Trump..... (The Sophistry Thread)

richie_gt said:
So how is Trump going to deal with the surge in oil prices?
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I've been thinking about this too. I'm interested in what is happening in Venezuela, but I believe that bringing them back up to capacity will take about 2 years. The White House has pushed India and others away from Russian oil just as they are taking Iran off-line, and possibly a huge amount of Mid East supply as well, should the Straits be out of commission for a while.

All this in the lead up to the mid-terms can't be good for the cost of living. The Dems should really be running on a cost of living, and Trump doesn't keep his word (Epstein files, America first/war in Mid-East) campaign.
 
Trying to work if the amount of money tied up in Emirates, Etihad and Qatar airlines and the sheer volume of transits through there will ensure they'll be up and running again quickly, or if it paints a target on them.

Guess I'll find out in about 5 weeks...
 
johnny said:
I've been thinking about this too. I'm interested in what is happening in Venezuela, but I believe that bringing them back up to capacity will take about 2 years. The White House has pushed India and others away from Russian oil just as they are taking Iran off-line, and possibly a huge amount of Mid East supply as well, should the Straits be out of commission for a while.

All this in the lead up to the mid-terms can't be good for the cost of living. The Dems should really be running on a cost of living, and Trump doesn't keep his word (Epstein files, America first/war in Mid-East) campaign.
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Epstein files? What files? That all went away because war!

I am pretty sure at least 1 oil tanker has already been shot up trying to run the strait of Hormuz. I cant imagine too many other merchant seamen deciding its worth the risk.

There was also something about Venezuelan oil composition requiring different processing than the USA can perform, which was part of why none of the USA oil companies wanted the stolen oil tanker.
 
Being a bit of a plane nerd my algorithm pops up a lot of plane videos, and one of a B2 coming back into a UK base after being to Iran and back had a lot of "cool plane" comments. My innocent question wondering if this was the plane that bombed the school seemed to surprise a lot of them - which I thought was weird. What do people think these planes were made for...?
 
pink poodle said:
There was also something about Venezuelan oil composition requiring different processing than the USA can perform, which was part of why none of the USA oil companies wanted the stolen oil tanker.
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Yep. Its really low grade I think, and also not economic for any oil companies to go back in to produce. I guess its more about general supply restrictions raising oil prices for bulk profits for US domestic producers? That reminds, should top off the car...
 
Haakon said:
Yep. Its really low grade I think, and also not economic for any oil companies to go back in to produce. I guess its more about general supply restrictions raising oil prices for bulk profits for US domestic producers? That reminds, should top off the car...
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Yep, the complete lack of interest in any of the major petroleum / oil companies for jumping into Venezuela is pretty telling. The investment in infrastructure to get everything up to standard apparently outweighs any potential profits in the short term.
slowmick said:
Petrol station was packed this morning. Part war, part upcoming long weekend. Young lady behind the counter indicated we could see fuel at $3/litre in the near future based on the emails she'd seen.
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Should do wonders for inflation. Trump will be forced to the negotiating table sooner rather than later if this drags on, which it will.
 
slowmick said:
Petrol station was packed this morning. Part war, part upcoming long weekend. Young lady behind the counter indicated we could see fuel at $3/litre in the near future based on the emails she'd seen.
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Oh well, fuel price spikes always when any mention of the Middle East or a public holiday. More cause to ride that bike.
Air fares will be interesting to watch. They will have cancelled bookings with empty seats that they will be dying to fill alongside bigger fuel bills to balance.

Just hope the best for all in the region if the Islamic nutters have truly been removed for now. Less supply of Iranian drones for Putin to send to Ukraine is also an added bonus,

The US squeezing Venezuelan and Iranian oil and other supply chains in turn making it a little bit harder for Russia and China. Don't buy Chinese Temu radar like those guys either kids.

Can be sure it wasn't one of the Orange ones brainstorming 4D chess master plans either. Imagine Iran could even end up with a stable leadership if the current vacuum is filled for the good of the people and Hamas and Hezbollah have lost their backers if and when the dust settles. Still a long painful way to go though.
 
slowmick said:
Petrol station was packed this morning. Part war, part upcoming long weekend. Young lady behind the counter indicated we could see fuel at $3/litre in the near future based on the emails she'd seen.
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Apparently a $10 increase in oil barrel price results in a 10c increase at the pump price!
 
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