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r0fl 19 hours ago

It’ll trigger a lot of political pressure which in turn will trigger more war

Expensive oil has a lot of repercussions

bryanlarsen 17 hours ago | parent | next [-]

Many people believe the root cause of the Arab Spring set of insurrections and wars was food inflation. And it's now a lot more expensive then what kicked off the Arab Spring.

ethbr1 10 hours ago | parent [-]

The difference with oil inflation is that it also directly boosts revenues in oil-producing Middle Eastern countries.

Consequently, they can offset core staple inflation (and usually choose to) to decrease unrest.

It's core inflation without high oil prices that torpedoes their fiscal options.

bryanlarsen 9 hours ago | parent [-]

Perhaps it makes it less likely in the middle East, but it makes it much more likely in countries vulnerable to both oil & food price inflation.

The immigration crisis caused by Arab spring toppled many governments in Europe.

If a similar set of crises happened in the Americas it would make the US's illegal immigration situation much worse.

red-iron-pine 18 minutes ago | parent [-]

> The immigration crisis caused by Arab spring toppled many governments in Europe.

that was entirely of their own making, though

hedora 18 hours ago | parent | prev | next [-]

Either that, or it will force most countries to electrify their economies, which has made economic + ecological sense for decades.

The oil interests will do everything they can to fight it. (Like buying off Trump, which probably had a lot to do with us starting the Iran war, and is certainly why we're cancelling many affordable energy build outs in the face of widespread shortages.)

Less corrupt economies will pull ahead, and technological progress will bifurcate. The US will probably be on the wrong side of this. China will probably be on the right side.

adi_kurian 18 hours ago | parent | next [-]

How quickly could we electrify our economies and what dent in oil dependence could be made with a will?

adrianN 18 hours ago | parent | next [-]

I doubt people here can give realistic estimates as to how quickly we can ramp up the production of e.g. heat pumps, since a lot depends on how much we're willing to pay for it. There are many areas where we have the technology to electrify, we just don't do it because at current fuel prices pay back times for electrification are too long. There are also simple things like better insulation for buildings that can dramatically reduce fuel demands.

fy20 16 hours ago | parent [-]

The US produces much more natural gas than it consumes, so changes like this don't really make sense.

Europe started implementing these initiatives a couple of decades ago, it makes sense there as they are a net importer, with residential prices around 3x higher than the US. In my country a newly built house (very low energy demand) is often cheaper to heat with a heat pump than natural gas, especially if combined with solar PV - but that's still more expensive than a home in the US.

The most impactful usages are transportation, as everywhere basically everything is transported by road, and renewable electricity generation, so fossil fuels can be used elsewhere (residential, industrial, etc).

eucyclos 18 hours ago | parent | prev [-]

Europe, particularly Germany, has quite a will. Maybe a little faster than that given there are lessons to be gleaned from it.

samaltmanfried 18 hours ago | parent | prev | next [-]

> Like buying off Trump, which probably had a lot to do with us starting the Iran war...

Oil companies have actually not benefited from America's middle-eastern wars. America's regime-change wars have made the region less profitable for US oil companies. Why invest in infrastructure in countries with unstable regimes, or risk of infrastructure becoming a target?

If anything, energy companies would benefit from the sanctions on Iran being lifted, so they could invest in infrastructure there, or buy gas from Iran.

I hope one day this silly 'war for oil' meme will disappear.

BLKNSLVR 17 hours ago | parent [-]

cough Russia cough

rayiner 16 hours ago | parent | prev [-]

> Like buying off Trump

That’s a weird thing to say considering that the Iran hostage crisis helped swing an election almost half a century ago. It’s not like nobody thought about going to Iran until someone bribed Trump to do it.

The far more rational theory is that Trump did it to deflect from his failure to combat inflation domestically. They made an entire movie about his. (Wag the Dog.)

18 hours ago | parent | prev | next [-]
[deleted]
jmyeet 17 hours ago | parent | prev [-]

This war of choice is going to redefine the US's policy and relationships with Middle East, China, Russia and Europe for the rest of the century. Even if it ends tomorrow. Mainly because the only way it ends tomorrow is if sanctions on Iran are lifted. And they should be lifted anyway so I'd be a fan of that.

China, Iran and Russia look to the the big winners here. Everyone else is a loser, the US the biggest loser of them all. In history books I think this will go down as the biggest geopolitical miscalculation and mistake in US history of anything to date and it's not even close.

The Middle East consists of a bunch of US client states where arms are used to maintain fealty. The US gives arms to a despotic regime who enrich themselves off of their country's natural resources and they use those arms to stay in power.

This last month has shown the US security guarantee to the Gulf to be a paper tiger. This is a seismic potential rift between the US and Israel. This war of choice has undermined relationship with long-term allies (eg in Europe) who were never consulted and never approved of this war and may suffer with significantly higher electricity prices as a result.

This is a Napoleon invading Russia level of blunder.

rayiner 16 hours ago | parent | next [-]

> biggest geopolitical miscalculation and mistake in US history of anything to date and it's not even close

Bigger than Iraq?

jmyeet 16 hours ago | parent [-]

Unquestionably.

