Oil will be high for a while

[Finestream]

Supposedly, if this war stops, oil price will goes back to its regular price and everything will be back to normal.

However, I can't stop thinking with some of the abusive companies, I'm confident to say that they will continue to take advantage despite of the issue being fixed, especially if this issue will last for months which will make consumers get used to it at some point.

Same case with passenger's fare, even if the issue has been solved already, looks like the current fare has no chances to go back to its original price fare.

[Hypnosis00]

But I see more possibility this will be the start of seeing oil price starts surging high. And eventually, the people will have no choice but to live with it.

This is a sad reality for everyone especially those who are just living paycheck to paycheck, and hardly afford putting foods on the table, and this oil price hike seems to be additional burden since the ordinary citizens, even if they don't have their own services, but the expenses as commuters will also be undeniably high, something that even the government finds it hard to solve.

[Z_MBFM]

No one knows for how long this war can go on. It can be weeks or months. But a lot of people seem to think that once the war ends, everything will go back to normal. That is not the case. Oil prices are going up now and for every day that companies struggle to operate, the closer they are to bankruptcy. Maybe the big companies would be fine but even them are struggling. To expect that once the war ends, everything will go back to how it was before would be foolish. It will take a while for everything to go down low, if things were to bounce back to what we used to consider normal.

The war is still going on and Iran has closed the Strait of Hormuz through which a large part of the world's oil is supplied. This will have an impact on the world's oil supply. Countries that have small reserves of oil will be in a lot of trouble. If I talk about my country, there are already many problems with oil here. Oil is not available at the pump properly, although the price has not increased yet, but very soon when the oil reserves run out, the price will increase a lot. Not only oil, but also gas will be affected because a large part of the gas is supplied through the Strait of Hormuz.

[red4slash]

No one knows for how long this war can go on. It can be weeks or months. But a lot of people seem to think that once the war ends, everything will go back to normal. That is not the case. Oil prices are going up now and for every day that companies struggle to operate, the closer they are to bankruptcy. Maybe the big companies would be fine but even them are struggling. To expect that once the war ends, everything will go back to how it was before would be foolish. It will take a while for everything to go down low, if things were to bounce back to what we used to consider normal.

What is certain here is that it will not be instantaneous when the war ends, it will not necessarily make this relieve all problems including oil prices because it will still take time to decline and it may not even decline as before (before the war) even if the war ends.
But after this, there will definitely be a new habit that emerges because there must be options because when war occurs, especially if it involves Iran, the situation will be the same so surely some countries will start with new habits to minimize if this happens again in the future.

There’s always an alternative. I read an article recently that Saudi Arabia built a pipe line long time ago that bypassed Straight of Hormus and perfect to use in time like this.

It’s East-West Crude Oil Pipeline (Petroline). I’m not an expert on this but there’s always an alternative since that is not the only shore that can be used to dock and transfer oil.

Adjustment will be needed but later on we will have a new normal.

I also read this before and this could be a pretty good option especially now that there are 2 pipelines in the UAE and Saudi Arabia that pass through the Strait of Hormuz could be a very good option to unravel the blockage that is happening now but on the other hand this could also have risks because what I read, this could be vulnerable when there is damage that occurs.
But it does seem like the only way for now to keep the oil flowing despite the Hormuz Strait restrictions.

[Powerjumboo]

No one knows for how long this war can go on. It can be weeks or months. But a lot of people seem to think that once the war ends, everything will go back to normal. That is not the case. Oil prices are going up now and for every day that companies struggle to operate, the closer they are to bankruptcy. Maybe the big companies would be fine but even them are struggling. To expect that once the war ends, everything will go back to how it was before would be foolish. It will take a while for everything to go down low, if things were to bounce back to what we used to consider normal.

The price of oil has increased a lot due to the current war situation and the reason for the increase is this war situation. If the war situation does not normalize and there is no situation to stop it, then maybe some alternative measures will be taken. If alternative measures are created, in that case I think the price of oil will come down. However, when the war ends, the price of oil will return to normal very soon.

[Maslate]

I don't see this happening just for a while, but more likely this could be a new normal and expect that this oil price will remain expensive even if this war comes to an end. If the government will benefit from this, then there's no chances that they will consider it reducing the price.

