Oil Prices Have Jumped 12% Since Friday as War Risks Return

[Weird Tolkienish Figure]

https://oilprice.com/Latest-Energy-News/World-News/Oil-Prices-Have-Jumped-12-Since-Friday-as-War-Risks-Return.html

[DefiantMassRINO]

When peace was declared, I started buying oil stocks for my roll-over IRA.  Just because Trump says it's over doesn't mean it's really over.

The Iranians' greatest weapon is fear.  As long as they can keep scaring ships out of the Strait of Hormuz, they have the upper hand.

The IRGC needs to be annihilated for Iran's internal situation to change.  I'm not aware that this Administration is doing anything meaningful and relevant to change the situation on the ground in the Persian Gulf.

Bombing, alone, does not win wars.  Bluster has not ended the Ukraine conflict and it won't end Iran's nuclear weapons program.

The IRGC needs to be annihilated on the ground by 'vigilantes', 'insurgents', or 'militias' for Iran's internal situation to change.

[IsailedawayfromFR]

When peace was declared, I started buying oil stocks for my roll-over IRA.  Just because Trump says it's over doesn't mean it's really over.

The Iranians' greatest weapon is fear.  As long as they can keep scaring ships out of the Strait of Hormuz, they have the upper hand.

Their biggest weapon is cash by selling oil, which they cannot do unless we permit them.

To defeat Iran we must keep their ability to raise cash in limbo.

Since I worked for several oil companies, I have lots of oil stock and have been reaping the bonanza by doing some serious selling when crude went over $100/b.

[DefiantMassRINO]

That presumes that there are no criminal, smugling, or blackmarket operations inside and outside Iran. 

The IRGC are a criminal enterpise that cannot be defeated with just a military.

Iran has been preparing for war with the United States for 47 years.  That's 47 years of figuring out ways around US sanctions and financial controls.  They have ways of making and moving money.

Plus, they don't need as much as the United States because they are not burdened with a $35 Trillion national debt (that the government has on their public books) like the US.

Iran is playing their game by their rules.

Their biggest weapon is cash by selling oil, which they cannot do unless we permit them.

To defeat Iran we must keep their ability to raise cash in limbo.

Since I worked for several oil companies, I have lots of oil stock and have been reaping the bonanza by doing some serious selling when crude went over $100/b.

[mountaineer]

I thought the US was oil-independent. So why do our prices go up? 

[Idiot]

I thought the US was oil-independent. So why do our prices go up? 

Because it's a global market.

[IsailedawayfromFR]

That presumes that there are no criminal, smugling, or blackmarket operations inside and outside Iran. 

The IRGC are a criminal enterpise that cannot be defeated with just a military.

Iran has been preparing for war with the United States for 47 years.  That's 47 years of figuring out ways around US sanctions and financial controls.  They have ways of making and moving money.

Plus, they don't need as much as the United States because they are not burdened with a $35 Trillion national debt (that the government has on their public books) like the US.

Iran is playing their game by their rules.

Any oil volumes leaving Iran would be too small to make a dent, and, like I said, the US would have to permit it by sea, rail or road.

[IsailedawayfromFR]

I thought the US was oil-independent. So why do our prices go up? 

We don't set crude prices.  The world market does.

And we have not been oil independent since 1957.