Yes, I actually think that currently the White House is happy about the ability of US oil companies to capture new markets and to reap some windfall profits and is not overly concerned with higher prices.
But I am pretty sure that if the things start getting really bad (and the economical and political price to pay for all this starts to mount), they’ll impose some export controls (the alternative being to stop the war before they want to stop it, and even that might potentially not work, because Iran might potentially decide not to open the strait no matter what). Everything has a price, and the government is not invulnerable, especially if its own narrow political base (the “MAGA”) rebels.
Yep. I also wonder what (if any) kinds of short-term signals we may be able to see ahead of time on the relative strengths of these factors. Or, I guess, the economic/political “price-to-pay” factor is easy to measure, but “what kind of offers are the oil execs making him back there?” is hard to measure.
Yes, I actually think that currently the White House is happy about the ability of US oil companies to capture new markets and to reap some windfall profits and is not overly concerned with higher prices.
But I am pretty sure that if the things start getting really bad (and the economical and political price to pay for all this starts to mount), they’ll impose some export controls (the alternative being to stop the war before they want to stop it, and even that might potentially not work, because Iran might potentially decide not to open the strait no matter what). Everything has a price, and the government is not invulnerable, especially if its own narrow political base (the “MAGA”) rebels.
Yep. I also wonder what (if any) kinds of short-term signals we may be able to see ahead of time on the relative strengths of these factors. Or, I guess, the economic/political “price-to-pay” factor is easy to measure, but “what kind of offers are the oil execs making him back there?” is hard to measure.