Trump and Iran don't want war, IMO

[Dirty Socialist]

In my opinion, Iran doesn’t want war because they would get whupped. Trump doesn’t want war because Iran could disrupt oil flow, which would clobber our economy. Just a guess. I could be wrong.
The wild cards here are Pompeo, who believes in the highly dangerous “End Times” scenario, and, of course, Putin, who stands to gain from all of this.

[TheCowsCameHome]

1. We are totally oil-independent.

Trump just said so.

[braddy]

2. How does Iranian oil currently affect us?

[Zolorp]

4. Oil is a fungible commodity

It doesn't matter if we refuse to purchase oil that originates in Iran. Disrupt the flow of oil to the world from Iran and you decrease overall supply thus increasing the price. Demand fluctuates little when it comes to oil. There's just a steady increase in demand.

[braddy]

6. Hasn't a big portion of that boat already sailed for Iran with sanctions, selling at discount,

reduced production capabilities, grey market selling, and the loss of major customers that would be important to the global economy?

[Zolorp]

7. The bigger issue with a ME conflict involving Iran is oil production in the other countries

That would most certainly be disrupted.

[braddy]

8. I don't think Iran can disrupt much, any tentacle they put out, Air Force, or Navy, would result in

it being quickly erased, and we are now a net oil exporter. The old worries of Iran and world oil are largely outdated.

Iran even just killed 1500 of their people protesting high gas prices.

[mahatmakanejeeves]

9. Sort of, but there are a few different grades.

First, welcome to DU. Now, on to oil:

A Detailed Guide on the Many Different Types of Crude Oil

By Editorial Dept - Dec 02, 2009, 5:12 PM CST

Some people arbitrarily speak about oil as if it is a single, indistinguishably homogenous substance without any unique differentiation, but this is actually not the case at all! In fact, there are many different kinds of oil.

{snip}

The four primary types of oil are:

(1) The Very Light Oils / Light Distillates which include: Jet Fuel, Gasoline, Kerosene, Light Virgin Naphtha, Heavy Virgin Naphtha, Petroleum Ether, Petroleum Spirit, and Petroleum Naphtha. These oils tend to be highly volatile and can evaporate within just a couple of days, which quickly diffuses and decreases toxicity levels.

(2) Light Oils / Middle Distillates which include: Most Grade 1 and Grade 2 Fuel Oils and Diesel Fuel Oils as well as Most Domestic Fuels and Light Crude Marine Gas Oils.
These oils are moderately volatile, less evaporative and moderately toxic.

(3) Medium Oils: Most of the crude oil on the market these days falls into this particular category. Low volatility makes for messier & more complex “clean ups” and when it comes to the increased toxicity levels, I believe we have all lived long enough to see what “Medium Oil” spills can do to the local ocean life out on the seas or local wildlife right here on “terra firma!”

(4) Heavy Fuel Oils which include the heavy crude oils, Grade 3,4,5 and 6 Fuel Oils (Bunker B & C) as well as Intermediate and Heavy Marine Fuels. With these oils there is very slow and little evaporation and therefore toxicity is highly increased. This not only means potentially severe contamination for fish, fowl and fur-bearing creatures, but possible “long term” contamination of water and soil as well.

In fact, there are actually over 160 different oils traded on the market theses days, but for simplicity’s sake, let’s discuss the three primary oils that get most of the serious attention in the news and in the markets.

West Texas Intermediate (WTI) is an extremely high quality crude oil which is greatly valued for the fact that it is of such premium quality, more and better gasoline can be refined from a single barrel than from most other types of oil available on the market.

The WTI “API Gravity” is 39.6 degrees, which makes it a “light” crude oil, with only 0.24 percent sulfur, which makes it a “sweet” crude oil. The term “API Gravity” refers to the “American Petroleum Institute Gravity, which is a measure that compares how light or heavy a crude oil is in relation to water. If an oils “API Gravity” is greater than 10 then it is lighter than water and will float on it. If an oils “API Gravity” is less than 10, it is heavier than water and will sinks.

These combined qualities as well as location make WTI a prime crude oil to be refined in the United States, which is by far, the largest gasoline consuming country on the planet. The vast majority of WTI crude oils are refined in the Midwest and Gulf Coast regions. Even with production of WTI crude oil in decline, WTI is often priced from $5 to $7 higher per barrel than “OPEC Basket” oil and on average, $1 to $2 higher per barrel than “Brent Blend” oils.

