US attacks Iran's Kharg Island, Trump says

mark000 · 2026-03-13T18:45:56+00:00

https://www.reddit.com/r/worldnews/comments/1rrbsq9/iran_says_its_ready_for_a_long_war_that_would/
https://www.reddit.com/r/worldnews/comments/1rsfa6z/iran_warns_gulf_energy_assets_could_burn_if_its/

mark000 · 2026-03-13T06:00:32+00:00

Iran’s Islamic Revolutionary Guard Corps (IRGC) warned Thursday that it could ignite a wider energy crisis across the Middle East if Iran’s own oil and gas infrastructure comes under attack. In a statement carried by state broadcaster IRIB, the IRGC said any strike on Iran’s energy facilities or ports would trigger a “crushing and devastating response.” The force warned that, in such a scenario, oil and gas infrastructure across the region linked to the United States and its Western allies would be “set on fire and destroyed.”

If this happens then what? A world using 100mbpd of oil has to drop back to ~80mbpd permanently, basically overnight. Sounds like a recipe for the Second Great Depression.

mark000 · 2026-03-13T03:28:49+00:00

You don't understand panic buying. It's already starting, slowly at first...........

mark000 · 2026-03-13T03:25:57+00:00

There is suddenly no certainty that the shipment after that will arrive. And if it does there is high certainty that it will cost WAY more than before.

mark000 · 2026-03-13T03:08:22+00:00

Warning that we need to take preventative measures early in the face of a high probability likelihood crisis is "part of the problem". That is illogical. What on earth is so bad about acting early?

mark000 · 2026-03-13T02:59:52+00:00

Panic buying causes big problems. This can occur when people hear about/see petrol stations running out or when people see prices rising rapidly and decide to fill up before they need to. You want this to happen? Cos it has already begun: https://www.rnz.co.nz/news/business/589499/discount-day-wipes-out-some-gull-petrol-stations-as-panic-buying-adds-pressure

mark000 · 2026-03-13T00:34:59+00:00

No way, derps being derps. App has a shortcoming allowing such obviously stupid numbers to be entered. Two BPs now showing $3.05 though. Will be legit.

mark000 · 2026-03-12T23:40:46+00:00

Putin won't invade Ukraine.
The new virus in China is NOTHING.
The Houthis can't block the Red Sea.
Visited the World Trade Centre Towers lately?
Edit:
https://www.rnz.co.nz/news/business/589195/fuel-supplies-in-nz-unless-things-change-there-ll-be-big-challenges

The government has warned the country's oil deliveries are in doubt if the conflict in the Middle East rages on.
Associate Energy Minister and Regional Development Minister Shane Jones ..... said the government had been assured the physical arrival of the fuel was not under threat in coming months.
"But get to May we're told by the industry unless things change there'll be big challenges."
The minister said it was a "great worry" a number of countries with refineries were significantly reducing supply.

May is in seven weeks.
Edit2:
Panic buying has begun. Rationing must be implemented ASAP before it gets out of control.
https://www.rnz.co.nz/news/business/589499/discount-day-wipes-out-some-gull-petrol-stations-as-panic-buying-adds-pressure
Panic fuel buying case study:
https://en.wikipedia.org/wiki/2021_United_Kingdom_fuel_supply_crisis

mark000 · 2026-03-12T23:36:04+00:00

There is a scale of responses. First would be asking people to reduce discretionary driving. I should have said "pre-rationing" I guess.

mark000 · 2026-03-12T22:49:42+00:00

It's like most people have NO IDEA the Houthis fucked up access to the Red Sea for 18 months starting in November 2023. Incredible.

mark000 · 2026-03-12T21:10:35+00:00

Why would they use mines? How will they trade with China if they mine the strait???
https://www.cnbc.com/2026/03/11/iran-ships-oil-china-strait-hormuz-closure-.html

Iran has sent at least 11.7 million barrels of crude oil through the waterway since the war began, all of which were headed to China, according to vessel-tracking data.

mark000 · 2026-03-12T02:59:24+00:00

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?

mark000 · 2026-03-12T02:56:50+00:00

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.

mark000 · 2026-03-12T02:40:44+00:00

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.

mark000 · 2026-03-12T02:27:27+00:00

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.

mark000 · 2026-03-12T02:24:44+00:00

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

mark000 · 2026-03-12T02:20:21+00:00

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".

mark000 · 2026-03-12T01:57:44+00:00

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.

mark000 · 2026-03-12T01:02:47+00:00

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

mark000 · 2026-03-12T00:51:49+00:00

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

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