Originally Posted by
rickair7777
Short term bad news.
But long term that won't hold up... closing the strait with cheap asymmetric weapons relies on the old status quo for how commerce flows through. If this drags on, commerce will adapt (with government intervention if necessary).
Even oil costs will come down. Lots of fields that were marginally cost effective to develop or simply maintain at $65 a barrel are now being developed or maintained at $90.
But this isn’t over before it’s over. The last DECLARED war we fought in, the Commander in Chief decided he would be unwilling to accept the casualties we would have taken with boots on the ground but that a bunch of zealots couldn’t be allowed to stay in power, came up with an alternate solution.
That was a Democrat, Harry Truman.