Re:'It's All Happening Again.' The Supply Chain Is Under Strain
by jncfhnb on Monday June 24, 2024 @02:57PM
(#40779449)
Ok but just logically. What’s more important? 80% of your economy? Or more expensive energy? Whatever we believe about the latter, the former is existential.
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Re:'It's All Happening Again.' The Supply Chain Is Under Strain
by antisthenes on Monday June 24, 2024 @04:21PM
(#40780250)
> 80% of your economy? Or more expensive energy?
Logically they are the same thing. Economy makes things with energy.
Re:'It's All Happening Again.' The Supply Chain Is Under Strain
by jncfhnb on Monday June 24, 2024 @05:06PM
(#40780772)
Let’s use common sense though please. What’s more important?
~90% of government revenue that has no substitute?
Or ~10% of oil imports for which there are a plethora of alternatives?
Re:'It's All Happening Again.' The Supply Chain Is Under Strain
by AnimalMuppet on Monday June 24, 2024 @05:45PM
(#40781186)
Well, see, that was my question. Are there a plethora of alternatives for China? If they cut off Iran, where would they get the replacement oil from? Who has the capacity. Are they willing to sell to China? If so, at what price? If it's freely available, and at the same price, that answers my question. If it's only available at a higher price, then the question is, what does that higher price do to China's economy? And if it's not available at all, what does the absence do to China's economy?
You said "a plethora of alternatives". Are there, really? Can you (or someone) show that others are ready and willing to supply that much oil?
Re:'It's All Happening Again.' The Supply Chain Is Under Strain
by jncfhnb on Monday June 24, 2024 @06:18PM
(#40781631)
No matter what kind of interesting questions you want to pose, shutting down ~90% of tax revenue is worse than shutting down 10% of one source of energy. It’s frankly very silly to hypothesize otherwise.
Re:'It's All Happening Again.' The Supply Chain Is Under Strain
by ipaddr on Tuesday June 25, 2024 @12:33AM
(#40784516)
Oil prices go higher and more countries open up rules to allow some Iranian oil. That 90% gets replaced but that 10% loss causes the 90% to increase.
Losing Iran's oil probably causes a world war.