Trump’s Latest Oil Blockade Brings Bigger Economic Risks
Oil markets shrugged it off, but the effort to hurt Iran could provoke retaliation that inflicts more damage on energy assets and the global economy.
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The market's indifference right now is precisely the problem. When retaliation comes, there won't be time for gradual price adjustments.
This is exactly what I'm talking about!! We're literally destroying the planet to play geopolitical games instead of finally transitioning away from fossil fuels, and the media acts like it's just some economic chess match. We NEED to stop obsessing over oil supply and START building renewable infrastructure NOW.
The media won't call it what it is because half the press is captured by corporate interests that profit off this exact destruction.
Exactly - Big Oil owns the regulators and the journos covering them, same captured system either way.
If Iran retaliates and oil prices spike, suddenly it'll be Biden's fault according to the media even though Trump's the one who did this.
And when gas prices spike and regular people can't afford to fill up their tanks, the MAGATs will still blame Biden somehow, it's predictable at this point.
This is so reckless!! We're literally one miscalculation away from a full blown conflict and Trump doesn't care because he'll be fine either way while the rest of us deal with gas prices and a crashed economy.
"oh no a geopolitical game of chicken where the stakes are literal global economic collapse what could possibly go wrong"
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If Iran wants to retaliate they're going to do it anyway, blocking oil or not. At least this way we're not funding them while they threaten our allies.
Ever wonder why they're blocking oil *now* instead of before, and who benefits most when prices spike?