US Perspective on the Iran - Israel / US War

[ShapurII]

It seems you have a cozy cocoon.

Glad to see you've been defeated on an intellectual level and this is the best you could come up with.

 

[ShapurII]

Was talking about WTI price, Americans don't really care how much the Brits are paying for their oil....

$150 is "Possible" at a time when everything is possible. To reach that level, you need certain things to go this way.

1.) Canada and Norway do not increase their production
2.) The rest of the West does not intervene (either send a ship to escort the tanker out or come up with some insurance plan)
3.) Iran has to escalate the war and attack or close the Red Sea traffic as well (currently, the Red Sea diverts about 20-30% of Gulf oil with the Yanbu pipeline; the last figure I had is close to 6 million barrels a day)
4.) Saudi Arabia and Qatar continue to do absolutely nothing.

If all 4 things has done, then we may see a $150 a barrel price, that is very hard to do, I would say it's less than 10%

Brent crude price has traditionally been the benchmark for most of the world, particularly the Europeans. WTI is mostly relevant for the Americans, and probably Canadians or other countries in Americas. I'm not sure about the last one though.

Actually, I did factor in an increase in oil production. And my scenario was that shit hits the fan, meaning that Saudi Arabia and other Arabs decide to actually do something, the US does more than it is doing now, Israel does more than it is doing now, et cetera. I mean, if Iran destroys Persian Gulf oil infrastructure resulting in long-term significant drop in oil production and Norway, Canada, Russia and the US do not ramp up their oil production rates, then there will be no imaginable limit to oil prices for a while.

By the way, Qatar is rather a major LNG producer, not a major oil producer as far as I know.

 

[mythbuster]

Glad to see you've been defeated on an intellectual level and this is the best you could come up with.

See , you are an epitome of conceited mindset.... world economy is doing fine , look at the markets .. even if the oil prices shoot up to $ 150 , they will not , it won't dent the economy... world is not as heavily dependent on gulf oil as it once had been.... your entire soh gambit will be over within couple of weeks.... you can keep o playing your flute.

 

[ShapurII]

See , you are an epitome of conceited mindset.... world economy is doing fine , look at the markets .. even if the oil prices shoot up to $ 150 , they will not , it won't dent the economy... world is not as heavily dependent on gulf oil as it once had been.... your entire soh gambit will be over within couple of weeks.... you can keep o playing your flute.

Yeah, right lol Please bookmark your post for future reference when you start crying about energy price in Pakistan in the not too distant future.

 

[Ali_Baba]

Trump: I lean 90% toward believing that Mojtaba Khamenei was killed

@AlArabiya_Brk

Trump wants proof of life so that he can use that process, to track him down and then try to kill him...

 

[Ali_Baba]

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Trump is mentally unwell on top of his dementia related issues, that is clear for all to see - so why does the American political system allow him such free reign and why does it not move to remove him from power ?