For every 6 months the strait of Hormuz remains closed the price of oil will double. This will become insane and untenable somewhere around 1.75 cycles
you certainly have a point, though there are organizations with more journalistic integrity and freedom and a different ownership structure. But maybe not in the US any more.
Everything? Price of oil is tied to the price of every single thing you buy. Unless you go off grid and grow your own food you are supporting the price of oil.
Exactly. If you keep buying those things then the world economy will remain strong. Economies are damaged only when people stop buying things. So, again, if the world economy is damaged what supports $200 oil?
For every 6 months the strait of Hormuz remains closed the price of oil will double. This will become insane and untenable somewhere around 1.75 cycles
seeing the source url, I feel this can largely be dismissed as a billionaire class owned publication steering the public discourse
So you're saying it's a news outlet?
you certainly have a point, though there are organizations with more journalistic integrity and freedom and a different ownership structure. But maybe not in the US any more.
> If oil reaches $200, it would damage the global economy.
What supports $200 oil, then?
Everything? Price of oil is tied to the price of every single thing you buy. Unless you go off grid and grow your own food you are supporting the price of oil.
Exactly. If you keep buying those things then the world economy will remain strong. Economies are damaged only when people stop buying things. So, again, if the world economy is damaged what supports $200 oil?
> So, again, if the world economy is damaged what supports $200 oil?
Good'ol money printing.
> If you keep buying those things then the world economy will remain strong. Economies are damaged only when people stop buying things.
Boring stuff like stagflation takes care of that.
The 5 trillionaires that will still be able to afford it.
The 5 trillionaires can also afford $10,000 oil. Why would they pay $200 when they could pay $150?
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