The US has nowhere near enough ships in the area to escort many ships through the Strait of Hormuz.
The US has nowhere near enough ships in the area to escort many ships through the Strait of Hormuz.
https://www.youtube.com/watch?v=ruOkuy3Tqv0
Lone Candle
Champion of Truth
The US has nowhere near enough ships in the area to escort many ships through the Strait of Hormuz.
https://www.youtube.com/watch?v=ruOkuy3Tqv0
Shipping in the Strait of Hormuz is limited, but not closed. In the Red Sea, shipping could go a longer way around, but there is no alternative route for shipping in and out of the Persian gulf. This will likely increase the price of oil.
https://www.youtube.com/watch?v=lcdNGlbep1M
High tech chips and lenses need super pure quartz, and the purest quartz in the world is found in the US. To turn it into usable silicon requires a smelting process that only a few masters know how to pull off.
https://www.youtube.com/watch?v=Y9V4jNTLGus
The Tanker War & Shadow Fleet – U.S. Ship Seizures, Ukrainian Attacks & Russia’s Gambit
https://www.youtube.com/watch?v=Ux3b00jo1iQ
Fracking creates an ingredient for plastic, and fracking companies can’t release that into the air because it is bad for the environment, so plastic companies get the ingredient to plastic super cheap from fracking companies, making new plastic cheaper than recycled plastic.
https://www.youtube.com/watch?v=325HdQe4WM4
“Trump has reportedly homed in on $50 a barrel as the price he’d like to see US oil prices trend toward, alleviating energy costs for US households.
The problem for the US oil industry? That math doesn’t check out.
In the Permian Basin, the largest collection of oil plays in the continental US and the crown jewel of American energy, breakeven prices hover between $62 and $64, according to data from the Dallas Federal Reserve.
…
As a wave of global oversupply gluts the oil market, the Energy Information Administration expects that Brent crude (BZ=F) — the international benchmark — will fall toward an average of $55 per barrel within the first quarter of 2026 and remain at that depressed level throughout the year.
WTI prices would almost certainly move in tandem, pegging its value around $51.50.”
https://finance.yahoo.com/news/trump-wants-oil-prices-to-hit-50-a-barrel-the-math-doesnt-work-for-the-us-oil-industry-182639810.html
“The executive order, signed Friday and made public on Saturday, declared a national emergency to ensure Venezuelan oil revenue held in U.S. Treasury accounts won’t be targeted by lawsuits or creditor claims.
The order says failing to safeguard the revenue, held in Foreign Government Deposit Funds, “will substantially interfere with our critical efforts to ensure economic and political stability in Venezuela.”
…
Several companies have long-standing claims against Venezuela, Reuters reported, noting Exxon Mobil and ConocoPhillips left Venezuela nearly two decades ago after their assets were nationalized and are both owed billions of dollars.
Trump gathered about a dozen executives from energy companies at the White House on Friday amid his administration’s push to get U.S. oil companies to invest in Venezuela. Trump told the executives that they would be dealing directly with the U.S., rather than the Venezuelan government.
ConocoPhillips CEO Ryan Lance told Trump that his company was still owed $12 billion and that the U.S. government has the chance to restore what’s been lost, according to Reuters.”
https://www.yahoo.com/news/articles/trump-signs-executive-order-safeguard-141009417.html
“Exxon’s chief executive Darren Woods said: “We have had our assets seized there twice and so you can imagine to re-enter a third time would require some pretty significant changes from what we’ve historically seen and what is currently the state.”
…
Trump signed an executive order that seeks to prohibit US courts from seizing revenue that the US collects from Venezuelan oil and holds in American Treasury accounts.
Any court attempt to access those funds would interfere with US foreign relations and international goodwill, the executive order states.
https://www.yahoo.com/finance/news/trumps-venezuela-oil-meeting-starts-220946813.html
While Venezuela has a lot of oil, they don’t produce that much, and it will take a decade to really ramp up their production. The US doesn’t need Venezuelan oil and it’s probably not worth the risk of destabilizing the country just for oil. Cutting off China and Cuba from Venezuelan oil may have more value, but, China can get oil from elsewhere.
https://www.youtube.com/watch?v=twalxUt4O4w
Why U.S Navy SEALs Just hit Russia’s Shadow Fleet
https://www.youtube.com/watch?v=dopbvNi538A