alt Hacker News1. Oil is a global market. Global supply and demand affects prices everywhere.
2. Oil isn't the only commodity that is at stake here. The closure of the Strait of Hormuz has disrupted the global helium supply, for instance, and helium is used in critical products Americans need.
3. Asia relies heavily on oil and other commodities that pass through the Strait of Hormuz. Asia is the factory of the world and manufactures tons of the goods that are exported to the US, from clothing to electronics. Obviously, an energy crisis in Asia has the potential to disrupt American supply chains.
4. The petrodollar system creates artificial demand for US dollars. This is a massive financial and soft power benefit to the US. If Atlas shrugs and the petrodollar system starts going away, the rebalancing/recalibration that takes place is not going to be very pleasant for Americans.
1. So the US is responsible for reclaiming a global market by itself? Or is the US required to be terrorized for 4 decades as a sacrifice for the global market?
2. And Europe doesn't need any?
3. But not European supply chains?
4. That's probably true. So the US is required to serve the EU with its military because the EU is their customer? I can think of several ways that the US can keep this position without the strait. But it's much more expensive for Europeans.