Middle East conflict

[onetrack]

More info on oil benchmark pricing .....

 

https://www.eia.gov/todayinenergy/detail.php?id=18571

[kgwilson]

Interesting as the types of crude oil is not something I have taken much notice of in the past. At least the market is not something Trump has got any control over but I bet that is something he wants as well as being King of the world. The other thing about prices of everything in the US is that is not what you actually pay. States impose their own sales taxes added on at the point of sale & there are even POS taxes for local authorities projects or even schools & churches.

[facthunter]

Does Trump have his own Brand of CRUDE oil?  Oils Ain't Oils, You know.  He excels in causing Friction and Seizing things.  The MOST POWERFUL "THING" the World has ever experienced, He Modestly Proclaims. "Trump will FIX it". Yeah but what does FIX Mean? Nev

[rgmwa]

19 hours ago, facthunter said:

My View hew is trying to deny CHINA Oil..  Maybe disadvantage Europe as well  and at the same time HELP his good Mate, Putin. Nev

That would require him to hold three different trains of thought in his head at the same time. I think that level of strategic thinking would too much for him.

[facthunter]

He is already doing the things Mentioned and they are Long term aims. Nev

[nomadpete]

Tis, at a deeper level than a Trump brainfart, not only about oil & grift.

 

It's all about military industry salesmanship.

 

Long read but an interesting look at the game playing in M.E.

 

https://wajeehlion.substack.com/p/empty-quivers-and-digital-yuan-chinas

[nomadpete]

Is USofA actually becoming a 'failed state'?

 

When the dust finally settles in the Middle East (I know, that's an oxymoron), will USofA go broke?

 

According to a report in the Washington Post, “Iranian airstrikes have damaged or destroyed at least 228 structures or pieces of equipment at U.S. military sites across the Middle East since the war began, hitting hangars, barracks, fuel depots, aircraft and key radar, communications and air defense equipment.”

 

The above costs have not been estimated in war expenses.

 

So in a 2 month 'brief excursion' in M.E. donold increased national spending by $50 BILLION. And depleted major weaponry by circa 60%.

 

To the east go the spoils of war.

[kgwilson]

The US is already technically broke with a debt/GDP ratio of 124% and rising rapidly. They will keep printing money though  but the chickens will eventually come home to roost. By comparison Australias debt/GDP ratio is 34.4%.

[old man emu]

The US economy is like a blockage in a drainage system. What backs up behind it keeps other countries afloat. If the blockage breaks down, then all those other economies will go down the gurgler too.

[onetrack]

The American economy thrives, and is largely built on, the manufacture of armaments. Even seemingly unrelated industry manufacturers such as Caterpillar and John Deere make huge profits from Military supply contracts. 

However, the wealth of America is dependent on the American companies selling their armaments and associated industrial production to other countries - thereby getting rich on fighting by other countries.

But when that military hardware expenditure is wasted on Americans own war activities - with little gain to show for it - either financial, territorial, or in any other form - then those losses can only weaken the American economy, and lead to huge American wealth destruction.

[facthunter]

Trump's Economics Make HIM richer and are Based on deals made when HE holds all the Cards. He knows FA about economics except to use it as a  weapon AGAINST Competitors and Allys. His Obsession with Punitive TARIFS is a good example. .He's an Economics Dullard actually.  Nev

[kgwilson]

In the meantime the UK, Germany, France, Sweden, other European countries & even Ukraine are all ramping up production in their own armaments industries to reduce and eliminate reliance on US arms. 50 year of that reliance is at an end. Also much of their technology is equal to or more advanced that that of the US. It will take a few years but in the long run little donny is f*#$ed. 

 

The main worry is what is Putins lot doing & the Chinese are full on as well. Hopefully i won't be around when the excrement finally hits the fan.