The Iran War (was Nuclear Program) thread
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I hope they gamed it out well and have a plan for what they’ll do if a Russian or Chinese naval vessel tries to escort a tanker out.
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First, Putin's Russia benefits from higher oil prices and relaxed sanctions on Russian oil, now China's renewable energy business gets a boost.
The commies are winning.
Now the war with Iran has laid bare the risks of reliance on Middle Eastern oil and gas. Countries are realizing that all paths to renewable power run through China and its exporters.
Even if a cease-fire between the United States and Iran helps ease disruptions in the Strait of Hormuz, the shock has already grabbed the attention of governments worldwide. Faced with energy shortages, they are accelerating efforts to upgrade their power grids, bringing them to the doorstep of Chinese companies eager to supply them.
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First, Putin's Russia benefits from higher oil prices and relaxed sanctions on Russian oil, now China's renewable energy business gets a boost.
The commies are winning.
Now the war with Iran has laid bare the risks of reliance on Middle Eastern oil and gas. Countries are realizing that all paths to renewable power run through China and its exporters.
Even if a cease-fire between the United States and Iran helps ease disruptions in the Strait of Hormuz, the shock has already grabbed the attention of governments worldwide. Faced with energy shortages, they are accelerating efforts to upgrade their power grids, bringing them to the doorstep of Chinese companies eager to supply them.
Now the war with Iran has laid bare the risks of reliance on Middle Eastern oil and gas. Countries are realizing that all paths to renewable power run through China and its exporters.
Even if a cease-fire between the United States and Iran helps ease disruptions in the Strait of Hormuz, the shock has already grabbed the attention of governments worldwide. Faced with energy shortages, they are accelerating efforts to upgrade their power grids, bringing them to the doorstep of Chinese companies eager to supply them.
So what? China runs out of oil on June 8th. Ryan McBeth--a good analysis.
Link to videoBottom line is this war (except for a few dollars at the pump) isn't hurting me at all. Maybe higher prices for delivery of some things later on--but I'm not seeing a personal downside from the whole thing. And--some stocks are up and some are down. Overall I see a bit of a loss but that's a random occurrence anyway.
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