First to turn off are those AI data centers.
Probably not quite what you had in mind, but that might actually happen. The saudis are the main investors in AI. If they can’t sell their oil, they might be forced to pull out. It could burst the AI bubble all together and crash the US economy.
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I think the correct term is not “insisted on provoking” but “started”. Dropping bombs on primary schools and city centers is not a provocation, it is an act of aggressive criminal war
The increased energy costs will also likely cause an increased investment burn rate.
Hahahaha we’ll see
Highest oil got was in July 2008 at $147.27
Lehman Brothers went bankrupt in September 2008
👀
those are rookie numbers, I bet we’ll blow past that in a few weeks
Adjusted for inflation in today’s dollars: $220
That’s totally doable, if Hormuz stays closed, and I see no reason for Iran to reopen it, prices are gonna keep surging. Most of the energy going to Japan, Korea, and Taiwan was passing through there. They don’t even have large reserves. So, once they start running out, it’s gonna be a bloodbath.
The difference between 2008 and today is that the US is a net exporter, which means the US has the option cut its exports to keep oil prices down at home. That’ll have fascinating effects on global oil markets.
Yup, the US is largely self sufficient in oil and gas right now. However, if the US cuts the vassals loose, that’s going to be disastrous as well. The US has significant dependence on trade with G7 countries, and if they start collapsing economically, then there’s going to be blow back in the US as well. It’ll likely be a bit more delayed, but I can’t see how the US escapes this unscathed.
I got faith in MAGA. They are virtuosically incompetent, and will surely fuck this up far better than anyone in history.
Don’t threaten us with a good time.
