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How much oil-market buffer is left?

116 points · 180 comments · mcone

  1. bix6 · · focus · HN ↗
    Can anyone speak to the long term impacts of this? Like is gas going to remain high for years (or even worse get rationed) and I should trade in for an EV now?
    1. Fordec · · focus · HN ↗
      The main point of news I heard was that the Iran infrastructure the US destroyed, in a time where they are allowed to repair it and not just get bombed again, will take three years to repair. Oil prices don't get "cheap" again this side of 2030. Not to mention that there is a bunch of Russian infrastructure that is still on the chopping block to be destroyed by Ukraine as that war continues. Which has the same time it takes to rebuild issues.
      1. toyg · · focus · HN ↗
        And it's not just Iran now: Saudi pipelines and facilities are being hit too.

        The longer this stupid war continues, the worse off everyone will get (well, except oil executives and shareholders, I guess).

        1. [deleted] · · focus · HN ↗

          [deleted]

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