| > The Strait of Hormuz is, basically not a big deal unless you're driving your big ole' truck. Worst take I’ve ever seen on this website. > Americans are price sensitive and so some companies will have to absorb pricing increases, customers will absorb some others, and so forth. In other words, business as usual. No. Not all goods/services have the same price elasticity. At some point, people stop buying some goods if they are too expensive. They stop commuting to work. We start to see breakdown of the supply chain. Literally 100% of many towns in the US depend on trucks to deliver food to their grocery stores and the inventory on hand usually only lasts a few days. Once those trucking deliveries become unaffordable for either party in the contract, society starts to. Real down. Consumers don’t magically make more money when the price of gas rises. It starts to crowd out their ability to spend on other things. The poorest of the working class likely has to commute the furthest so they will end up sacrificing something to keep paying for the commute - food or rent or utilities. The US doesn’t weather this because we have “a sophisticated supply chain”. _If_ we weather it, it’s because we created the US SPR after the last major oil crisis and we have significant domestic supply (although not all oil is fungible so we might not have enough light sweet to keep the economy running at 100%). |
The second problem with your argument is that you’re using it as an argument against the war but it’s actually an argument in favor of the war. Why is that? Because as Iran continues to load up on missiles and pursue a nuclear weapon they reach a point where they can assert control over the Strait and shut down shipping pending tribute to their theocracy (maybe if it was a Christian one you’d have a bigger problem with it? Idk?) and then we couldn’t do anything about it. The world isn’t static. Stop treating it as such.