Is all the chaos in the Middle East proving to be a benefit for the American oil market? Are we actually going to sell more oil to foreign buyers, pumping up our economy? Will the prices paid by consumers remain high or will they drop at some point?
There’s quite a bit to digest, but Liberal Hivemind offers a decent take.
What is the Trump Card? And when do you play it?
Some analysts are now asserting the Trump card involves a Naval blockade of the Strait of Hormuz. No ships going into the strait means Iranian exports are cut off. In essence, the blockade halts Iranian trade of its oil. How long can Iran hold out if it’s not earning export sales? Can it survive as a nation?
Similarly, a blockade will extend pressures on the United States as well. Oil prices will remain high indefinitely. The grumbling will get fierce.
Is Trump fighting the Iranians at this point, or the City of London? The Europeans most certainly did not help us with containing Iran. is it because they have skin in the game? Pray. Here’s more from And We Know.
