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jonatron 3 hours ago

Crude oil is over $100/barrel now, affecting almost everyone everywhere.

piva00 3 hours ago | parent [-]

There's no off ramp whatsoever for both Iran, and Israel and the USA. This will trigger a global recession, everything is about to get much more expensive.

Absolute disaster, all to fill up the coffers of American oil companies...

ahsillyme an hour ago | parent [-]

I don't think any reasonable person would think this decision works to fill the coffers of anybody. Everyone is getting shafted.

piva00 an hour ago | parent [-]

Oil companies in the USA seeing a price hike from ~US$60 to over US$100? It definitely fills their coffers, lots of barely-profitable/non-profitable shale extraction becomes viable.

Of course, there's also the angle with Miriam Adelson who might have sweet talked Trump into going aboard with Israel on this disaster.

ahsillyme an hour ago | parent [-]

Alright, it was my assumption that we'll be left with a totally dysfunctional economy, and in that sense whatever's in you bank account means very little. If I were an oil exec I wouldn't trade that world from what we had before even if money was my only objective.