Originally Posted by MELedMel (Post 4022656)

What happed to energy independent?

I’d think between Canada, ourselves and S America this shouldn’t cause much issue in the US, seems like BS price gouging

Originally Posted by Turbosina (Post 4022708)

Funny thing about US airliners, they fly to (and must refuel in)...wait for it .. foreign countries.

Originally Posted by worstpilotever (Post 4022719)

maybe we will start tankering.

Originally Posted by Name User (Post 4022672)

Korea supplies something like 70% of west coast jet fuel, now that Korea isn't getting crude, no jet fuel for the west coast.

If anything it's the opposite, seems some powerful people with deep pockets are keeping a lid on commodity prices somehow. Even with recent upticks in production from other places, we are at least 5 million barrels a day short. Oil should be trading in the $200+ range by now.

Originally Posted by MELedMel (Post 4022656)

What happed to energy independent?

I’d think between Canada, ourselves and S America this shouldn’t cause much issue in the US, seems like BS price gouging

Originally Posted by threeighteen (Post 4022724)

sounds like we’re invading Korea next…

Originally Posted by Beech Dude (Post 4022728)

The SoH handles.< 20% of the world's crude. Period. It's a pinch in the flow, not a total kink. Yes, doing daily with less, but oil isnt single-sourced from the Strait. More of the same ahead...take a breath, its ok.

Originally Posted by jerryleber (Post 4022735)

That 20% represents the biggest energy shock in modern history. A recession is sustained negative GDP and a depression is defined as negative 10% GDP.

Originally Posted by Beech Dude (Post 4022737)

The embargo in the 70s, when the spigot actually shut was more of a shock. We were paying about the same for crude 4 years ago (Brent avg was $100) and the world/media wasn't crying about it. 89 was almost $7/gal on the West Coast and in Chicago. GDP for 2025 was 2.1%. Q1 2026 estimates are 1.8-2.3% from what I've seen. Woosah