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Melon

(1,342 posts)

2. Much less of an issue for the US. We produce currently just under 14 million barrels a day

Reply to womanofthehills (Original post)

Sun Mar 1, 2026, 01:51 AM

Yesterday

On 20 million consumption. 4 million comes down from Canada plus now Venezuela. Bigger issue for China.
There has always been a risk premium to oil because of Iran. This will cause a premium, but not much yet. Brent is at $72 a barrel with the rise in price only $2 today so far which is nothing. In the last 5 days it’s up 2.5%. This is not driving prices yet.

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Twenty million barrels of oil passed through the Strait of Hormuz yesterday. Today the number may be zero. [View all] womanofthehills Yesterday OP

Of course! Seems an obvious consequence once it's brought to your attention. pat_k Yesterday #1

Pretty sure they are counting on it, to raise prices and make his oil buddies niyad Yesterday #4

Much less of an issue for the US. We produce currently just under 14 million barrels a day Melon Yesterday #2

Point is, it will angrychair Yesterday #3

You are quite correct. niyad Yesterday #5

China is just observing and taking notes for their plans on Taiwan BumRushDaShow Yesterday #9

The Middle East probably supplies 5% Melon Yesterday #10

There's a flaw ForgedCrank Yesterday #13

We won't be hit just as hard. Melon Yesterday #16

Just my ForgedCrank Yesterday #17

I think prices will rise slowly. Melon 23 hrs ago #18

The last two lines of that post: Another Jackalope Yesterday #6

How much does the rest of the world depend on oil exports from Iran? Aussie105 Yesterday #7

The entire ForgedCrank Yesterday #14

Al Jazeera just reported a tanker was attacked. roamer65 Yesterday #8

It'll be another excuse to raise the price of gas bif Yesterday #11

This will have a huge impact on China, India, Japan and South Korea Kaleva Yesterday #12

Orange Caligula is such a dip shit, though his grifting is unmatched. themaguffin Yesterday #15