Ironically investing in renewable energy and EVs is how Europe can increase its energy independence. It's not like they can pump that oil from their ground.
I imagine this war will speed up this conversion even more.
Ironically investing in renewable energy and EVs is how Europe can increase its energy independence. It's not like they can pump that oil from their ground.
I imagine this war will speed up this conversion even more.
Why are they allies when spoken to and treated like this?
This is a great question that I'm kinda raging about.
I'm Australian. Our fuel prices have increased by almost 50%. Inflation for this year is projected to be 5%.
This is a ridiculous, unnecessary war, serving the interests of a despot we have had no business in supporting.
I imagine that our Prime Minister would say, we were USA allies for 100 years before Trump, and will be for 100 years after he's gone. It's true that our alliance runs deep. The current AUKUS agreement concerns building submarines in partnership over several decades.
However, I'm peeved that our Prime Minister is tip toeing around avoiding saying anything mean about the pedo in chief. Trump has thrown us all under the bus for his own reasons, and absolutely deserves to be called out.
When Iran is more likely to keep its word than America, it is very frustrating to see our government keep pretending we are allies and that all is well.
Thanks for sharing your point of view. What a mess! But that's a good point about the history of nations, others also mentioning similar sentiments.
Believe it or not there was a time before Trump.
And some day not too long from now, there will be a time after Trump. He has an insane amount of health conditions, and he's the least popular president in living memory right now.
The question is if that will actually make a difference for the allies. They have shown how unstable they are, and that they are one bad president away from causing chaos for the whole fucking world. I'd hope there will have to be fundamental changes before that sentiment changes.
Biden dropped a ball by appointing Merrick Garland to not look like he is weaponizing DOJ (and MAGA still said he did). Had he appointed someone who had teeth trump right now would be in prison.
Sure, but Trump isn’t the problem. It’s the 30 or so percent of your country that creates Trumps and the other 70% too cowardly to throw a punch.
FTFY:
Why are they still allies when spoken to and treated like this?
They're US allies, and they know Trump is an old, increasingly demented man sinking his entire political party.
What's worse is that people actually believe him.
He's not stupid, his voting base is.
He missed his calling. He should be living in a trailer park with a yard full of weeds, broken toys and dog shit, a police record and a restraining order from his ex-wife.
Other aspects are already addressed in the comments, but this:
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.”
It doesn't even make sense: US attacking Iran affects fossil fuel delivery; countries that focus more on green energies are more resilient to such crises, not less.
In my EU country fuel prices rose noticeably ~12%. How much in the USA?
And if JD refers to Germany's over-reliance in Russian gas (which isn't very green anyhow): That's the pot calling the kettle black. The US have already lifted sanctions on Russian oil amid this war.
If a maga Republican is saying something, it's usually the exact opposite of what they are saying that is true. Look it up, this is not a joke.
They even lifted sanctions on Iranian oil
https://www.theguardian.com/us-news/2026/mar/20/us-sanctions-iranian-oil
They're doing great
But isn't lifting sanctions on Iranian oil actually the smart thing to do? Get all the oil to market, to ameliorate the supply shock. Even though it looks horrible from a PR angle.
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.
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.
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.
For anyone who doesn’t know, the US is the largest oil producer in the world, more than double any other country. So that’s the reason prices aren’t going up as much as they may be elsewhere, but also what that means is that when we attack Iran us oil company stocks skyrocket. People pay more, billionaires reap, hedge funds reap, the military industrial complex reaps. War as a service.
Oil prices are pretty global. If you look at the prices for European oil (Brent crude) and US oil (West Texas Intermediate), then they are $14 apart. Which is not nothing, but WTI is still up by 63% from pre-war. That is still going to hurt the US economy, a lot.
Also, in the US the oil price windfall is privatized, while the oil price pain is socialized. So the US will still feel almost the full pain.
There is some fuckery in US price. Asia is $60/bbl higher. Rumors of US export controls seemed contradicted by WH on Friday, and somehow prices went down in US by $1. Possibility of US treasury heavily shorting US futures (in secret or with secret financial allies) to manipulate price. With no export controls, US price should be $4 lower than Brent, and $8-$10 lower than Asia.
Asia is $60/bbl higher.
Asia get their oil through the Hormuz straight. Of course their oil price is higher.
There probably isn't oil tankers enough in the world to equalize the supply between the US and Asia. Hence you should not expect the price to be perfectly equalized between the US and Asia.
when I said that $10 is a normal limit for Asia premium, it is based on the shipping cost ($10) to get WTI to Asia. Brent crude premium is also high. That there may not be enough shipping capacity to pick up from US, while theoretically possible, the spread is so incredibly profitable that it shouldn't be $50 higher than normal profit, without every ship in the world lined up to make that profit.
You surely need a lot of oil tankers to sail oil across the Pacific Ocean - because each voyage takes so long. And there needs to be export oil terminals in the US towards Asia, which I assume there isn't currently, because Asia was supplied by the Middle East.
So a priory doesn't seem too surprising to me, that there is a price spread.
You surely need a lot of oil tankers to sail oil across the Pacific Ocean - because each voyage takes so long.
That is why the fair premium used to be $8 for asia (now $10) vs $4 for Europe. The entirety of the premium is to pay the shipping from one spot to the other.
And there needs to be export oil terminals in the US towards Asia
Everything is in TX and LA. There is not special Asian only valves or anything for shipping, and US has sold plenty of oil and LNG to Asia before.
