A good time to own an EV - Gas Prices about to go nuts [LOCKED DUE TO POLITICS]

[mkhuffman]

Zero arguments here.

Lots of arguments here.

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[superfly_snook]

Decision to got to RIVN was when I filled my raptor up in 2022. The gas attendant looked at the total price and then looked at me and said "just look away, you dont want to know".

I think it was around that same time or maybe 2021 when my son looked at the pump as I was close to finished filling up my Lexus GX and exclaimed $88!!!

 

[Time2Roll]

When oil spikes in Hormuz it takes max three days to feel the pain at the pump.
otoh if the price falls we have to wait six months for the full effect of price reduction.

 

[NY_Rob]

When oil spikes in Hormuz it takes max three days to feel the pain at the pump.
otoh if the price falls we have to wait six months for the full effect of price reduction.

It's always been that way, nothing's gonna change that. Quick to rise, slow to fall

 

[Count Orlok]

In regards to the bottleneck at the Hormuz, can someone tell The Count how, if we're winning, the straight is closed? And when it reopens, how long will it take for prices to drop to zero? TIA

 

[Cycliste]

Unavailability of war risk insurance has largely been resolved, though it is quite pricey

The major problem now is shipping attacks near or at the Strait of Hormuz. It just isn’t safe to run through there

No way to escort ships through the entire Persian Gulf because there just aren’t enough naval vessels to do so

Port facilities are also getting attacked

Marine fuel oil is also starting to get constrained

The US defines winning as destroying Iran’s ability to attack

Iran defines winning as the regime has survived

Oil prices could drop to zero or even go negative if oil is available but suddenly no one wants to buy oil for some reason, like an economic shut down in a pandemic, or oil storage fills up, etc

 

[UnsungZero_OldTimeAdMan]

In regards to the bottleneck at the Hormuz, can someone tell The Count how, if we're winning, the straight is closed? And when it reopens, how long will it take for prices to drop to zero? TIA

I fed your questions to the FDT translator...

• "winning"—I'm bored with this war. Let's move on and do Cuba. (double-handed nipple pinch gesture)
• "how long will it take for prices to drop to zero?"—I'm the king. They will do whatever I tell them to. (Oil execs: "hold my Balvenie")

 

[Zoidz]

Unavailability of war risk insurance has largely been resolved, though it is quite pricey

The major problem now is shipping attacks near or at the Strait of Hormuz. It just isn’t safe to run through there

No way to escort ships through the entire Persian Gulf because there just aren’t enough naval vessels to do so
...

The US defines winning as destroying Iran’s ability to attack

Iran defines winning as the regime has survived

Iran's ability to attack has been stunted/diminished - major systems have been destroyed. But makeshift gunboats & minelayers, limpet mining from a fishing boat, stockpiles of drones, armed citizens, etc. are still in operation and thriving. Iran excels at assymetric warfare, which is being seriously underestimated IMO.

 

[UnsungZero_OldTimeAdMan]

Iran's ability to attack has been stunted/diminished - major systems have been destroyed. But makeshift gunboats & minelayers, limpet mining from a fishing boat, stockpiles of drones, armed citizens, etc. are still in operation and thriving. Iran excels at assymetric warfare, which is being seriously underestimated IMO.

I'm sure they still have plenty of ballistic missiles and mobile launchers.

 

[Thedude]

Iran's ability to attack has been stunted/diminished - major systems have been destroyed. But makeshift gunboats & minelayers, limpet mining from a fishing boat, stockpiles of drones, armed citizens, etc. are still in operation and thriving. Iran excels at assymetric warfare, which is being seriously underestimated IMO.

Yep. Whoever thinks they can’t “close the straits” doesn’t understand the history of the last 20 years of American warfare. We have proven that we can absolutely destroy someone’s conventional military but it’s nearly impossible to stop small scale attacks. All it takes is attacking a ship or two every so often for insurance and risk rates to be too high for most shipping companies and there’s nothing we can do to prevent that from happening.

 

[NY_Rob]

In regards to the bottleneck at the Hormuz, can someone tell The Count how, if we're winning, the straight is closed?

Remember Charlie Sheen "it's called winning!"? It's kind of like that

 

[antimatter]

First major cyber attack from Iran this morning on Stryker. If your employer (or company) hasn't reviewed their cybersecurity recently, now might be a good time.

 

[VandalSibs]

Yep. Whoever thinks they can’t “close the straits” doesn’t understand the history of the last 20 years of American warfare. We have proven that we can absolutely destroy someone’s conventional military but it’s nearly impossible to stop small scale attacks. All it takes is attacking a ship or two every so often for insurance and risk rates to be too high for most shipping companies and there’s nothing we can do to prevent that from happening.

Twenty years? More like 50, with Vietnam establishing that the US just doesn't seem to deal with small-scale guerrilla warfare well anymore.

 

[UnsungZero_OldTimeAdMan]

I sit here wondering if CA will relax its gun laws so I can pull out the shotgun and look for Iranian drones. So much winning. /s

 

[mkhuffman]

I sit here wondering if CA will relax its gun laws so I can pull out the shotgun and look for Iranian drones. So much winning. /s

That sounds like fun! Let's go shoot me some drones...

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