President Trump declared Wednesday night that other countries should "take the lead" on the Strait of Hormuz in yet another signal that the US may aim to depart Iran with that economically vital issue unresolved.Shut down Fort Knox, and your pile of moolah just got more valuable. If Bone Spur Samurai© really, really were "America First", he'd direct an EO (or demand that Congress...) to implement 100% export restriction on USofA petro products. That'd show 'em!! But, of course, he won't do that, since his best buds in the petro bidnezz are reaping scads of excess profit off the blocked Strait.
A couple of oddities, yet unresolved in my brain. MidEast oil is the light sweet stuff, while most of USofA refining is structured for heavy, sour stuff. Venezuela has a lot of that. West Texas Intermediate and shale tend toward light, sweet. So, it'd cost a bundle to make the USofA "independent" in oil, using only/mostly our indigenous stuff. Each type/grade of crude needs a refinery designed to it, so the USofA has a lot of light, sweet stuff, but for historical reasons, the refining infrastructue tilts toward the heavy, sour stuff. Switching is acknowleged to cost a bundle. Go figure. OTOH, one of the talking head pundits on the Lunatic Left MS... noted that the Venezuela crude is too bad for gas refining. Who knows?
But, given Bone Spur Samurai©'s reptilian brain, doing an Oil Patch Goldfinger is right up his alley. Cut off the feed stocks for our frenemies? Interestingly, most of the countries which import middle east oil are Asian, not European. It appears that Uncle Sugar's Country is the major supplier to Europe's refineries. What will Bone Spur Samurai© do?
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