Let's not forget all the Venezuelan oil that the execs said was to expensive to drill, higher price might just make it lucrative.
We have tons of untapped oil fields easier to drill in the US that oil companies are sitting on, and we already get something like 1/3 of Venezuelan oil as is
But we still need the oil from the middle east, we mix our heavier oil with theirs in the refining process. We're draining our reserves to keep the price low domestically, that and the statements that the strait will be reopened imminently is keeping the price relatively low... For now. Our economy is all speculation after all.
We have tons of untapped oil fields
But that is likely irrelevant for the timescale of this conflict, right? Surely the lead time for bringing new oil fields online is measured in years.
Nah, like a couple weeks. They ship in a team along with the equipment and then they go to town
Something like deep water rigs can take years to build, but actually tapping a well is pretty quick. But then you can't just seal it back up - or at least humanity has never bothered to learn how to do so. So companies will sit on them for years to keep production steady, if the cost of oil falls they might move it to a sacrificial shell company and leave it leaking for tax payers to eventually clean up
However, for the corporations that have to use oil instead of sell it, profits get eaten up by oil price rises. So this isn't a simple benefit for billionaires. Some of them must be absolutely furious at Trump right now.
Yep, give loser MAGA some hope that they’re not the bottom of the barrel they really are.
This all just plays into the kind of people they are. “You’re suffering, but look at how much worse that poor asshole over there is suffering. Don’t you feel great!?”
I cannot even begin to parse how he thought any of those words were a good idea, let alone in that order.
This is genuinely one of the dumbest things I have ever heard a human being say. Not only is it ludicrously, hilariously wrong, but even if it wasn't, why would that be a good thing? Why would you want to proudly declare how much you fucked over your allies?! Does he know what the word "ally" means? Do any of them know?
What does it help him when others suffer more? So USA is still suffering, but less? Great for them...
That's the Republican's whole shtick "Vote for us, we'll make those people you don't like hurt worse than we make you hurt"
That's religions ultimate schtick: Suffering with the reward after you die. Enough zealots and fanatics and you can commit the worst atrocities the world has ever seen.
In Spain, for example, electricity prices remain low thanks to renewable energy. This guy is stupid.
He so perfectly embodies the fascist ethos. You aren’t suffering, as long as others are suffering more.
I can’t tell if he’s incredibly un-American, or very very American.
This war is probably the most effective way to promote green energy. Similar to how Windows fucking up is the best way to promote Linux. People have to suffer before attempting different solutions 💀
Our infrastructure isn't completely built around cars. We have proper public transportation, walking and cycling infrastructure. The best in the world actually. I don't need gas or oil to cycle. And my electricity is made by windmills and solar panels.
I don’t need gas or oil to cycle.
Well, technically, it really helps to have a teensy bit to lubricate your bicycle's bearings. But that's all.
lol I’d love to hear them explain this green scam stuff
I've heard more than enough of it. They just repeat the same lies over and over
My father ran me through it one day. It involves Al Gore proposal to sell carbon tax credits.
I think this was such a repellent thought to oil companies that they scorched the very thoughts around it.
Too bad about that election.
"We created an unnecessary serious problem, but it causes more grief for you than for us! So why don't you come help us fix it (at our direction of course)."
Gee, can't guess why that might get some allies p.o.'d....
The US has allies??
Wait, so the person who aligned himself with an obese orange painted child rapist and narcissistic pathological liar doesn't know what he's talking about? I'm shocked, shocked I tell you.
I think I'm immediately going to go outside and smash up my solar panels, my battery system, and my heatpump. No, scratch that, I'll drive my electric car over everything.
Then I'll go and import a massive Ford F1CUNT mobile and roll moles!!
Or not. It's a tricky one...
I mean, yesterday we ran our entire house for free, charged the car for free, and exported a few quid of electricity back in to the grid...but, yes, oil and gas is definitely better for me and the climate.
Yes, I know not everyone can't do what we've done but the quicker everyone can get away from fossil fuels the better.
So FUCK OFF, COUCH FUCKING PAEDO ENABLER!
I hope you americans will hold this prick to account once the kiddie fiddling nonce finally dies.
"allies" are more likely to have renewable power sources than the US...and functional, widespread public transport systems
I'm pretty sure he thinks allies of the US are beta males that follow the US alpha male...
Stupid toxic masculinity and their constant attempts to cover up their weakness and insecurities by pretending they are 'real men'. And 'real men' don't have empathy. So they behave like self serving pricks.
Why do people vote baby brained bullies into positions of power?
I’m pretty sure he thinks allies of the US are beta males that follow the US alpha male…
Vance said Trump was "America's Hitler". Before Vance realized that he could get power by supporting Trump.
You seem to be using "he thinks" in the sense "Vance genuinely believes". I am not convinced Vance believes anything, his actions look like pure opportunism.
Before
VancePeter Theil realized that he could get power by [making Vance] supportingTrump.
No conservatives believe anything. They say and do whatever helps them in that moment and in the next moment they'll say and do the opposite as long as it helps them. They're animalistic, idiots who only react to things. There's no long term thinking, there's no layered thinking it's just "you think this is bad, so I'm going to say it's good"
The fact that Vance actually said that shows just how shitty of a person he is. If he recognizes the kind of person Trump is and still tries to use him to get into a position of power is scummy af.
What allies?
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