Just want to get some perspective on what people think of the American reaction. I’m NOT asking if it will happen. I’m asking what do you think Americans will do, if anything if this happens. Do you think people will just not care or protest on the streets?
Edit: What would your reaction would be? (even if not American)
I am shocked oil prices have remained so calm to this point. I don’t think Americans understand how serious this war is. The global depression is closer possibility every week this goes on. It’s Insanity and absolutely stupidity to be risking everything like this.
I used to make parts for the oil and gas industry. In one way, I know how serious this is.
Oil loading terminals and refineres do not work with shrapnel holes in them, they also don’t work when theyve been set on fire. Oil refineries are chock full of bespoke parts, some of which may take multiple years to replace. How much has been destroyed so far?
We are going to have to come to grips with the idea that oil doesn’t make sense anymore as a motor fuel. But that will be a lot smaller issue than the drop in fertilizer output.
They are actually very high, and going up $1-$2/bbl per day. Gasoline, jet fuel and diesel especially at extreme pricing, and housing prices now declining. Just continuing blockade leads to steady decline. Mutual destruction of $Bs of oil tankers accelerates global depression as capacity to ship oil around the world is part of oil dependence. Political movements against renewables no matter how high fuel gets is part of “democracy too dumb to function” incurable demonism.
But oil/fuel going up just a little every day gives a frog boiling effect. $10/day movements during first part of war made for shock effects and big headlines.