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Originally Posted by Skybird
Let Iran block the Hormuz strait in case of war (I think it has the military capacity to reach that goal even against American resistance, since tankers are both very tasty and very vulnerable), and this thread's money-numbers will be outdated very soon.
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Screw that. Prices are already going up because oil companies are affraid it might possibly have a chance of perharp happening! When they actually block the strait (I'd love to see that), all it'll mean is that all those philipinos on those tankers will get war pay. (I wanna go! War pay is good!) It probably won't stop more than maybe, just maybe, a VLCC (A drop in a bucket)
And the government doesn't do **** because hey! Tax revenue!
Oil's a racket.