This Oil Shock is (Already) Worse Than 1979
- Thread starter DerekJohnson
- Start date
GTFO
Not even close
Not even close
Sorry but I'm in the industry, Race is right, it ain't close. Domestic production alone puts a ceiling on prices let alone having shortages.
There were 3 oil shocks in the 70s
When I got my first car we could scrap up a dollar and get 3 or 4 gallons. Didn't know what gas mileage was
73 the peaceful Muslims tried to wipe Israel off the map again and OPEC cut supply to the west
Let me know when we go to odd and even days to sit in a gas line again
It did spur the domestic energy boom of the 80s
When I got my first car we could scrap up a dollar and get 3 or 4 gallons. Didn't know what gas mileage was
73 the peaceful Muslims tried to wipe Israel off the map again and OPEC cut supply to the west
Let me know when we go to odd and even days to sit in a gas line again
It did spur the domestic energy boom of the 80s
Ma and Pa Throbber were too poor in the 70s to buy fancy stuff like gasoline.
What also spurred the boom was Reagan ending the Excess Oil Profit Tax and oil price controls so capital flooded into the industry. Of course the dems screamed that it was a giveaway to the oil industry because dems do not understand the supply side thing at all. Never have, never will.
To put things in further perspective, in the early 70's when we had a real crisis with gas shortages, my mother would drop me off with our car at the gas station. She would then hop on the bus and it would take her to work. I would stay in the car for hours and move it up as car after car would get gas. I was about 11 years old. Once I got gas I would park the car in downtown Beaverton near the gas station, ride my bike home and she would get back off the bus after work and drive the car home.
Is it cost prohibitive to move the oil by train to the other side of the strait?
CallMeBigErn
Active poster
Very much so.
We got ours
The Euro trash need to get their ship out there lol
The Euro trash need to get their ship out there lol
CallMeBigErn
Active poster
Moreso, however, it's just not physically possible. 20% of the world's oil moves through the Strait. Over 100 tankers a day normally. AI tells me one tanker equals 1200 rail tank cars. So at least 120,000 rail tank cars of oil a day would be needed to match a normal day of tanker transport. Yeah.
looking fwd to when China has major say in that waterway 
Trump is on video since the 80s wanting to get Iran
Israel is a good ally unlike the Euro trash
Do you want it open or not?
Israel is a good ally unlike the Euro trash
Do you want it open or not?
Don't want enemies having control or charging tolls
We already fucked up the Panama Canal.
I suspect that you and I agree as we do on most things
Crush the mullahs and open the strait
Crush the mullahs and open the strait
It would take a lot of trains... easy targets... an underground pipeline would be better
Good lord what a story
