What will it take for the US to drill its own land again?
posted by pylornsRecently, several key officials and key military personnel in Iran have threatened to close the Strait of Hormuz if they are attacked by Israel. Or they just might close it because they are pissed with the world. Now, given that 40% of the world’s oil passes through this strait currently, you can imagine the type of problem that would cause. Lets also discuss what would happen is a US backed Israel attacked Iran. A major concern is that China and Iran are very good buddies, and while China may frown on Iran closing down the straight, they most likely would not go to war with the US and Israel. But, they could impose sanctions on the US. Although it would hurt the Chinese economy since the majority of Chinese exports come to the US, they would do it out of political and strategic spite to bend the US to coming to some sort of quick agreement to not back Israel.
So what is the fall out? The American economy will plunge into darkness. If Chinese sanctions are imposed on exports Wal-Mart will close up shop very quickly, followed suit by many other large retailers like Kmart, Sams, and Ikea would suffer, while they are a Swedish store, the majority of their products are made in China. Ikea does not first ship their product from China to Sweden they ship from China to the US. So there would have to be some creative shipping involved. Granted the US is not Ikea’s only country they sell to, but it would hurt their profits because Americans are some of the top consumers of Ikea products.
Forget about $4/gallon gas try $8/gallon. How can you work at McDonalds making $9/hr when it costs you your entire pay check to fill your car up twice in one week? Let’s assume you take $1440 home a month, you need to subtract $640 in gas if it was at $8/gallon.
How long do you think it will take to club a couple baby seals in Alaska to drill for oil now? How about drilling off the coast of Florida?
Tags: alaska, china, gas, hormuz, iran, oil, Politics
Posted in Politics, news |
July 1st, 2008 at 12:01 pm
The problem we are looking at is not sanctions against the United States, The problem we are looking at is global war. WWIII. Make no mistake about it we are very close to world war. I count three treaties that will draw us into unwinnable wars, and could lead to the distruction of the plannet.
But what the hell do I know.