The FBI has deemed the Trump accuser credible

— Up to 20 Republicans May vote to hold Bondi in contempt

— Democrats push for either impeachment or criminal charges for Noem

— China prepares to support Iran

— Stocks plunge to worst week since April

— White House blocks release of terror report showing that there is a rise in terror threat due to tRUMP’s/Kegsbreath’s war

— tRUMP unconcerned about rising gasoline prices

[media=https://www.youtube.com/watch?v=hQmIQ9I_ZKs]

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ArishMell · 70-79, M

Just by the summary by-lines....

China is an odd situation in that she buys a lot of oil from her unlikely ally, but Iran has effectively closed the Straits of Hormuz used by the tankers. Otherwise, to China, the war may be mainly of little more than propaganda advantage. I expect the Beijing government to be watching the situation very closely though.

The increased terrorism risk is only to be expected, but we don't and shouldn't know if the blocking of publishing the security report is to minimise compromising the USA's security. If that is the case, then it should be kept secret.

The President might be unconcerned about rising fuel prices even though it affects far more than mere filling-station prices - but his fellow-Americans may be very concerned.

swirlie · 31-35, F

@ArishMell
90% of ALL oil exported from the Middle East ends up in Asia. So yes, 90% for the Asian region could be called a lot of oil as you say.

ArishMell · 70-79, M

@swirlie So.... whence Iranian / Sinian relations now, I wonder? Short of the Chinese perhaps being given some sort of Iranian naval escort in the Persion Gulf, hoping no-one would dare risk attacking them. I don't see it likely anyone would take the risk, though.

swirlie · 31-35, F

@ArishMell
I was reading where tanker insurance premiums have risen by 700% for any ship leaving the Strait of Hormuz. Every one of them turned back and are now stuck there for the circumstances you describe.

ElwoodBlues · M

@swirlie And of course oil is a world market, so Texas e.g. had been selling crude at $70/barrel, but now they can sell it overseas for $120/barrel.

So suddenly the price of Texas crude has been bid up to $100-$110/barrel. And suddenly gasoline prices are spiking. It's not just high prices in Asia, it's high energy prices worldwide.

swirlie · 31-35, F

@ElwoodBlues
Funny how Texas crude isn't even used in the USA to help keep the prices down. Everyone is on the take!

KunsanVeteran · M

@swirlie There’s also the national reserve that could be released, although if Demented Donnie even realizes that it exists, he might be keeping it to supply his illegal war if necessary.

swirlie · 31-35, F

@KunsanVeteran
The national reserve was released yesterday by Trump. For that to happen means that his administration recognizes a shortage of oil in the USA.