Iran will completely shut the strategic Strait of Hormuz if Trump executes threats to target Iranian energy facilities, the country’s Revolutionary Guards said in a statement on Sunday.
Trump on Saturday threatened to “obliterate” Iran’s power plants if Tehran did not fully reopen the Strait of Hormuz within 48-hours, suggesting a significant escalation barely a day after he talked about “winding down” the war, now in its fourth week.
In their Sunday statement Iran’s Revolutionary Guards also said companies with U.S. shares will be ‘completely destroyed’, if Iranian energy facilities were targeted by Washington and energy facilities in countries that host U.S. bases will be ‘lawful’ targets.
How long do you think that position will last?
If energy infrastructure is destroyed, then “paying a little bit extra at the pump” is just the beginning. You will need to reduce your overall consumption by 15-20%.
Remember the worst month of Covid? That’s the last time consumption was reduced so heavily. Now imagine that Covid lifestyle for 5 years as energy infrastructure is rebuilt.
The joy of Trump’s downfall will not be enough to mask the real economic pain, unfortunately.
You say that as if I haven’t already been doing that.
I feel like this would be a net win for the world. Everyone in the old empire is shooting themselves in the dick right now. If Iran stops the flow of oil, countries are going to be forced to very, very, very quickly invest heavily in renewables more than they already are.
This idiot may have single handedly put a dent in global warming.
Also an Oil Shock will almost certainly cause the AI bubble to burst, another win which also reduces global warming.
Personally I would also love to see the ended of the Reserve Currency status for the USD, which is a possible consequence of the reduction in use of Oil (though it’s a less likely outcome in the short and even mid term).
PS: By the way, great username.
haha, thank you
I also recognize my privileged position when I say this: I’m pretty sure I can tolerate it longer than the American Oligarchs will tolerate the loss of profit and start using those politicians they’ve purchased to put an end to it.
It will accelerate energy transition.
Even Fertilizers can be produced from renewable power (the hydrogen needed to make Amonia can be produced by electrolosys) and need not be made from gas.
A short sharp pain might be in the best mid and long term interest for most of us, the environment and even parts of the Middle East itself (American interference there makes no sense if their Oil is just another unimportant mineral product) and it might even lead to the end of the USD Reserve Currency status.
Yeah nah probably about a day or two.