If you or your firm handles trucking or mining or tractors or something like buses, stock up on additives where the vast majority of production (like brake fluid, AdBlue (DEF) and gear oil) is Asian now before they get even more expensive. To give a sense of perspective, I've seen prices for transmission fluid and antifreeze almost double month-on-month in England where I am.
But one thing, higher oil prices may get the US to really get working to avoid Climate Change. Yes, some progress has been made, but real CO2 emissions is increasing. The only time it decreased a bit was during the Covid Shutdown.
But one plus may occur, higher price of oil.
Yes, higher prices will cause suffering with the poor and middle classes, but that suffering pales in comparison to what +1.5C will cause. We are already on track for more then 2C. Suffering from that will be far worse than $150 USD price per barrel. Better to take a small hit now and hope it can keep us below 1.5C then trying to live with 2C.
Yes, I posted this knowing it will be down-voted, but cheap oil only makes +3C guaranteed to happen. Who cares about the young anyway /s
That is how people think about high oil prices.
If oil was to go to zero people would stop pumping it and burning it (for that to happen the alternatives have to be cheaper/better). That is what will fix climate change in the US.
As for the bigger picture — yes, higher prices for oil might spur extraction in regions outside of the middle east, but that's a local only viewpoint. Globally, higher oil prices reduce consumption and make green alternatives more attractive on net.
this is going to destroy world economy on every angle
fuel and now food
it's like the Israeli's figured out the answer to their problem was to make it everyone's problem
how about we stop giving them offensive weapons, defensive only or we'll be going through this every decade
Not that Israel is perfect, but there is plenty of blame to go around and recognizing that reality is required before we can even try to think of a solution. (I don't have one)
It is up to you to decide where justice lies.
Oil prices were around $100 for a lot of the early 2010s. It's been three weeks. Calm down.
This will likely lead to destruction of energy infrastructure across the Gulf from tit-for-tat attacks leading to the worst case scenario that everyone has been warning about - the complete destruction of all energy infra across the Gulf. Iran's trump-card was exactly this - they've given written letters that this is what their response would be if their energy infra was harmed.
This is extremely serious - this is going to wreck Asia. I'd not be surprised if significant percentage of people in places like India die from famines (think 100s of millions), lack of electricity and supply-chain issues if this goes where the mad apocalypse-obsessed suicidal Zionists in Israel/US are pushing this.
Do you really need the "blood-sacrifice" of the Asian "pagans" for your silly eschatological larping ? Eesh.
Energy prices factor into everything else, so there literally will be a lot more than higher oil/fertilizer prices.
The end of civilized relations between countries is a sign of sick and dying civilization and we are there already, plenty of other evidence too.
> even if it causes famine in poorer countries.
So compassionate of you.
A couple years from now when you are shivering in a cave you aren't going to be thinking "I may not have hoarded enough ivermectin but at least I got the last word on that HN thread".
Yeah, and don't forget, this is all about helping the environment and the Iranian people, freeing them from that pesky and unnecessary for life energy by releasing some much needed smoke. /
Whose?
Iran's South Pars Gas Field Is Attacked by Israel, Sending Energy Prices Soaring
fla10212•1h ago
It is a great plan. The Gulf Monarchies are weakened (that is what you get for your Trump bribes ...), the EU is weakened, and the US controls all energy flows.
China can use the land route to Russia. The EU is going to commit economic suicide instead.
cyberax•1h ago
mlsu•1h ago
OgsyedIE•59m ago
mkoubaa•59m ago
CamperBob2•55m ago
Eventually nobody will want the job.
jkestner•52m ago
_trampeltier•56m ago
M3L0NM4N•36m ago
badpun•56m ago
joezydeco•44m ago
jjgreen•31m ago
WJW•55m ago
Finally, both Nordstream 1 AND Nordstream 2 still have a gaping holes in them from the bombings so restarting deliveries will probably take several years at least.
All in all, this plan gets only a 2 out of 10 for being impractical, too slow AND depending on factors outside our control. 1 point because it does at least sound spy-ish and proactive.
pphysch•51m ago
It may have been true in the case of Maduro, but the jury is out (we also "decapitated" Hugo Chavez in the early 2000s but he came roaring back).
It is emphatically not true in the case of Iran, Russia, China, DPRK or any state that has been truly sovereign for a couple generations. These states have deep political power structures that don't rely on the whims of one individual.
thenthenthen•36m ago
skeeter2020•14m ago
reillyse•24m ago
A better idea is to try to get Russia to join the EU and use an open market to exert control over the more extreme behaviors and tendencies in Russia. A lot of Russian behavior is based on paranoia (completely justifiable paranoia when you see the way the US is behaving) so perhaps having them in the European fold will chill them out a bit - obviously this is far fetched but it's at least a way to fix this long term.
SV_BubbleTime•1h ago
Sorry, but this will never not be not amusing. Where Trump being a stopped clock warns the UN about relying on foreign energy and the German delegation laughs as they were shutting down their nuclear and increasing reliance on Russia for energy.
https://m.youtube.com/watch?v=FfJv9QYrlwg
fla10212•53m ago
Trump is completely inconsistent anyway. First he blamed the EU for wanting to continue the Ukraine war. Then he periodically floats lifting Russia sanctions. But if the EU were to lift Russia sanctions, that of course would lead to severe repercussions.
Trump is about economic suppression of the EU.
If you say "nuclear energy". The US has imported Russian uranium to at least 2025.
1718627440•4m ago
There is no case of they just needed to pay attention earlier. The problem is known. There is just no good solution. Drastically scaling back energy consumption isn't going to happen any time soon and would harm the economy. So we can choose between Russia, the Middle East and the USA. Best would be of course to reduce fossil use, but that is orthogonal.
epistasis•58m ago
Deals done in Yuan will still get through Hormuz. EU could switch currencies for fossil fuels, get their energy, and further lessen their dependence on a US that expresses nothing but hate and disgust for the EU.
mkoubaa•57m ago
He did say he wanted regime change after all
spankalee•54m ago
bluGill•39m ago
loudmax•52m ago
Let's be real here. Nothing this administration ever does is planned.
fla10212•50m ago
krior•32m ago
fla10212•27m ago
onedognight•24m ago
You are joking, right? Project 2025 has achieved 50% of its goals in record time[0]. Trump disavowed both it and invading Iran, but make no mistake. Both were “the plan”.
[0] https://www.project2025.observer/en