[quote]UtahLama wrote:
[quote]orion wrote:
[quote]UtahLama wrote:
[quote]orion wrote:
[quote]UtahLama wrote:
[quote]pushharder wrote:
[quote]Bambi wrote:
If we invade Iran the resulting economic armageddon will make the fall of Lehmann Brothers look like a light prostate massage.
This is not to condone or condemn what the Israelis are doing, but I think this is a key issue holding players back right now.
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Explain your hypothetical cascade of events. I’m truly interested in how you would see things go down.[/quote]
The only economic worry in all of this is for the broke european countries that have large oil contracts with Iran.[/quote]
Nonsense.
The oil price is determined by marginal demand, there is no reason to believe that Canadian or Venezuelan oil will automatically be delivered to you.
In fact, I bet that a lot of countries would rather deliver it to us, provided that we pay what you would pay?
Need I remind you that the average European household needs one half of the energy of a US one and you do not really have twice the GDP per capita to offset that.
In short, we could, and would, outbid you.
We need less and make about the same as you do, you cannot compete. [/quote]
I was not talking about the U.S. o’ late arriving Orion.
I was speaking of those euro joiners of the embargo, who cannot afford for Iran to cut them off before they are ready.
[/quote]
They are fucked anyway.
They never will be ready. [/quote]
First off…Germany is doing better than most(which I’m sure is all that you care about anyway) I would not lump all of Northern Europe together…we will see if they continue to support the rest of the continent.
The U.S. will not be crippled by a loss of Iranian oil, other countries will up their production per agreement (Saudi Arabia for one) and even though they will not be able to cover all of it, there will be enough to prevent a panic.
[/quote]
How will Saudi Arabia supply and deliver it though with a) Shia rebellions inthe east where all the oil is hindeirng supply b) possible no-go zones in the gulf. Bear in mind the Iranians will hit the americans where it hurts and will no doubt launch everything they have at oil installations. It’ll be brutal