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Posted on 06/05/2026 10:50:55 PM PDT by nickcarraway
The longer we go without oil from the Persian Gulf, the less we’ll need it, says Christopher Smart for the New York Times.
Whatever peace agreement the United States and Iran may cobble together, there will be no quick return to pre-war energy flows through the Strait of Hormuz. Even after the mines are cleared, it will take a brave tanker captain to trust that the passage is once again secure - and higher insurance costs could raise the price of that trip by millions.
But with every passing day, the world is learning to live without the Gulf’s seaborne exports.
Just as the COVID-19 pandemic and President Donald Trump’s tariffs forced a significant rewiring of global supply chains, the strait’s closure has prompted a similar adjustment. You might be part of it. When gas prices rise rapidly, people start to limit their driving. Walmart just reported that customers are now buying less than 10 gallons of gas at a time on average at its filling stations.
(Excerpt) Read more at channelnewsasia.com ...
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Hopefully, if Iran can recover from this that it won’t be too difficult to repair their infrastructure.
‘The longer we go without oil from the Persian Gulf, the less we’ll need it,...’
the Time(s) is correct? must be a broken clock.
gulf producers will adapt.
Alternate sources or alternate modes of transport will come into being and Iran will then have even less leverage than they do now.
CC
I suspect there is something to these alternate supply routes, as, as bad as they are, I’d have expected even higher gasoline prices at this point.
I’m sure not very happy going to the grocery these days, though. :-(
i think Trump has lately decided he’s not going to put any boots on the ground. at this point i agree that time in the current status quo is on his side. i.e., he doesn’t see any upside in continuing the kinetic war as such. frankly, i wouldn’t have even started this whole thing in the first place, if i wasn’t willing to commit troops on the ground to totally eliminate the IRGC in Iran. he might have got some very bad advice i think on the state of the Iranian resistance factions.
however, he’s fortunate in that he’s got a found strategy by simply keeping the blockade/sanctions up and waiting the IRGC out. if he can be patient with that, the issue of Iran may resolve itself.
Trump should go back to focusing on mass deportations, pausing legal immigration, elimination of election fraud, maha, and DOGE or cutting down the money going out to dem ngos. on economics he’s on the right track imho. if he goes back to doing that like he did in the first 4 months, he may even get a surprise win in the midterms. absent that, he’s going end up like his first term failures.
“The winners of this adjustment include US oil and natural gas producers that can fill the strait’s shortfall, as well as nuclear and renewable energy providers.”
The Us produces Zero, that’s 000 diesel fuel, which is the only actual reason that Trump kidnapped the Venezuelan President and confiscated their heavy crude oil for his oligarch donor class buddies. We import ALL of our heavy crude and produce NONE. It’s what our transportation industry relies on...truckers, airlines, etc.
The entire world despises us now...and there is no doubt there is going to be a recalculation of this new world order and we’re the losers. The world is watching this play out and realizing that the only rational players are America’s enemies.
It’s 1984 and no sane person believes what the criminal class is pushing. The pain is coming and you best prepare. It’s sad for someone that loves this country, a dying empires last gasp.
Eff the world IMHO. Time for Fortress America. And yes we make diesel fuel and biodiesel.
Unless you live in California or NY, the gas price is slowly going down.
I know one totally painless way to significantly reduce gas consumption. Have all the workers who can work from home again just like they did under Covid when companies continued to operate just fine - profitably.
The United States is the world’s largest diesel producer, generating roughly 5.2 million barrels per day.
That’s the biggest collection of communist propaganda BS spewed this week...
The article, or the comments that followed?
Those none productive paper pushers are being replaced by AI anyway so let them stay home.
LilOlLiar.
There’s a saying about the stock market, that also applies to Iran, and those 2 things are currently quite related: The markets can remain irrational longer than you can remain solvent.
More people working from home means another financial hit for commercial real estate.
It is said that MVs are actually passing through the Strait. On the down low. And not in large numbers. But it is happening.
I have no idea what you mean by “produce” diesel, because US refineries produce essentially all of the diesel consumed in the US and US crude certainly contains diesel fractions.
As a rule, because US crude is quite light, we sell it overseas and import heavier crude - for two reasons.
1. Light crude generally costs more than heavy crude
2. Heavy crude has more of the industrially relevant products like asphalt, etc., that our industries require.
As a result, our refineries - for good economic reasons - are tooled to accept heavy crude and we buy/sell crude based on that reality.
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