At the end of the day, everything boils down to the result of inflation, even though the increase of oil price is due to the present war alone, but since its still its one of the basic commodities, expect that its price will never fall back after.

[Oasisman]

There’s always an alternative. I read an article recently that Saudi Arabia built a pipe line long time ago that bypassed Straight of Hormus and perfect to use in time like this.

It’s East-West Crude Oil Pipeline (Petroline). I’m not an expert on this but there’s always an alternative since that is not the only shore that can be used to dock and transfer oil.

Adjustment will be needed but later on we will have a new normal.

It is an alternative and it's built literally to by pass the straight of Hormuz just in case things like these happens. This pipeline can help, but it can't carry the same volume as all the oil that normally passes through Hormuz. That strait handles a huge chunk of the world's oil supply daily, so even if Saudi reroutes some of it, there's still a supply gap that the market feels.
There sure always an alternative, but it won't going to be full solution. This alternative could prevent the prices from getting even worse. The market will eventually adjust, but yeah there can be a new normal.

[Myleschetty]

No one knows for how long this war can go on. It can be weeks or months. But a lot of people seem to think that once the war ends, everything will go back to normal. That is not the case. Oil prices are going up now and for every day that companies struggle to operate, the closer they are to bankruptcy. Maybe the big companies would be fine but even them are struggling. To expect that once the war ends, everything will go back to how it was before would be foolish. It will take a while for everything to go down low, if things were to bounce back to what we used to consider normal.

It is unfair for anyone to believe that everything will return to normal after the war, especially when human life is involved and things will be the same for the families who lost loved ones. However, you don't seem to notice that the price of oil also decreases in spite of the ongoing conflict, so it's not that the price of oil only rises. All this is because the price of oil was manipulated.

[TheUltraElite]

Oil prices will raise continue to be raised. We have to understand that some people will be profiting from this and once they get that smell, they will not back off even if the oil supply becomes normal and the war subsides.

In many cities stockpiling of cylinders have led to shortages and distributors are having to place restrictions on the number of cylinders they can order. Cashbacks from fuel companies have been curtailed too.

In the meantime, try to focus on non-fossil fuel sources and on public transport for your daily need as far as possible.

[viljy]

There’s always an alternative. I read an article recently that Saudi Arabia built a pipe line long time ago that bypassed Straight of Hormus and perfect to use in time like this.

It’s East-West Crude Oil Pipeline (Petroline). I’m not an expert on this but there’s always an alternative since that is not the only shore that can be used to dock and transfer oil.

Adjustment will be needed but later on we will have a new normal.

The pipeline will not solve the problem of oil supplies if Yemen closes the Bab-el-Mandeb Strait. And the Houthis have such intentions. So the situation in the energy market is about to change dramatically and for a very long time. By the way, the shortage of oil in the world is actually beneficial to the United States. Perhaps this is their plan, which solves the problem of devaluation of the national debt. But there is one difference from 1973. If a really large number of countries start trading oil for the yuan, it will deal a crushing blow to the dollar.

[Alpen]

No one knows for how long this war can go on. It can be weeks or months. But a lot of people seem to think that once the war ends, everything will go back to normal. That is not the case. Oil prices are going up now and for every day that companies struggle to operate, the closer they are to bankruptcy. Maybe the big companies would be fine but even them are struggling. To expect that once the war ends, everything will go back to how it was before would be foolish. It will take a while for everything to go down low, if things were to bounce back to what we used to consider normal.

High oil prices were actually a blessing for 20th-century economics and politics. They forced the auto industry to pivot from massive, inefficient 'gas-guzzlers' to compact models and hybrid engines. History shows that even the world’s largest communist regime stopped innovating and bet everything on expensive oil; when those revenues crashed, the regime collapsed, and the Cold War ended. I believe today's high prices will force nations to find alternative energy sources. And once oil eventually loses its value, a few more despotic regimes will likely disappear

[viljy]

High oil prices were actually a blessing for 20th-century economics and politics. They forced the auto industry to pivot from massive, inefficient 'gas-guzzlers' to compact models and hybrid engines. History shows that even the world’s largest communist regime stopped innovating and bet everything on expensive oil; when those revenues crashed, the regime collapsed, and the Cold War ended. I believe today's high prices will force nations to find alternative energy sources. And once oil eventually loses its value, a few more despotic regimes will likely disappear

Indeed, the 1973 crisis gave rise to small-displacement engines. As for the USSR, it collapsed not only because oil became cheaper. It's much more complicated than that. In general, the closest description to reality of why and how this happened I read in the book by Professor Alexey Yurchak "Everything Was Forever, Until It Was No More: The Last Soviet Generation".

