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Kaleva

(39,615 posts)

9. Which would mean greater domestic production

Reply to roamer65 (Reply #8)

Sun Jun 22, 2025, 01:48 PM

Jun 22

Prices will be higher but there won’t be any shortage in the US.

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Breaking: Iran closes Strait of Hormuz [View all] spanone Jun 22 OP

They've never been able to pull that off. That'll just encourage TACO. marble falls Jun 22 #1

Doesn't matter if they pull it off all the way. Bohunk68 Jun 22 #2

They've never pulled it off when they've tried before. The last time they tried, they lost half of their Navy above ... marble falls Jun 23 #49

we shall see. spanone Jun 22 #3

Seriously. If Iran thinks they can hold off the USN at Hormuz, they are preparing to go to paradise ... marble falls Jun 23 #56

This is the first level of retaliation Keepthesoulalive Jun 22 #4

How bout that putin bootlicker we've got in Moscow wolfie001 Jun 22 #29

And very effective one. Martin68 Jun 22 #40

All it will take is the sinking of a couple of tankers in the strait JPK Jun 22 #5

Bingo. roamer65 Jun 22 #6

I heard that 50 tankers were scrambling to get out of the Strait this morning. kentuck Jun 22 #10

It will be a nervous ride for them. roamer65 Jun 22 #14

In theory, we can keep the strait open. Just like the Bab el-Mandeb strait but most ships bypass it and sail around progree Jun 22 #16

i read yesterday that closing the strait would up oil to $130/barrel. Native Jun 22 #23

Most shipping has been diverted from there anyway, experts say we may see oil go up by $5 a barrel. nt ImNotGod Jun 22 #28

Oil from the ME accounts for less then 10% of oil imported by the US Kaleva Jun 22 #7

It's all about the spot price of oil. roamer65 Jun 22 #8

Which would mean greater domestic production Kaleva Jun 22 #9

Depends on the oil itself. roamer65 Jun 22 #11

Fracked shale oil is about as light and sweet as it comes FBaggins Jun 22 #35

Strait. roamer65 Jun 22 #48

The oil companies will sell this domestic oil wherever it's most profitable. hunter Jun 22 #17

This is the bottom line Red Mountain Jun 22 #19

we don't refine our oil Sailingdiver Jun 22 #18

The US refines a lot of things from oil from all sorts of sources Red Mountain Jun 22 #22

And yet gas prices will raise more than 10% ck4829 Jun 22 #30

Prices are not regional iemanja Jun 22 #33

Even less than that FBaggins Jun 22 #37

I'll rewrite my post to make it more clear Kaleva Jun 22 #44

All I can find is the parliament "endorsed" FormerOstrich Jun 22 #12

Probably not yet. roamer65 Jun 22 #13

Waiting for final approval kkmarie Jun 22 #15

The vote by the Iranian Parliament is the first step. Someone is already interfering with GPS in the Strait LetMyPeopleVote Jun 22 #20

Oh, Butterflylady Jun 22 #26

Shit. While I don't think the closure will last all that long Warpy Jun 22 #21

On the plus side for Russia, the price of oil is going to shoot back up. They just got lucky I suppose.... OnDoutside Jun 23 #50

This message was self-deleted by its author spanone Jun 22 #24

This will mainly hurt European countries, Butterflylady Jun 22 #25

The vote is not binding because the final decision rests with Iran's supreme national security council. nt ImNotGod Jun 22 #27

At least they consult the legislature iemanja Jun 22 #34

I'm sure glad I retired and got the Mazda Mirage 41 mpg wolfie001 Jun 22 #31

Just the threat sends oil prices higher which will anger Americans. OrlandoDem2 Jun 22 #32

We are winning! twodogsbarking Jun 22 #36

' there will be so much winning that you will get sick of winning ' Jack Valentino Jun 23 #51

Charlie Sheen said the same thing, different drugs though. twodogsbarking Jun 23 #52

This is just another reason I am glad to be retired. Prof. Toru Tanaka Jun 22 #38

Who will GOP blame when oil prices increase? IronLionZion Jun 22 #39

Joe Biden or Barack Obama. spanone Jun 22 #42

Oh yeah, they are already blaming Obama for being soft on Iran IronLionZion Jun 22 #46

Nobody could have predicted that! bluedigger Jun 22 #41

I'm at Costco now. markodochartaigh Jun 22 #43

Maybe the EV and clean energy Beachnutt Jun 22 #45

Heckuva job Trumpy Yo_Mama_Been_Loggin Jun 22 #47

This is Trump's War! Emile Jun 23 #53

Interesting... Mike Nelson Jun 23 #54

Doubt purple_haze Jun 23 #55

Because of Dumb As a Rock, Krasnov. Joinfortmill Jun 23 #57