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Posted on 03/17/2026 7:42:03 AM PDT by JV3MRC
Someone should do a wellness check on The New York Times. Looks like its journos read the portents wrong — AGAIN — on another one of its apocalyptic prognostications on the economic consequences of President Donald Trump taking out the Islamist regime in Iran.
Times business reporter Emmett Lindner nonsensically tried to dig up the corpse of the 1970s oil price shock following the Yom Kippur War as a comparative case study to what is transpiring around the Persian Gulf as Israel and the U.S. decimate Iran’s war machine. “Echoes of the ’70s in What’s Now the Largest Oil Shock Ever,” read Lindner’s overdramatic March 13 headline.
Lindner even had the temerity to suggest that the Iran War of 2026 was “worse” than the 1973-74 energy crisis, which was marked by a plethora of factors, which included the following: Bad domestic policy, dollar devaluation, and an oil embargo imposed by the Organization of Arab Petroleum Exporting Countries (OAPEC).
“Certainly, oil and gasoline prices are soaring,” cried Lindner like a soothsayer throwing fits as he pours over the portents. “The 1973 embargoed oil accounted for about 7 percent of global oil consumption, and targeted only a handful of nations … Now, closer to 20 percent of the world’s supply is threatened, and the disruption is caused by a war that has no end in sight.”
Lindner’s scareporn had a shelf life of about 3 days, as U.S. oil prices (WTI crude) would plummet over five percent back under $100 to $93.54, leading Wall Street toward having its best day since the war began, as the Associated Press reported March 16. As popular trading account NoLimitGains posted on X the same day, “Traders are betting this [war] ends soon.”
“No end in sight,” eh Lindner?
(Excerpt) Read more at newsbusters.org ...
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My local cbs affiliate tv station has been harping on this for 2 weeks.
I couldn’t care less that they report that propaganda, what ticks me off is the low IQ knuckledragging mouth breathers that they actually convince what they are reporting is actually fact.
Reminds me of a scene in Monty Pythons movie, The Holy Grail.
A procession of monks chanting their prayers periodically smack themselves in the head with their tablets.
The DNC/jihadist/Antifa shills brought in as talking heads on the Schwab Network (including that blonde shill that works there) have been harping on it (or whatever else President Trump is doing) for weeks now.
“around the Persian Gulf as Israel and the U.S. decimate Iran’s war machine”
When are people, including POTUS, going to learn the meaning of the word “DECIMATE”.
It’s not the same as destroy, yet that’s what they mean when they use it. It’s a level of ignorance I do not understand.
I’m starting to think they use it intentionally as “decimate” seems to be quite indicative of what they actually accomplish
Hochul stays on the side of Green...I can’t stand her...her voice disturbs me for some reason.
The DoD budget is about $800 billion/year, or about $6,000/1040 taxpayer/year on average.
To pay $10 to $20 per week for a small number of weeks to eliminate the possibility of metro NY or metro DC being vaporized is a bargain.
“I’m starting to think they use it intentionally as “decimate” seems to be quite indicative of what they actually accomplish”
You’re emoting and your statement is not rational.
Iran’s missile and drone launches are down by over 90%.
Their entire Navy and Air Force has been completely destroyed. Their entire air defense network has been completely destroyed.
The US and Israel are now hunting and killing IRGC,
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