Iran-Israeli Conflict Thread

Regional towns in Australia are running out of fuel.



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Cooper said:
Oil is a fungible commodity, so if it becomes scarce in say, Japan, US oil prices will reflect that. The US might not run out of oil, but the economy will suffer from much higher oil prices.
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I don’t see how USA will suffer from higher oil prices give that it’s a net oil exporter. Any amount of suffering that consumers and manufacturers etc in USA experience will be offset be windfall profits that American oil companies will enjoy. The countries that will suffer are countries that are major net oil importers (Japan, most of Europe, India, etc)
 
Australia Sucks said:
I don’t see how USA will suffer from higher oil prices give that it’s a net oil exporter. Any amount of suffering that consumers and manufacturers etc in USA experience will be offset be windfall profits that American oil companies will enjoy. The countries that will suffer are countries that are major net oil importers (Japan, most of Europe, India, etc)
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Oil companies doing well, consumers hurting, inflation in all downstream industries that use oil, such as airlines, fertilizers/agriculture, transport etc.

Note as well that oil companies profit centers are mostly offshore, a lot of their windfall will not register in US corporate taxes.

Not a difficult concept to grasp.
 
Ember said:
Jason Hinkle: Every country has said no to Trump.




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Those European countries have a high Islamic population within their borders, by participating in this war it could spark terrorist attacks within their borders and other problems, but at the same time they need that straight open, Japan has no Muslims but they probably hoping this resolves itself they dont want problems, I wonder what they gonna do if they start running out of oil though
 
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