, Sybil. It rains here a lot.

 

[Jake Starkey]

With what navy?

Mines and air strikes. You don't read and research, do you?

Your behavior does not support the troops and America.

 

[Into the Night]

Has stopped thru the Strait of Hormuz, which accounts for over 20% of the world’s oil, that is devastating by any measure, and sure, there are other points of access, but the overall cost of oil rises proportionately, which rocks the world’s economy

Ships are still passing through the Strait of Hormuz, anchovies.

So you are saying it is a prolonged war, that in the end Iran only has “a collection of cockleshells and hobbled together nonsense” and it won’t do the trick, but it is working now, effectively

What war?

 

[Into the Night]

Because now he is out now after the fact trying to convince everyone it will only be a “brief increase,” trying once again sell his overall agenda

After what fact, anchovies? Increase of what? What 'agenda' are you talking about?

What is the “long term?” That is the point of the thread, who knows what the “long term” is, TruLonmp seemingly daily is redefining his “long term”

Long term of what, anchovies?

 

[Into the Night]

Questioning policy is good Americanism. Accepting without checking is MAGAmuttism.

Try English. It works better.

 

[Into the Night]

Mines and air strikes. You don't read and research, do you?

Your behavior does not support the troops and America.

With what navy?
With what airforce?
What troops?

What are you talking about, Sybil?

 

[Monad Portal]

No, we haven't "won." Nor has Iran lost. Iran just is in no position to make much of an offensive effort and the outcome largely lies with how determined Trump is to win as well as how much tolerance the US public has for this war. Right now, outside Democrats and the Left I'd say it's somewhere between support and indifference. Only Democrats and the Left are set against it.

I deleted my previous response.

It was based on anger.

I reread this, its kind of just a statement of things.

 

[archives]

Fake news. The Strait is not blocked, anchovies.

The price of oil is down. Source: NYMEX

Paradox. Irrational. You cannot argue both sides of a paradox, anchovies.

I post quite a lot, anchovies...including this one.

Fake news

Wrong

Idiocy

Nah, just dismissive irrelevancy

 

[Walt]

Which is why oil shipped to Europe does not use supertankers.

A lot of the oil shipped from the Persian Gulf to Europe uses supertankers. Many of the Suezmax ships only fit in the Suez when they are empty(on the return trip), and so have to go around the Cape with their oil. Even those that can fit through the Suez when full can easily go around the Cape.

Has the oil stopped? No. It is being rerouted via pipelines to other destinations.

Saudi Arabia doesn't use the Strait of Hormuz, Wally.

The East-West Pipeline has a capacity of 5 million barrels a day, though it is doubtful it could ever meet that capacity. That means the majority of Saudi oil must go through the Strait of Hormuz. The Jordanian Pipeline might be able to handle another million barrels, but that leaves about 20 million barrels that must flow through the Strait of Hormuz.

And those pipelines are easy to hit with drones. They would be repairable in a few days, but then could be knocked out again. It could be a real mess.

Opening Venezuela's oil back on the market

Just as a reminder, the thugs in Venezuela oppressing the people are out in force, and now you are talking about getting them more money to oppress the people?

 

[Into the Night]

Idiocy

Nah, just dismissive irrelevancy

Yup. That's what you do.

 

[Into the Night]

A lot of the oil shipped from the Persian Gulf to Europe uses supertankers.

Nope. Doesn't use supertankers, Wally. Just regular ole' tankers.

Many of the Suezmax ships only fit in the Suez when they are empty(on the return trip), and so have to go around the Cape with their oil. Even those that can fit through the Suez when full can easily go around the Cape.

No need, Wally.

The East-West Pipeline has a capacity of 5 million barrels a day, though it is doubtful it could ever meet that capacity.

Which east-west pipeline, Wally? A lot o f pipelines are called 'east-west'.

That means the majority of Saudi oil must go through the Strait of Hormuz.

Ah. You must mean the Habshan–Fujairah oil pipeline. This pipeline is a converted natural gas line that now transports crude oil. It's capacity is 7 billion BPD. It's currently transporting 5 billion BPD. It does not transport Saudi oil. Saudi Arabia is already on the Suez canal. The pipeline provides services for Iraq and Kuwait.

The Jordanian Pipeline might be able to handle another million barrels, but that leaves about 20 million barrels that must flow through the Strait of Hormuz.

The Strait is still open to shipping, Wally.

And those pipelines are easy to hit with drones.

Nope. The UAE can easily defend it's own pipeline.

They would be repairable in a few days, but then could be knocked out again. It could be a real mess.

Nope. The UAE can easily defend it's own pipeline.

Just as a reminder, the thugs in Venezuela oppressing the people are out in force, and now you are talking about getting them more money to oppress the people?

Venezuela is not in the Middle East, Wally.

 

[Tbird19482]

Trump wants us to spend another 300 Billion or more building another refinery that is fine , what we need to do is build one that can refine Tar sand oil from Canada.
As it is now they are sending a lot of it to China.
Canada has a lot of it and as of now we don't use it, it can be made into the type of gas we use so why not?

 

[ThatOwlWoman]

If the ME oil infrastructure burns it will take many years to build back.

Iran is hitting refineries in other ME countries. You're right. You can't run out and get replacement parts for that at Home Depot.

 

[ThatOwlWoman]

Questioning policy is good Americanism. Accepting without checking is MAGAmuttism.

Ra-men. The epitome of patriotism is seeing what's going wrong with your country, speaking out about it, and trying to fix it.

 

[Monad Portal]

Trump is working to END the 'Forever War" that Iran has been pursuing.,,and he's succeeding!

what's he doing right now?

Ra-men. The epitome of patriotism is seeing what's going wrong with your country, speaking out about it, and trying to fix it.

like enabling massive Minnesota fraud?

 

[ThatOwlWoman]

Trump wants us to spend another 300 Billion or more building another refinery that is fine , what we need to do is build one that can refine Tar sand oil from Canada.
As it is now they are sending a lot of it to China.
Canada has a lot of it and as of now we don't use it, it can be made into the type of gas we use so why not?

Because of expense, environmental concerns, transportation issues (we already nixed the XL tar sands-carrying pipeline for those two latter reasons). We produce enough crude to cover our domestic needs. The problem is that it's a global commodity so if the oil companies can sell it overseas for more than they'd get keeping it at home, they will.