Sort of wrong metric. It gets weird in China because of the blurred lines between their government and private enterprise.

China’s official government debt is only 98% of GDP so slightly lower than the US right now and a lot less than the US is projected to be by end of 2026 (125%).
However China’s total debt, which includes both public-private enterprise (which their government effectively controls), and household debt, is around 330% of GDP. A lot of people use the total debt figure since it makes more sense for their economic structure but it’s not really “right”.

If we want to take the USA by the same metric, the government debt of 124% pales in comparison to the US total debt of… 719%.
Except that’s 600% of private enterprise and household/consumer debt which is not really government controlled and does not have a direct impact on the government’s solvency.

At some point OPEC will increase supply and the situation in Venezuela will stabilize

OPEC spare capacity has been a myth for quite some time even when it’s not shut in by transport problems, and Venezuela oil is not suitable for most world refineries and requires a shitton more expensive refining as it is extremely heavy, thick and sour. Neither can realistically make up the Hormuz deficit until infrastructure either bypasses Hormuz, or Venezuela begins domestically refining again, which will likely take 3-5 years with how decayed and sabotaged all their existing infrastructure is right now.

We are straight up headed for an oil cliff worse than 1973.

Where does oil come from for the rest of the world?

It doesn’t- demand destruction and economic recession is the result.

Reserves are being drawn at a crazy rate right now to compensate for Hormuz being closed, but that will collapse by the end of June and there will be some huge price spikes and physical shortages. The world economy will need to contract by 5% or more to stop using the oil lost by Hormuz until alternative pipllelines open, supply chains begin de-fossilizing, and alternstive supplies take up the slack with multi year leadtimes.

Next two years are gonna be really fucking bad.

Ukraine is going to come out of this war a winner AND a global military tech powerhouse. I never would have guessed that before 2021…

oh no.

They exploited the civ1 gandhi method

Next they’re gonna tell me the widespread use of air conditioning heat pumps also generates heat island effects!!!

Next think you know the US president will be praising Allah in social media posts.

Do we tell him?

Ready for another Monday morning market open bloodbath that will conveniently make a bunch of brand new trading accounts $200 million

But he only has 3 pieces in his hand

same energy as

honestly the only major safety issues with EVs is tesla specific and their ultra retarded door handle system. Yes lets take a simple mechanical system that has worked great for 200 years and make it an electric button, then hide the real mechanical release in a spot that you can’t find when panicked and choking to death on smoke. Great job, so futuristic.

Bigger issue overall is fire departments dragging their feet on not having the correct gear/training to handle self sustaining lithium fires. Gasoline is easy to suppress and dilute, lithium not so much, since it’s difficult to get water directly to the cells to cool them below autoignition point.

And it’ll go just like last time, every Republican closes ranks and it wastes everyone’s time

How can they sanction us when global finance still overwhelmingly depends on the dollar though?

The world has been gradually de-dollarizing for over a decade now. USD held as global currency reserves has fallen from 70% to 40%. BRICS nations are implementing their own payment systems based on the renminbi, and the eurozone obviously can operate independently already.

A lot of global value is tied up in US investment systems, sure. But a nuke drop would make that value not very valuable anymore. It would suck and the world would be stuck in another great depression, but the rest of the world has plenty of functional financial systems to keep moving on.

Ahh that tracks. Glad you got it figured out.

Do you have another playback device you can test with?

FireTV sticks and honestly a lot of consumer televisions are always suspicious when there’s random stutter issues.

Saudi Arabia wants the US to keep their oil prices high to pad their coffers.

SA’s lifting cost for oil is somewhere around $3/bbl but all their other government spending and development programs brings their actual budgetary breakeven cost closer to like $90/bbl. The past year they’ve spent south of $70/bbl has been bleeding money.

Yea, but now no one’s talking about the Epstein files!

Damaged is as good as destroyed for the short term market. Much of this oil field equipment is pretty specialized and considering the widespread damage, both materials and skilled labor for repairs will be in short supply. Even if hostilities ended tomorrow, it will probably take 9-12 months to restore output from all damaged facilities, and outright destroyed ones may never ever come back online.

>start war
>ask everyone else to pay for your war
>threaten more war if they don’t pay for the first war

THE ART OF THE DEALLLLLLLLLLLLLL

warning: super weird spam bot. new account posting multiple articles with the same sub website saying “getinfotoyou”? I apologize if you’re just new and postdumping about prior projects you host yorself, but it seems a little sus