As weird as this sounds, militarily and strategically, Iraq was a relative "success". I mean not to the thousands or millions harmed or killed by US actions and all the damage done along the way, but Iraq now does a US-friendly regime and it exports oil to the US and a bunch of allies. Should we have done it? No. Was it worth the price? No. But was it a complete failure? Also, no.

Unlike Iraq, there's no way to invade Iran. it's surrounded by mountains on 3 sides and ocean on the third. It's a country is ~93 million people with a regime and a military specifically designed to resist US bombardment and interference. The chokehold it has on the Strait of Hormuz is currently being demonstrated. And there's nothing the US can do about that.

If the leaked terms of the 15 point plan are true (and that's a big IF) and any end to hostilities looks remotely like that, Iran is going to end up in a substantially better position than they had under the JCPOA and sanctions will also likely end. That's now the price of peace.

And in doing that the US has worsened and likely will redefine its relationship to every country from Spain to Japan.

It is the biggest own goal in US history.

ethbr1 10 hours ago | parent | next [-]

> And there's nothing the US can do about that.

1. Send Marines to seize Kharg island via long range air assault from 2 ARGs + land bases

2. Flood Kharg-adjacent mainland with tactical aviation to eliminate short range artillery and rocket systems

3. Fortify position on Kharg island and declare all oil revenue will be placed in US-controlled holding account, with release to Iran contingent on cooperation (re: Why occupy Kharg? Because then you have actual money in an account as leverage, while calming international oil prices and consumers, not just a blockade, which antagonizes international oil consumers)

4. Declare a buffer demilitarized zone around the Strait of Hormuz

5. Land Marines in buffer zone if necessary to monitor

~50% of the revenue to pay the Iranian military comes from oil exports. Therefore, the Iranian regime doesn't survive without oil export revenue. 90% of Iranian oil is exported through Kharg.

It's an aggressive plan, but it's feasible.

Especially because Iran has no ability to repel an invasion of the island or retake it once it's occupied.

Their only possible reaction would be to bombard troops there, destroying their own export infrastructure in the process.

Which would depend on how close to the mat the current regime wants to take this, as that would also seal their eventual downfall.

red-iron-pine 10 minutes ago | parent | next [-]

there is no way the USMC would be able to hold Kharg and the buffer zone without extensive casualties. the buffer zone would be a full-fledged combat zone, non-stop. you'd see Ukraine-at-its-worst levels of drone strikes, and the US military is not equipped to deal with that, not yet.

the Iranian missile stockpile may be drained thin, but their army and conventional equipment surpluses could absolutely maintain a consistent and aggressive pushback.

> Their only possible reaction would be to bombard troops there, destroying their own export infrastructure in the process.

it's already destroyed mate. and keeping it up and running would be a tall order when the Iranians are right there.

> ~50% of the revenue to pay the Iranian military comes from oil exports.

this is a country that convinced children to charge through minefields during Iran-Iraq; you think pay is going to stop them? or that China and Russia wouldn't give them ample weapons?

there is no winning play here

ifyoubuildit 7 hours ago | parent | prev [-]

"Their only possible reaction would be to bombard troops there, destroying their own export infrastructure in the process."

Right, so if that's their only possible reaction, isn't that a bad thing for everyone? It looks like they've made it clear they're not going down without bringing everyone else with them, and why would they? What options do they have?

franktankbank 5 hours ago | parent [-]

> they've made it clear they're not going down without bringing everyone else with them

Isn't that exactly what you would say even if you didn't mean it?

ethbr1 5 hours ago | parent | next [-]

You'd think everyone would have learned by this point that none of the belligerent major world powers mean what they say anymore.

Definitely not Russia, China, and the US.

They all transparently see diplomacy and messaging around it as a tool of war. Small surprise when others do too.

ifyoubuildit 3 hours ago | parent | prev [-]

I mean they seem to have made it clear by their actions. They're in an existential situation, so its not like there is any reason to hold anything back.

If your opponent is trying to turn you into Libya, then whatever you do just has to not fail as badly as that for it to be the right move. You basically become a cornered animal.

master_crab 11 hours ago | parent | prev [-]

I don’t disagree with any of your assessments, but I don’t know if it’s a bigger mistake than Iraq…yet. That war was a 10 year (longer if you bc point ISIS) debacle that cost trillions.

Let’s wait a few years before saying this mistake is bigger first.

However, one point that I agree with that might lead to this war being worse: the Gulf are showing some serious buyers remorse with sticking in the US orbit. Both the uselessness of America’s strategy and the almost clear prejudice Trump shows towards the Arabs vs Israel in the decision tree of this conflict is unsettling for the Gulf states.

vasco 17 hours ago | parent | prev [-]

Not sure how iran is winning while getting destroyed. It'll be another refugee crisis

esseph 14 hours ago | parent [-]

Winning for Iran, their whole strategy, is that their pressure on the straight hurts the US and world economy to a devastating level.

What the US is gearing up for right now is a multiyear war where the US military goes into the island tunnels and tries to hold the Straight open by force.