[RE]

MARKETWATCH.COM 2026-03-04

Get ready for Trump to chicken out on Iran as markets fall and gas prices rise

Congratulations, President Trump: The Israeli-U.S. war against Iran has just wiped out all of the U.S. gasoline-price savings achieved since you took office in January of last year.  Average U.S. gasoline prices rocketed Tuesday to $3.109 a gallon, according to AAA. That’s exactly where they were on Jan. 20, 2025. That’s an astonishing jump of 15 cents since the start of the war a few days ago, and of 30 cents since the start of this year.

[RE]

TOVIMA.COM 2026-03-05

Rising tensions in Iran disrupt fertilizer production and exports, threatening higher food prices worldwide. Analysts warn that shortages of urea and ammonia could impact bread, eggs, and meat markets within months

The Strait of Hormuz, about 35% of global urea exports pass through this waterway. Urea, a key nitrogen fertilizer, underpins roughly half of the world’s food production.

When the food prices skyrocket, Trumpolini's popularity will plummet.

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[RE]

AXIOS.COM 2026-03-06

Energy woes deepen as Trump team looks to soften blow

Why it matters: Ships avoiding the Strait of Hormuz and military threats to regional infrastructure are together shocking oil and natural gas markets.      "There's no doubt that what's happening now is an order of magnitude bigger — in terms of potential fallout for oil markets — than Russia's invasion of Ukraine," writes Robin Brooks, a Brookings Institution economist.

Plus it's costing $2B/day!

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[RE]

 

Can U spell R-E-C-E-S-S-I-O-N?  Triple digit Oil prices will send the economy into a Black Hole.  Ugly is on the horizon.

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[TDoS]

Can U spell R-E-C-E-S-S-I-O-N?  Triple digit Oil prices will send the economy into a Black Hole.  Ugly is on the horizon.

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Is this really what collapse and doom has been reduced to? Recession? Cost of living increases?

After having all sorts of other dooms thoroughly discredited all along the way this century, is this really all we've got left? Recession? Political disagreements? I at least get the political disagreements, for all the complaining about the horrors of the neocons, the Oligarchs have certainly unleashed idiots-R-us in a big way this time. As far as idiots-R-us being doom...well...maybe all that IS left is pretending recessions are the outcome of idiots in charge. Be they Republicrat or Democan. It isn't as though any other group has been able to gain traction against the Oligarchs.

[RE]

 

Bombing video games are not enough.  1st Person Shooter games will really rev up support with the Incels.



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[RE]

 

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.

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[TDoS]

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

[RE]

 

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

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[K-Dog]

Indeed. 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 :

Code Select Expand

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

As you can see here :

 

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DOOMSDAY 4 OIL!😁😁😁

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[K-Dog]

 
 

[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.

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[TDoS]

Leave it to Trump to speed up collapse by orders of magnitude.
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Unless of course the usual happens. Many collapses are called...still waiting around for one to be chosen. <yawn>

[TDoS]

DOOMSDAY 4 OIL!😁😁😁

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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.