This war is geologically damaging future oil production capacity by 20-30% across the entire Gulf region. We are drawing down our reserves too and gas prices won’t come back quickly either due to refinery capacity.
Let’s get it over with.
I’m loaded with energy holdings and I couldn’t agree more.
Despite assurance from the President and various cabinet secretaries, the idea that prices will plummet when the war concludes is ludicrous.
> Let’s get it over with. <
I fear that Trump has gone “a bridge too far”. Wrecking Iran’s nuclear sites was a good idea. But how can he force them to give up all their nuclear material?
Religious fanatics won’t be moved by just bombing. So it would probably take infantry, and the related casualties. Most Americans would not stand for it.
There is mucho oil still in the ground in Texas and the Dakotas…and plenty of oil in the Gulf. If there is an oil shortage, why are there not more drills in the ground.