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The oil shock is about to hit America

LAB3

LAB3

Forum Sage
Past Site Supporter
Here's a very well presented and level headed look at the current situation with global oil prices and how it will soon be affecting The U.S.

My best bet is that the usual suspects will see to it that this thread decays into something that'll be moved into The Vortex, in the meantime the fully functioning adults among us may find this interesting.

https://youtu.be/f353QO5Dgus?si=W9meOTqqzFcQehGL
 
An informed and well presented opinion. It is borderline Vortex but I think its value to members broadly is worth keeping it here for now. Its predictions are near term so we will know in two weeks or so how accurate he is.

I like that he states he could be wrong while providing the facts and reasoning on which his conclusion is based. Too often the opposite is true. Presenters insist they are right but provide no actual evidence to support their claims.
 
It's usually the "What ifs" that instill the most doubt but the basic fact remains. If you abruptly take between 8% to 13% of the supply of anything out of the market then the down stream effects are bound to be severe.

If the price of beef goes up you can switch to pork or chicken without much problem or if Walmart becomes disliked for some reason you can go to another retailer but in the case of oil there is no quick switch to make up for what's been lost.
 
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Here's another well researched and presented piece to go along with the video that started the thread. It does a really good job at out lining Irans military tactics and capabilities as it applies to keeping the straight of Hormuz closed and expands on the economic fallout described in the first video.

I'll be the first to admit this could well be asian propaganda but still it does a great job at laying out the overview of the situation.

https://youtu.be/F9hSsmd49p8?si=aU4XuTqvpoyx-uzw
 
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