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Aramco Warns of Oil Market ‘Catastrophe’ if Strait of Hormuz Remains Closed

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16 hours ago, Eric Loh said:

Or simply go for alternative energy. Really that simple.

Agree but big oil companies control the world and always have.

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  • The control of Hormuz should be taken away from Iran permanently so that they can never hold the world hostage again.

  • Let me fix the for you... The control of ANYTHING should be taken away from the USA permanently so that they can never hold the world hostage again.

  • The IRGC small fast boats/minelayers are now being taken out. The USS George H W Bush carrier group will likely deploy to the straight. Trump has said the US will insure ships passing through. Not lon

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This is how Iran will win this war. The pain to the rest of the world (and America) will simply become too great.

When will Republicans realise that sending billions to Israel every year and joining Israel in this war is not MAGA, it's MAPA (making America poorer again).

15 hours ago, Autocan said:

You were there more than 40 years ago, old man. Things have changed.

Like I said, old man, land based artillery will cover all of the Strait from the Iranian side. Nothing's going through now other than Iranian-approved shipping.

And the insurance companies won't touch the Persian Gulf which basically stops shipping faster than gunboats.


It actually hasn't changed. The USA travels the straits often, they do that thing you claimed they can't do.
Unless of course you have a source for that, you do, right ?

Oh, now its land based, huh, I must have missed that.

So you have a source saying that possible more than once ? Right ?
More than a one time deal, right ?
Of course you know as soon as they fire, all of them will be destroyed . Right ?

You do know that many of them self insure, right ?

Here's your AI that you love giving the answer for you.

Shipping companies and cargo owners frequently self-insure, particularly when their annual insurance premiums exceed the cost of potential losses. This strategy involves setting aside internal funds to cover damages, theft, or loss, rather than purchasing third-party insurance, often used by companies with high volumes of low-value, robust goods.

Cahoot.ai

22 minutes ago, Slowhand225 said:
15 hours ago, Autocan said:

You were there more than 40 years ago, old man. Things have changed.

Like I said, old man, land based artillery will cover all of the Strait from the Iranian side. Nothing's going through now other than Iranian-approved shipping.

And the insurance companies won't touch the Persian Gulf which basically stops shipping faster than gunboats.


It actually hasn't changed. The USA travels the straits often, they do that thing you claimed they can't do.
Unless of course you have a source for that, you do, right ?

Oh, now its land based, huh, I must have missed that.

So you have a source saying that possible more than once ? Right ?
More than a one time deal, right ?
Of course you know as soon as they fire, all of them will be destroyed . Right ?

You do know that many of them self insure, right ?

Here's your AI that you love giving the answer for you.

Shipping companies and cargo owners frequently self-insure, particularly when their annual insurance premiums exceed the cost of potential losses. This strategy involves setting aside internal funds to cover damages, theft, or loss, rather than purchasing third-party insurance, often used by companies with high volumes of low-value, robust goods.

Cahoot.ai

I stand by what I said and disagree with you.

However, I would like to take the opportunity to apologize for using the invective "old man". Now I read again what I wrote, this was rude and uncalled for. I got carried away. I unreservedly apologize.

I'm surprised no one is warning about oil spills. It should be only a question of time before a major environmental catastrophe happens. I wonder who has more to lose in an oil spill, the Iranians or the other countries?

I'm more concerned about supply to the electrical grid so that I can keep charging up my e-bike. Fortunately, Thailand's grid sources only about 1-3% of its energy from imported oil/diesel.

Source

Share of Electricity

Natural gas

~55–60%

Coal / lignite

~15–20%

Imports (hydro from neighbors)

~10–15%

Renewables (solar, wind, biomass)

~8–10%

Oil / diesel

~1–3%

29 minutes ago, phaholyothin said:

I'm more concerned about supply to the electrical grid so that I can keep charging up my e-bike. Fortunately, Thailand's grid sources only about 1-3% of its energy from imported oil/diesel.

Source

Share of Electricity

Natural gas

~55–60%

Coal / lignite

~15–20%

Imports (hydro from neighbors)

~10–15%

Renewables (solar, wind, biomass)

~8–10%

Oil / diesel

~1–3%

A lot of that Natural Gas is LNG and the largest exporter of that is Qatar.

All the lefties are suddenly fans of unlimited cheap oil. 😁

What happened to their windmills and solar panels powering everything?😄

What happened to their electric cars powered from cow poop powered generators ?

Greta will be out soon. “What do we want? Oil. When do we want it? Now”

Trump can reverse their so called beliefs on every subject. Rent free.

4 hours ago, Slowhand225 said:


It actually hasn't changed. The USA travels the straits often, they do that thing you claimed they can't do.
Unless of course you have a source for that, you do, right ?

Oh, now its land based, huh, I must have missed that.

So you have a source saying that possible more than once ? Right ?
More than a one time deal, right ?
Of course you know as soon as they fire, all of them will be destroyed . Right ?

You do know that many of them self insure, right ?

Here's your AI that you love giving the answer for you.

Shipping companies and cargo owners frequently self-insure, particularly when their annual insurance premiums exceed the cost of potential losses. This strategy involves setting aside internal funds to cover damages, theft, or loss, rather than purchasing third-party insurance, often used by companies with high volumes of low-value, robust goods.

Cahoot.ai

Lol! As if self insured boats would risk to be attacked by crossing the strait! 🤣

20 hours ago, Slowhand225 said:


They have been escorting tankers and yesterday a comercial tanker went through un escorted.

The article is BS, its not an issue for anyone except those that were buying oil from them.

It seems you are making that up.

No crossing reported, except Iran linked ships or Chinese ships.

https://www.hormuztracker.com/

https://hormuzstraitmonitor.com/


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