Originally Posted by
Trip7
I HOPE IM WRONG
But I don't think any deal is reached with jet fuel at $200/barrel and poised to go significantly higher. Americans and the market right now are extremely complacent about what's coming if this middle east crisis is not resolved very soon.
It will be the greatest energy crisis of our generation. One for the history books. And we are all sleep walking right into it.
If 20% of the world's Oil, Gas, and Fertilizer supply remains offline a pilot contract will be among the LEAST of our worries.
PREPARE YOURSELVES
Which generation? Some of the posters here sat in gas lines longer than EV charging times.
Venezuela can match Iran's output in 18 months. Bypass routes for gulf state oil can currently cover 30 percent of the Hormuz volume. We all hear "20% of worlds oil...." but the real impact is smaller due to alternatives. This could be the beginning of a long term reshaping of global energy trade.