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☆ Yσɠƚԋσʂ ☆@lemmy.ml to World News@lemmy.ml · 1 day ago

Oil market clock is ticking as supply crunch looms

www.reuters.com

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Oil market clock is ticking as supply crunch looms

www.reuters.com

☆ Yσɠƚԋσʂ ☆@lemmy.ml to World News@lemmy.ml · 1 day ago
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  • Maeve @lemmygrad.ml
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    8 hours ago

    https://www.msn.com/en-us/politics/government/us-greenland-envoy-claims-president-trump-cares-about-putting-greenland-on-the-map-through-oil-exports/ar-AA23Pfi1

    https://thehill.com/policy/defense/5890226-trump-sends-troops-poland/

    • ☆ Yσɠƚԋσʂ ☆@lemmy.mlOP
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      7 hours ago

      I don’t really see how that helps the current crunch though. Any new oil development is going to take years to ramp up. By then the crisis will have already happened, and likely countries will have started mass switching to renewables from China.

      • Maeve @lemmygrad.ml
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        7 hours ago

        It doesn’t, anymore than Venezuela’s sour crude did. It appears the stable genius gets a bright idea, but lacks the ability to think it through or seek wise council. Now if the Pentagon and businessmen are advising him, I’d wager they have their own agendas and advise our Genius-in-Chief accordingly, with or without the ability to think it all the way through. Additionally, I can say I’m also guilty of this deficiency, or I can and the results aren’t what I’d imagined (and I’m guessing it’s a shared bane, regardless of station, status, education, mental acuity, or lack thereof). Finally, I’m not advising an emotionally unstable person in a global position of power, with codes to wreak wholesale nuclear destruction on the entire planet.

        • ☆ Yσɠƚԋσʂ ☆@lemmy.mlOP
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          7 hours ago

          Yeah, very much agree with all that. The decision making is very erratic. Although, I do think that attack on Iran was largely about cutting Asia and Europe off from the energy in the Gulf. While Venezuela and Greenland could be long term grabs where they don’t necessarily expect an immediate benefit. The big question is whether the US economy can handle the immediate shock.

          • Maeve @lemmygrad.ml
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            5 hours ago

            I guess we’re about to see!

            • ☆ Yσɠƚԋσʂ ☆@lemmy.mlOP
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              4 hours ago

              yup

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