alt Hacker NewsI'm not sure that any of that actually matters. Wars are not Call of Duty. It's politically difficult to invest actual manpower in Iran and Unless China were to nuke Hawaii, an all out war with China would also immediately be politically unpopular. China, like Iran, wouldn't doesn't need to defeat the US, they just need to hold out long enough for the US economy to collapse, which would happen way faster if China is the opposition.
The only reason we don't have $6 gas right now is because of a ton of financially engineering. I don't know how anyone could convince the American public that $10 gas and war time rations is worth defending Taiwan.
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I understand why war with Iran would raise gas prices, but why would war with China?
> The only reason we don't have $6 gas right now ...
I see you are not in California.
I'm curious what the financial engineering you're referring to was.
I've been trying to understand why gas is still comparatively cheap given the war and the best I've landed on so far is that the spread between feedstock (crude oil) and output (diesel, gas, jet fuel, etc) widened in large part die to flooding the market with strategic oil reserves.
We keep crude prices low, which is what many indicators track, while we couldn't keep final product prices low as easily because we can't quickly increase refinery capacity.
How did they financially suppress fuel prices?