Can the world get its supply of oil by bypassing the Strait of Hormuz?
11–20 of 42 posts
Re: Can the world get its supply of oil by bypassing the Strait of Hormuz?
#12*Can the world have an American President that for once doesn't start pointless wars to distract from internal scandals?
For once? Didn’t our previous president just clear this cynically low bar?
I'm also curious if you could explain the logic more than "Just so your own research man"...
Re: Can the world get its supply of oil by bypassing the Strait of Hormuz?
#13Eventually, yes. But 1) it's not a magic tap on/off, 2) refineries are specialized for specific types of oil, 3) a lot of ships are stuck there, 4) wells and refineries usually take a long time to restart. Serious oil traders are saying it will take months or even more than a year to get back to normal. The only thing containing prices at the moment is many exporters sold futures to lock-in prices for the rest of the…
Re: Can the world get its supply of oil by bypassing the Strait of Hormuz?
#14Tautologically yes. Whatever the world gets is its supply. Depending on how much can be done to bypass the Strait, that supply may diminish substantially. Already has, I suppose. It would be nice if this was the thing that finally kicked governments into gear to get off our reliance on oil. But I don’t think 20% is quite big enough to make that happen.
Re: Can the world get its supply of oil by bypassing the Strait of Hormuz?
#15Eventually, yes. But 1) it's not a magic tap on/off, 2) refineries are specialized for specific types of oil, 3) a lot of ships are stuck there, 4) wells and refineries usually take a long time to restart. Serious oil traders are saying it will take months or even more than a year to get back to normal. The only thing containing prices at the moment is many exporters sold futures to lock-in prices for the rest of the…
But how? Iran is right next door. They can target any mode of getting oil out of there. Not just the strait of Hormuz but any pipelines that lead away from the region can just as easily be targeted. One Shahed to the pipeline is all it would take.
Re: Can the world get its supply of oil by bypassing the Strait of Hormuz?
#16Eventually, yes. But 1) it's not a magic tap on/off, 2) refineries are specialized for specific types of oil, 3) a lot of ships are stuck there, 4) wells and refineries usually take a long time to restart. Serious oil traders are saying it will take months or even more than a year to get back to normal. The only thing containing prices at the moment is many exporters sold futures to lock-in prices for the rest of the…
Re: Can the world get its supply of oil by bypassing the Strait of Hormuz?
#17Eventually, yes. But 1) it's not a magic tap on/off, 2) refineries are specialized for specific types of oil, 3) a lot of ships are stuck there, 4) wells and refineries usually take a long time to restart. Serious oil traders are saying it will take months or even more than a year to get back to normal. The only thing containing prices at the moment is many exporters sold futures to lock-in prices for the rest of the…
But how? Iran is right next door. They can target any mode of getting oil out of there. Not just the strait of Hormuz but any pipelines that lead away from the region can just as easily be targeted. One Shahed to the pipeline is all it would take.
Re: Can the world get its supply of oil by bypassing the Strait of Hormuz?
#18Is there enough copper and power to get those ev stations up in the us? Cuz now’s their chance.
Re: Can the world get its supply of oil by bypassing the Strait of Hormuz?
#19*Can the world have an American President that for once doesn't start pointless wars to distract from internal scandals?
It'd be nice if we could take a few years off from having a president at all - just rest, recover, and start to clean up the mess.
Re: Can the world get its supply of oil by bypassing the Strait of Hormuz?
#20Earlier quoted context omitted.
For once? Didn’t our previous president just clear this cynically low bar?
Ok, so in your genius reality, did Biden start the Russia-Ukrainian war or the Israeli genocide? Or am I just too dumb and interpreting your oh-so-clever sentence wrong? I'm also curious if you could explain the logic more than "Just so your own research man"...