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JD Vance gloats that allies are 'suffering more than US' from high gas prices (www.thelondoneconomic.com)
submitted 7 months ago by to c/world@lemmy.world
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The worst and most stupid bit is this:

Speaking to crowds on Wednesday, vice president JD Vance said US allies are "suffering from this, frankly, more than we are."

He claimed this was because they had "focused on a lot of green energy scams and they're hurting a lot more than we are."

Vance continued:"As much as we've got to focus on getting these gas prices down, the reality is overseas they're feeling it far worse than we did because we've taken the steps to protect our energy economy.

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[–] 3 points 7 months ago* (2 children)

Does lifting sanctions on a country that you're at war with the smart thing to do? Literally helps to fund their enemy.

Also:

Energy analysts, including Brent Erickson, a managing principal at Obsidian Risk Advisors, have said the administration’s efforts to control prices would not have a meaningful impact until the strait is opened to vessels.

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  • [–] 2 points 7 months ago* (1 child)

    Does lifting sanctions on a country that you’re at war with the smart thing to do? Literally helps to fund their enemy.

    It is not a zero sum game. Letting the oil through, and thereby preventing the world market from a total tail spin, probably helps the US more than it helps Iran. So is on the surface surprising, but surprisingly rational on second look.

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  • [–] 3 points 7 months ago* (last edited 7 months ago)

    Its not enough to make a meaningful differece. Pulling all the levers still cant close the huge gap of the blocked straigt.

    The problem is that no matter how many of these strategic levers governments pull, they just can't replace the amount of oil that's stuck waiting to move through the strait.

    "Fifteen million barrels a day isn't easy to offset anywhere," says Dan Pickering, the chief investment officer with Pickering Energy Partners. "That's the total production in the United States, and we're the biggest producer in the world. There is no easy fix."

    Starting the war was a colossal fuck up that they cant fix except by ending it.

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