Can the world get its supply of oil by bypassing the Strait of Hormuz?

https://www.firstpost.com/explainers/iran-war-strait-of-hormuz-blocked-possible-alternatives-oil-gas-supply-13989112.html

20•bitwank•2h ago

Comments

verdverm•1h ago

tl;dr https://en.wikipedia.org/wiki/Betteridge%27s_law_of_headline...

Many other things pass through the straight besides oil

atoav•1h ago

*Can the world have an American President that for once doesn't start pointless wars to distract from internal scandals?

the_gastropod•1h ago

For once? Didn’t our previous president just clear this cynically low bar?

netsharc•32m ago

Ok, so in your genius reality, did Biden start the Russia-Ukrainian war or the Israeli genocide? Or am I just too dumb and interpreting your oh-so-clever sentence wrong?

I'm also curious if you could explain the logic more than "Just so your own research man"...

marssaxman•1h ago

It'd be nice if we could take a few years off from having a president at all - just rest, recover, and start to clean up the mess.

throwaway27448•1h ago

> to distract from internal scandals

This is ignoring fifty years of trying to start this war. Even blaming Israel doesn't entirely make sense. A large segment of capital in the US truly wants this war to happen (as foolish as that may seem to rational humans). It is not simply a distraction.

Or to put it another way, the Trump administration is characterized by dozens of scandals of bungled governance, each distracting from the next. Determining which is the "root" thing being distracted from is pointless.

wat10000•1h ago

Tautologically yes. Whatever the world gets is its supply. Depending on how much can be done to bypass the Strait, that supply may diminish substantially. Already has, I suppose.

It would be nice if this was the thing that finally kicked governments into gear to get off our reliance on oil. But I don’t think 20% is quite big enough to make that happen.

bethekidyouwant•18m ago

By what banning driving?

fhub•1h ago

For a less simplistic look at a similar question I'd recommend this article.

https://hyperfocusinhalifax.substack.com/p/why-arent-oil-pri...

alecco•1h ago

Eventually, yes. But 1) it's not a magic tap on/off, 2) refineries are specialized for specific types of oil, 3) a lot of ships are stuck there, 4) wells and refineries usually take a long time to restart.

Serious oil traders are saying it will take months or even more than a year to get back to normal.

The only thing containing prices at the moment is many exporters sold futures to lock-in prices for the rest of the year (it wasn't market manipulation as many suspected). But once they are sold out we'll have some interesting price discovery.

https://www.tradingview.com/symbols/ICEEUR-BRN1!/forward-cur...

https://www.tradingview.com/symbols/NYMEX-CL1!/forward-curve...

dyauspitr•27m ago

But how? Iran is right next door. They can target any mode of getting oil out of there. Not just the strait of Hormuz but any pipelines that lead away from the region can just as easily be targeted. One Shahed to the pipeline is all it would take.

Detrytus•14m ago

In theory yes, but in practice those drones would have to take a really long flight over enemy territory giving more opportunities to shoot them down. And it’s not like they are difficult to shoot down, they are cheap crap, their only advantage being that there’s a lot of them

senectus1•5m ago

all of this is assuming the US and israel will LET this new bypass go unhindered.

ZebusJesus•1h ago

Is it possible yes, is it feasible absolutely not

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