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A War With North Korea Could Send Oil Prices Skyrocketing
Oilprice.com ^ | 05-09-2017 | Irina

Posted on 09/05/2017 7:56:13 AM PDT by bananaman22

An open military conflict in Northern Asia would disrupt more than a third of global seaborne crude oil trade, Wood Mackenzie warned last week amid yet another escalation between North Korea, its neighbors, and the U.S.

Such a conflict would cripple North Asia’s production and refining capacity, the consultancy said. Some 65 percent of Asia’s crude oil refining capacity is located in China, Japan, and South Korea, so the effects of an open war would be far-reaching and potentially long-lasting. The most pressing question, then, is how likely such an open conflict is.

(Excerpt) Read more at oilprice.com ...


TOPICS: Business/Economy; Military/Veterans; Politics
KEYWORDS: northkorea; nuclearweapons; oil; war
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To: shanover

No sh!t.

This crap is intended to make sense to children and limited-IQ types.

Pretty insulting.


21 posted on 09/05/2017 9:18:09 AM PDT by x1stcav (We have the guns. Do we have the will?)
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To: bananaman22

BS. Japan has no oil.
Big problem for them in WWII.

Just eliminate C&C in NK. If Fat Boi sets off a nuke he will
get one or 5 in return.


22 posted on 09/05/2017 9:19:11 AM PDT by eyedigress ((Old storm chaser from the west))
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To: bananaman22

A war with anybody would do the same.


23 posted on 09/05/2017 10:01:01 AM PDT by JimRed ( TERM LIMITS, NOW! Building the Wall! TRUTH is the new HATE SPEECH.)
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To: jeffc

It’s gone up 41 cents in the Texas Hill Country in a week. Today, $2.39. In Austin, they’re complaining about driving all over looking for a station with gas. They’re raising the price because they can, not because there’s a shortage. The Exxon refinery in Houston that had to shut down was up and running two days later.


24 posted on 09/05/2017 11:22:36 AM PDT by bgill (CDC site, "We don't know how people are infected with Ebola.")
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To: bananaman22
I'm not convinced what is the right thing to do here is. Trump supporters do not want another exercise in nation building. South Koreans leadership basically wants to continue the status quo, and the Japanese are unwilling to spend money on their military to protect themselves.
25 posted on 09/05/2017 1:54:07 PM PDT by Sam Gamgee
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