this post was submitted on 21 Mar 2026
695 points (98.3% liked)

World News

54944 readers
3009 users here now

A community for discussing events around the World

Rules:

Similarly, if you see posts along these lines, do not engage. Report them, block them, and live a happier life than they do. We see too many slapfights that boil down to "Mom! He's bugging me!" and "I'm not touching you!" Going forward, slapfights will result in removed comments and temp bans to cool off.

We ask that the users report any comment or post that violate the rules, to use critical thinking when reading, posting or commenting. Users that post off-topic spam, advocate violence, have multiple comments or posts removed, weaponize reports or violate the code of conduct will be banned.

All posts and comments will be reviewed on a case-by-case basis. This means that some content that violates the rules may be allowed, while other content that does not violate the rules may be removed. The moderators retain the right to remove any content and ban users.


Lemmy World Partners

News !news@lemmy.world

Politics !politics@lemmy.world

World Politics !globalpolitics@lemmy.world


Recommendations

For Firefox users, there is media bias / propaganda / fact check plugin.

https://addons.mozilla.org/en-US/firefox/addon/media-bias-fact-check/

founded 2 years ago
MODERATORS
 

The worst and most stupid bit is this:

Speaking to crowds on Wednesday, vice president JD Vance said US allies are "suffering from this, frankly, more than we are."

He claimed this was because they had "focused on a lot of green energy scams and they're hurting a lot more than we are."

Vance continued:"As much as we've got to focus on getting these gas prices down, the reality is overseas they're feeling it far worse than we did because we've taken the steps to protect our energy economy.

you are viewing a single comment's thread
view the rest of the comments
[–] theneverfox@pawb.social 6 points 2 days ago (1 children)

We have tons of untapped oil fields easier to drill in the US that oil companies are sitting on, and we already get something like 1/3 of Venezuelan oil as is

But we still need the oil from the middle east, we mix our heavier oil with theirs in the refining process. We're draining our reserves to keep the price low domestically, that and the statements that the strait will be reopened imminently is keeping the price relatively low... For now. Our economy is all speculation after all.

[–] 8oow3291d@feddit.dk 4 points 2 days ago (1 children)

We have tons of untapped oil fields

But that is likely irrelevant for the timescale of this conflict, right? Surely the lead time for bringing new oil fields online is measured in years.

[–] theneverfox@pawb.social 2 points 2 days ago

Nah, like a couple weeks. They ship in a team along with the equipment and then they go to town

Something like deep water rigs can take years to build, but actually tapping a well is pretty quick. But then you can't just seal it back up - or at least humanity has never bothered to learn how to do so. So companies will sit on them for years to keep production steady, if the cost of oil falls they might move it to a sacrificial shell company and leave it leaking for tax payers to eventually clean up