But just think about the profits made by American oil producers!
That'll be a win for Trump, who's doubtless investing in oil and gold as we speak. That would be the "smart" thing to do, now wouldn't it?
Tom
Ya, but it doesn't work that way, in the short-haul at least, even for this country, especially since oil supply and prices are determined internationally. Even if Iran were to shut down the Straits for only a week or two, the stock market would go berserk, billions would be lost, and internationally there would be a crisis since there are not large stockpiles of oil internationally.
Yes, here in the States we have our "Strategic Reserve", but the damage would be done more internationally, and in today's global economy the effects would create a ripple-effect that would very much affect us. And just imagine how our traditional allies are thinking of us creating this mess, and I don't hear much support of Trump's recklessness coming from them.
Obviously, there's a reason why the two previous presidents were advised not to do what the Donald just did, and now the "Law of Unforeseen Consequences" will kick in.
Stay tuned.