US Perspective on the Iran - Israel / US War

[SolarWarden]

it going be the best TACO we have ever seen .

Taco? Are you talking about the early 80's artist?

 

[F-22Raptor]

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[F-22Raptor]

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[AZ_HighCountry]

Too much focus on the US economy and not enough on the economic catastrophe the Iranians are facing after this war.

You just don't understand nor is any attempt to teach you worth the effort. Just keep clinging to those beliefs of yours.

 

[Davey Crockett]

 

[AZ_HighCountry]

It's not trolling my friend , don't get influenced by woke media... whether the war ends or not the Hormuz straits will be open for shipping soon , one way or other.

Don't have to be influenced by the media. My job for a number of years involved planning and forecasting.

Please, feel free to remain in denial of the impacts this is having now. For those who willingly choose to ignore it, 60% of global trade today still continues to x-dock through or terminate in the US. Every trading partner is already feeling the impacts.

As for the US being a net exporter of oil? So? What does that mean? That means that US oil is a globally traded commodity just like wheat, soybeans, etc. And right now, the oil companies are not keeping that production here at home to keep the price at the pump low. Why should they when someone else is willing to pay more for it? That was exactly what the Biden Administration did with a lot of the oil in the SPR during covid. It was sold. To China.

 

[Davey Crockett]

 

[Davey Crockett]

 

[F-22Raptor]

18+ hours now since an Iranian ballistic missile attack on Israel

 

[F-22Raptor]

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It’s hard to predict Trump, but this leads me to believe ground forces will be announced alongside regional partners in support.

 

[AZ_HighCountry]

Markets bounced back allover the world except south Korea and India.... Brent crude was trading at 104 last I checked few hours ago.

Now at 105.8.

 

[KAL-EL]

Taco? Are you talking about the early 80's artist?

Puttin' on the Ritz?

 

[F-22Raptor]

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Strikes continues

 

[F-22Raptor]

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[j_hungary]

I will try to simplify it with the hope you will keep an open mind...... you know in American politics there are republican supporters and democrats supporters.....and then there are swing voters , these swing voters are the ones who decide the outcome of any election..
Consider the petrodollars world as the swing voters.

I don't think this is the same in politics and elections.

Petro-Dollar is not anything now, and as we are moving more and more to renewable, the only countries that haven't are basically OPEC and the US, which means the time for Petro-Dollar is up.

It's certainly an option for things that people will consider, but it's not the way you think. Explain to me why Qatar and Saudi Arabia both divest from oil and gas investments from their sovereign fund?

On the other hand, what is the damage tomorrow when nobody settles the oil and gas bill with USD? First of all, it's wasn't even doable with another currency because that would mean you need someone to fork out an extra 2 trillion value of their currency somewhere, 1 high billion would be enough to crush a very established currency like EU, you don't need that much to pump up some other, but let's say that you can do it, Dollar will lose around 2 trillion transactions a year, but again, when you compare that with the backdrop of 2.5 quadrillion of world settlement as a background, it's really nothing. I mean, unless you can tell me a reason why, when people no longer trade oil and gas in USD, somehow, everything else is not trading in USD?

It's not even logical to think oil and gas have any sway on anything else, certainly not AI, which is currently booming at the moment. I will say the impact of the Strait closing and stopping Helium from going to the US is more of a problem for AI, as you need to cool those data centers. You can argue that Saudi Arabia, Qatar, or the UAE uses their oil profits and invests in AI and hopes for a good return, but first of all, this wasn't the case if you look at their sovereign fund portfolio, on the other hand, there are a lot of other bigger fund out there without any relationship with petro dollar, nominally from China, support those AI investment.