The war may not last long, the effects on the oil market however will be quite long lasting.  Doubtful Iran gets back to its pre-war production levels anytime soon, and doubtful shipping insurance costs through the Straight of Hormuz will drop much either.  More sabotage likely throughout the region.

Things will get quite messy.

RE

Quote from: RE on Mar 09, 2026, 02:52 AM

BUSINESSINSIDER.COM • 2026-03-08

Oil passes $100 a barrel as US energy secretary says Iran won't be a 'long-term war'

Oil prices surpassed $100 a barrel on Sunday. The US energy secretary is working to reassure Americans that high gas prices won't last. Chris Wright said the conflict in Iran is a "temporary movement," rather than a "long-term war."

The war may not last long, the effects on the oil market however will be quite long lasting.  Doubtful Iran gets back to its pre-war production levels anytime soon, and doubtful shipping insurance costs through the Straight of Hormuz will drop much either.  More sabotage likely throughout the region.

Things will get quite messy.
!!
RE

Indeed. Who knows what will happen with oil at 3077400 a barrel!

If it lasts a month, it might be a recession.  If it lasts 6 months, kiss the economy goodbye.

RE

Quote from: TDoS on Mar 09, 2026, 04:39 AMIndeed. Who knows what will happen with oil at 3077400 a barrel!

Using the 'Get Article' dropdown on the 'Article Options' button will let you add a Doomscroll article to a post here.  It does that by creating a special tag in the post.  Then the article is later looked up using this tag and displayed.  The code that displays the tile and description after looking up the article info was not rendering a '$' correctly.  Now it is.

The fix :

$safe_description = htmlspecialchars($article['description']);
$safe_description = str_replace('$', '$', $safe_description);
$safe_description = nl2br($safe_description);

As you can see here :

DOOMSDAY 4 OIL!😁😁😁

RE

The thing is, even if Trumpolini declared "Victory" and sent home the grunts, the Straight won't be any safer.  The only way to  do that would be to put 100K boots on the ground and hold all the land along the coast.  It's almost certain as soon as ships start moving through, at least 1 will get hit.  If it's an LNG tanker, the explosion will be Hollywood spectacular.

With the Kuwaitis and Omanis now starting to shut in wells, the supply interuption will at least be months long.  So much for Trumps quicky done.  In 3 months, you'll have RREAL shortages in fertilizer right in time for growing season.

Leave it to Trump to speed up collapse by orders of magnitude.

RE

Quote from: RE on Today at 09:30 AMLeave it to Trump to speed up collapse by orders of magnitude.
RE

Unless of course the usual happens. Many collapses are called...still waiting around for one to be chosen. <yawn>

Quote from: REDOOMSDAY 4 OIL!😁😁😁

RE

I remember the early 80's, and the bumper stickers on Texan's trucks, "Drive Faster, Freeze A Yankee".

"Doomsday For Oil Consumers" might be better...some drilling folks and oil and gas companies will be quite profitable I imagine. Things will get more expensive regardless of oil prices, as things are wont to do.

Remember the last time it was the Doomsday for oil? 1979is still my favorite. The modern peak oilers didn't have nuttin compared to that global peak oil.

Quote"I don't think they have any realistic endgame in their mind," he added. "I think they are aimless."

People thinking they are fulfilling a biblical prophesy are not big on endgames.  They don't need no stinkin endgame.

Hell would have frozen over before I could have ever voted for this racist moron who can't read.  I wish more of you could say the same.  Now if you ever helped him your inattention to detail will mean millions will die.  And that's on you.  Did you think that we live in Disneyland so the limits of the universe do not apply in your magic kingdom of America.  I think you do. 

The tragic thing is I know you will do it again.  You will vote for the same kind of fool.

And all the things that the big black book says are going to happen are not going to happen.  Not a single one of them.  Fairy tails written for other purposes thousands of years ago do not define reality.  That black book is no reason to let madmen rhyme, but sadly 30% think poetry translated through multiple languages be magically real.  Like it was the word of god or something.  And for that people must die.