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Black Gold Oil spiked with Iran and The USA go to War?

serfserf Member Posts: 9,217 ✭✭✭✭
edited April 2019 in Politics
Trump has signaled to stop all waivers for Iran oil purchases and Iran has said it shut down The Straits of Hormuz! Oil has jumped on the spot market and it may get a whole lot worse for consumers of that black gold! Is the petrol dollar soon to be challenged where gold becomes the new exchange Anchor for oil?

serf

https://markets.businessinsider.com/commodities/news/oil-price-trump-administration-plans-send-iranian-exports-zero-2019-4-1028126621

https://www.bloomberg.com/news/articles/2019-04-22/iran-will-close-strait-of-hormuz-if-it-can-t-use-it-fars
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    Quick&DeadQuick&Dead Member Posts: 1,466 ✭✭
    edited November -1
    The USA has ample oil reserves and oil yet to be sucked out of the ground.

    In fact, the USA is EXporting oil now.

    I'd say, lets use our own oil and let they eat theirs! :D
    The government has no rights. Only the people have rights which empowers the government.
    We have enough gun laws, what we need is IDIOT control.
    Blood makes you related. Loyalty makes you family.

    I thought getting old would take longer. :shock:
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