Damus

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saeed profile picture
The U.S. doesn’t want to do this all at once, because it would both cause an oil price shock and because U.S. oil production is currently not enough to meet market demand. I think the plan is to do it gradually over the course of several years.
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Laeserin · 6w
I think it's cute that anyone thinks Trump is driven primarily by love of anything other than money. He's so personally greedy that he's like a caricature of a greedy person. Living cartoon.
Laeserin · 6w
We still don't know why Trump is running this oil war. I assume it has something to do with restructuring the US economy.
saeed profile picture
The United States no longer needs Middle Eastern oil. Since 2015, American engineers have found ways to extract shale oil at a low cost. Since then, U.S. oil production has been on an upward trend, and today, in addition to meeting its domestic consumption of around 12.5 million barrels per day, the U.S. exports roughly 4.5 million barrels per day.
The Arab countries that were once close allies of the United States are now its competitors. By continuing this war, the United States could both push its competitors out of the market and weaken China’s economy, which is heavily dependent on oil from Arab countries.
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Libertas Primordium · 6w
But my conspiracy theory friends told me the Iran war is about Israel!
Vendetter · 6w
Not all oil quality is the same worldwide. I'd be quietly cautious about the quality of the US supply.
saeed profile picture
Since the war, the Iranian government has become extremely strict and suspicious. At checkpoints, they take people’s phones and inspect their contents; they even read people’s chat messages. If you have an unfamiliar chat app or an unknown social media application on your phone, you could get into trouble. In Iran, having privacy is considered illegal.