Originally Posted by
Beech Dude
Ok. Spigot being a euphemism.
US ops haven't destroyed any energy infrastructure. If you're referring to Kharg Island; only military targets were hit.
As stated earlier, global shortages are in the 5-7 billion barrels/day ballpark. That's in-line with the 70s embargo numbers and current Brent is at $103. So similar daily deficit to the embargo days (with more energy produced today then before so that 7% is even lower) and only $3 per barrel more than 2022; again, this is a short term shock, not some mass global catastrophe that you stated from the IEA's panicked message of "in the history of the global oil market."
I think you’re missing a minor detail with the infrastructure. The Iranians, with the missiles and drones we completely wiped out, have damaged or destroyed significant infrastructure in Gulf states.
https://www.insurancejournal.com/new...news%20agency.
…and now we’re blockading the Iranian blockade after we lifted sanctions on Iranian oil to help keep prices down. The brilliance of this 4D chess game is beyond comprehension.