Brent Blend is actually a combination of different oils from 15 fields throughout the Scottish Brent and Ninian systems located in the North Sea. Its “API Gravity” is 38.3 degrees, which makes it a “light” crude oil, but clearly not quite as “light” as WTI. It also contains about 0.37 percent sulfur, which makes it a “sweet” crude oil, but then again, not quite as “sweet” than WTI.

Brent Blend is quite excellent for making gasoline and middle distillates, both of which are utilized in large quantities in Northwest Europe, where Brent blend crude oil is most often refined. Brent Blend production, much like that of WTI, is also on the decline, but it remains a major benchmark for other crude oils in Europe or Africa. Brent Blend oil price is often priced at a $4 higher per barrel compared to the OPEC Basket price.

OPEC Basket oil is a collective seven different crude oils from Algeria, Saudi Arabia, Indonesia, Nigeria, Dubai', Venezuela and the Mexican Isthmus. The acronym OPEC stands for “Organization of Petroleum-Exporting Countries” which is an organization that was formed in 1960 in order to create some common policy for the production and sale of oil within its jurisdiction.

Because OPEC oil has a much higher percentage of sulfur within its natural make-up and therefore is not nearly as “sweet” as WTI or even Brent Blend and since it is also not naturally as “light” as well, the prices of OPEC oil are normally consistently lower than either Brent Blend or WTI. However, OPEC’s willingness or ability to quickly increase production when necessary makes OPEC a consistent “Major Player” in the oil industry!

Another link:

How Oil Became The World’s Most Valuable Commodity [Plus Global Oil Consumption Clock] What Is Oil, How Is Oil Used & Why It's Critical To The World Economy

Last Updated on June 19, 2019

What Are the Different Types of Crude Oil? Although the market for oil is global, oil trading has clustered around several primary regions. The crude oil in each of these regions has slightly different characteristics, typically referred to in terms of viscosity (light versus heavy) and sulfur content (sweet versus sour). Each of the major trading regions has established benchmarks to track price movements in oil commodities:

West Texas Intermediate (WTI), which is a light sweet crude oil, with gravity of around 40 on the American Petroleum Institute (API) gravity scale and low sulfur content.

Brent Crude is a light sweet crude oil from the North Sea. Its gravity is similar to WTI, but its sulfur content is slightly higher. From an oil investing point of view, it’s closest in quality to WTI.

Dubai Crude, also known as Fateh, is denser (heavier) than both WTI and Brent and has a higher sulfur content, making it a sour crude. It’s useful in oil trading as a benchmark for oil shipments in the Middle East.

OPEC Reference Basket is the weighted average of the mix of crudes produced in the OPEC region. It is heavier than both WTI and Brent.

Bonny Light is a light sweet crude from Nigeria that’s useful as a benchmark for African oil. Its properties are similar to WTI and Brent, and in fact, demand for Bonny Light is primarily driven by European and American oil refineries.

Urals is a heavy sour crude representative of Russia’s oil exports.

{snip}

[Zolorp]

3. Iran takes the long view on revenge.

They may wait until after Trump is out of office to blow up one of his hotels. They take a generational view on these sorts of things.

[Wellstone ruled]

5. Memories last for ever.

Seems to me,everyone of those ISIS people who blew up the Monuments in Iraq were eventually caught and put to death or are in Prisons.

Iran will balance the books against the Trump Crime Family and not the American people.

[ooky]

10. We have become the fascist bully of the world.

Of course Iran doesn't want a war with us. They know we can turn them into a grease spot, and they fear that our unhinged and unrestrained madman dictator would do that. They might be right about that, he is capable of any and all kinds of evil.

He can now pump up his magats with his braggadocio that he's kicking sand in their face while Iran goes on with their terrorist sniping. Europe and the middle east get to live with the attacks. Putin is thrilled as NATO becomes further and further irrelevant. Democracy in America will die unless we get out the vote in November. Its probably our last chance.

[C_U_L8R]

11. This mess is all Trump's making.

He fucked things up trying to project 'strength' and ended up looking like a haphazard buffoon. So much winning.

[ElementaryPenguin]

12. Trump doesn't want war with Iran because Putin doesn't want that.

Period.