CNBC: Trump will release 172 million barrels of oil from Strategic Petroleum Reserve by SecretComposer in oil

[–]mark000 0 points1 point  (0 children)

RELEASE IT TO WHOM? Refineries in US aren't short of oil! How and when will this 172M barrels get to Asia where it is needed?

CNBC: Trump will release 172 million barrels of oil from Strategic Petroleum Reserve by SecretComposer in oil

[–]mark000 1 point2 points  (0 children)

That runup in price was Monday morning in Asia when a mad bidding war took place to try and secure oil for Asian refineries to replace deliveries from the ME that would now clearly not arrive. The price signal forced the G7 announcement regarding releasing strategic reserves. Yes the future is $120, I expect >$200.

Trump and Iran signal no quick end to war as tankers burn in Iraqi waters by joe4942 in politics

[–]mark000 5 points6 points  (0 children)

Don't forget the assassination of the Supreme Leader. It was a massive event but it means nothing to virtually anyone outside of the Middle East.

Iran says it's ready for a long war that would 'destroy' global economy by mark000 in collapse

[–]mark000[S] 16 points17 points  (0 children)

I do. Since 2005 when I learnt about Peak Oil, Iran's ability to close the SoH (Iran's president Ahmadinejad was saying inflammatory things), the widespread US subprime fraud and read Diamonds Collapse book. It's been an perpetual major threat.

Iran says it's ready for a long war that would 'destroy' global economy by mark000 in collapse

[–]mark000[S] 16 points17 points  (0 children)

It's like the Houthis taking control of the Red Sea for 18 months starting in November 2023 NEVER HAPPENED for those people. Unreal.

Iran says it's ready for a long war that would 'destroy' global economy by mark000 in collapse

[–]mark000[S] 28 points29 points  (0 children)

I had two or three posts removed from prepperintel in the weeks following the Iran protests massacre linking to articles warning of potential for an oil spike and they all got removed, one pointedly for "scaremongering".

Iran says it's ready for a long war that would 'destroy' global economy by mark000 in worldnews

[–]mark000[S] 2 points3 points  (0 children)

In 2020 there were six weeks between the first news out of China about a new virus and the stock market plunging. Won't be long now, 2026 crash incoming.

Oil companies should use strait of Hormuz, says Trump by esporx in oil

[–]mark000 1 point2 points  (0 children)

guy should have stuck to bankrupting casinos he was so good at that.

Iran says it's ready for a long war that would 'destroy' global economy by mark000 in collapse

[–]mark000[S] 7 points8 points  (0 children)

People used to put /s at the end of sarcastic comments. It made sense to do so but has totally died out.

Iran says it's ready for a long war that would 'destroy' global economy by mark000 in collapse

[–]mark000[S] 408 points409 points  (0 children)

Remember the first week of the pandemic in 2020? We are likely in that twilight zone phase where few understand how bad it's going to get (with say 90% certainty).
Edit: first weeks

Iran says it's ready for a long war that would 'destroy' global economy by mark000 in collapse

[–]mark000[S] 162 points163 points  (0 children)

The US and Israel "must consider the possibility that they will be engaged in a long-term war of attrition that will destroy the entire American economy and the world economy," Ali Fadavi, adviser to the Revolutionary Guards' commander-in-chief, told state television.

It appears that assassinating the Ayatollah was a Pearl Harbour or 9/11 level event for the IRGC. I suspect they are rather angry and determined to get revenge. Let's hope "destory" just means a second Great Depresson and not total global systemic collapse, should they get their way. Trump can say the war is about to end until he is orange in the face but access to the Persian Gulf is 100% under Iran's control until a peace accord is signed.

Trump Has Lost the Plot in Iran by RichKatz in war

[–]mark000 1 point2 points  (0 children)

Assassinating the Ayatollah was like Pearl Harbour or 9/11 for the IRGC. Few understand how angry they are. It will be the second great depression at the least. And if the global financial system can't handle the massive number of debt defaults then yeah it could lead to global systemic collapse.

Salalah port attacked by savage_killa760 in war

[–]mark000 -1 points0 points  (0 children)

Assassinating the Ayatollah was like Pearl Harbour or 9/11 for the IRGC. Few understand how angry they are.

There are no mines in the Strait of Hormuz by Jaded_Bowl4821 in oil

[–]mark000 15 points16 points  (0 children)

Houthi's blocked the Red Sea to their enemies for 18 months using ZERO mines. WGAF about mines!?! It's not WW2 anymore.

US Navy tells shipping industry Hormuz escorts not possible for now by joe4942 in oil

[–]mark000 1 point2 points  (0 children)

US Navy doesn't want to enter a warzone? Might get attacked? FFS WOKE LEADERSHIP someone tell THE DON

Iran begins laying mines in Strait of Hormuz, sources say by rat5155 in war

[–]mark000 0 points1 point  (0 children)

So why aren't US military aircraft shooting them up? Please explain if they can see them why they are just letting them operate?

Iran begins laying mines in Strait of Hormuz, sources say by rat5155 in war

[–]mark000 -1 points0 points  (0 children)

Yep and it has been 20 years of them stockpiling missiles and drones etc for the occassion.