President Donald Trump warned Iran that “the clock is ticking” on their proposing a nuclear deal that the U.S. can accept on Monday. He says he is also preparing a military response if Iran does not cooperate.
https://www.foxnews.com/live-news/trump-iran-war-israel-hormuz-nuclear-deal-may-18
Well at least the oil companies are happy
Who says they’re happy?
Them, by way of their revenue and stock numbers.
Edit: here. https://abcnews.com/Business/oil-companies-profiting-iran-war-experts-explain/story?id=132581572
TL;DR anyone not being fucked by the conflict zone is making bank.
You think that oil companies set their own stock numbers? Or that they’re content because revenue is high right now?
Don’t be fooled, they are not so shortsighted that they believe that high prices long term is good for business. What that would cause longterm is companies seeking alternate sources for fuel, and becoming more leery of oil as an energy source moving forward.
Yes that’s a well thought out line of reasoning, but I couldn’t hear you over the dumptrucks full of cash
You seem to be having a hard time with this, and I’m not sure why; it’s not like oil companies are famous for their dislike of war and short-term profits at great future and social expense…
Most of the political moves supported by the oil industry have supported their future though. What Trump is doing now will support American oil companies’ futures as well…if they are successful. But if Trump can’t get the strait of Hormuz open, that will be a net negative for these oil companies over time, especially if America can’t (or won’t) boost domestic oil production, and can’t get oil production in Venezuela off the ground by the end of the year.