dajo9 said:
PAC-10-BEAR said:
The world just... switched suppliers? Like changing your internet provider?
Iran played its biggest card and the main result is that the United States became the world's emergency gas station and China's cheap energy subsidy evaporated.
That's how gas prices go up for U.S. consumers because Trump got the Straight of Hormuz shut. Domestic oil producers will gladly send oil to Asia for a higher price. U.S. consumers will have to compete on price globally. RIP CPI. Sadly most MAGA don't understand how markets work. They only know what Trump tells them.
Sadly, this has repeatedly been the case on
Bearinsider.MAGA posters having little knowledge on how the markets work, talking about things that they know nothing about because they came across a ridiculous tweet on the internet thinking that it shows off Trump's "genius".
As you point out, our domestic producers are sending oil to Asia for a higher price.
Thus, sending our prices higher.
Never mind that fact that Iran has so much oil floating around on the oceans of the world (outside of the Straight) that their biggest customer, China will be amply supplied thru July.
Meanwhile, American's will continue to see more and more of their income devoted to higher fuel and food prices.
And people still think that Trump is playing 3D chess.
Hilarious!