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☆ Yσɠƚԋσʂ ☆@lemmy.ml to World News@lemmy.mlEnglish · 2 days ago

Gulf Oil Producers Have Already Lost $15 Billion Since the Start of the War

oilprice.com

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Gulf Oil Producers Have Already Lost $15 Billion Since the Start of the War

oilprice.com

☆ Yσɠƚԋσʂ ☆@lemmy.ml to World News@lemmy.mlEnglish · 2 days ago
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Gulf Oil Producers Have Already Lost $15 Billion Since the Start of the War | OilPrice.com
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The war-driven closure of the Strait of Hormuz is inflicting severe oil and gas revenue losses on Gulf producers.
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  • يا ليتني كوري شمالي @lemmy.ml
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    2 days ago

    The outlook is not looking good. Betting everything on US protection was a mistake. The people that will be hurt by this will be the most downtrodden and dependent on government welfare and services, one of the few good things about the GCC states.

    • ☆ Yσɠƚԋσʂ ☆@lemmy.mlOP
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      It’s going to be interesting to see if these proxies can even survive now. They all have one dimensional economies built around energy exports, and if this war goes on for any period of time they’re going to start crashing. And I’m sure being allied with US and Israel against Iran isn’t exactly playing well with their public either.

      • يا ليتني كوري شمالي @lemmy.ml
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        2 days ago

        I was really hoping that the China brokered peace with Iran was a sign of things to come. I don’t know if it is shortsightedness or fear, but they should have distanced themselves from the US. Even if they try and drum up sectarianism against Iran no one wants to die fighting for the US and Israel.

        • ☆ Yσɠƚԋσʂ ☆@lemmy.mlOP
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          It’s probably a combination of both. They are effectively under US occupation, and they also figured that they were too valuable for the US not to protect them. Now they’re realizing that they’re expendable, and that Americans can’t save them, but it’s too late.

  • calidris [he/him, comrade/them]@hexbear.net
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    • goferking (he/him)@lemmy.sdf.org
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      2 days ago

      Right! Rookie numbers

      https://media3.giphy.com/media/v1.Y2lkPWJmY2Q2MDNiZ3J2Mm1xbzB1ZXRpOGU2ejhlZWVndmVqbmVhamY5amtmZjd6amJqeSZlcD12MV9naWZzX3NlYXJjaCZjdD1n/YmQLj2KxaNz58g7Ofg/200w.gif

  • ☂️-@lemmy.ml
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    2 days ago

    thank you based trump for doing your best to end the oil age

    • يا ليتني كوري شمالي @lemmy.ml
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      Couldn’t he have done that by investing in renewables rather than killing thousands and ruining the lives of millions?

      • ☂️-@lemmy.ml
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        you can’t really hoard the sun and build your empire off of access to it. not until nuclear winter.

      • krolden@lemmy.ml
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        2 days ago

        No

  • LeeeroooyJeeenkiiins [none/use name]@hexbear.net
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    Someone should start a website that tallies just the cost of American shit blown up in the war and show how many universal healthcares or ended homelessnesses we could have afforded to do

    • ☆ Yσɠƚԋσʂ ☆@lemmy.mlOP
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      there is this https://iran-cost-ticker.com/

  • fishsayhelo@lemmy.ml
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    “lost” as if they were somehow principally entitled to it

    • Dippy@beehaw.org
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      I mean, they were expecting that money on the basis of incredibly consistent trends. That is a type of loss, especially in global economics

    • يا ليتني كوري شمالي @lemmy.ml
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      Yes, who else would be entitled?

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