[Cheema02]

No one knows for how long this war can go on. It can be weeks or months. But a lot of people seem to think that once the war ends, everything will go back to normal. That is not the case. Oil prices are going up now and for every day that companies struggle to operate, the closer they are to bankruptcy. Maybe the big companies would be fine but even them are struggling. To expect that once the war ends, everything will go back to how it was before would be foolish. It will take a while for everything to go down low, if things were to bounce back to what we used to consider normal.

When we research the impact of wars among the countries like US and Iran then the conclusion of the research explains  that the affects of wars don't remove immediately just after the war stops. And if conflicts affects the route like Hormuz due to the prices of crude oil increase day by day globally and its put the impact on global economy in the form of inflation. Because almost all components of the country can depends on stability of oil prices so if its disturb then its increase the transportation and also have impact on food chain. And this situation almost destroy the small business and also large companies can faces Crises. So its very unrealistic that all the spoiled can solve immediately because market works step wise and its requires time to recover the loss. So after peace sign still market takes months to pic the normal routine.

[Olatundespo]

No one knows for how long this war can go on. It can be weeks or months. But a lot of people seem to think that once the war ends, everything will go back to normal. That is not the case. Oil prices are going up now and for every day that companies struggle to operate, the closer they are to bankruptcy. Maybe the big companies would be fine but even them are struggling. To expect that once the war ends, everything will go back to how it was before would be foolish. It will take a while for everything to go down low, if things were to bounce back to what we used to consider normal.

It will take a long time to heal the wounds of a war. Almost all countries have experienced a fuel crisis and some unscrupulous traders are creating an artificial crisis and selling it at a higher price. The government's oil management is inadequate and the price of oil is gradually increasing. The war may last longer but no one can say for sure when this war will end.

Not only the country that is the focus of a war but also its surrounding countries are affected by its impact especially the transportation of oil from the oil-rich countries of the Middle East to other countries of the world is being disrupted and the price is gradually increasing due to the lack of supply. Every country in the world is dependent on oil and there is a huge demand for oil in every production-oriented sector. Even if the war is over, it will take many more years for this situation to normalize.

[Dunamisx]

The impact is already getting crazier because a lot of countries have been affected, another I've said earlier that the more it is taking longer the higher the risk, this is something we have to see the world work towards in creating a mutual understanding that could stand in gap for the challenges they are all facing from both end and make peace to end the war.

With how it is going now, the more we keep having an increase in oil price and there's nothing that can be done to this, and we all know the consequences of an increase in oil price, which is inflation and before you know it things can get to the essence of a country going in recession if care is not taken, all this can happen because of the economy imbalance caused by the ongoing war.

[bakasabo]

I think a lot of people still dont know that the price of a petrol they see at gas station is formed by almost 50% of a tax; exchange rate, marketing, company margin are also included in the price you see. For example if oil price doubles during night, fuel price should not double as well (however government and companies does not care about that and increase fuel price by what they want).

[Crypto_Timothy]

No one knows for how long this war can go on. It can be weeks or months. But a lot of people seem to think that once the war ends, everything will go back to normal. That is not the case. Oil prices are going up now and for every day that companies struggle to operate, the closer they are to bankruptcy. Maybe the big companies would be fine but even them are struggling. To expect that once the war ends, everything will go back to how it was before would be foolish. It will take a while for everything to go down low, if things were to bounce back to what we used to consider normal.

Typically nothing ever goes back to the same again, especially after a crisis like a war. Over here in my country when the price of something goes up, it basically never comes down again and now fuel price has skyrocketed, im just watching at this moment, lets try and see what will happen next.

Although im reading in the news that some countries actually have oil reserve in preparation for times like this, im wondering if that actually affects oil stability in anyway whatsoever.

[Stepstowealth]

The impact is already getting crazier because a lot of countries have been affected

I think I have personally become used to having the prices of things slower to come down than how fast they go up. I think people who benefit from increment in price have this attitude and pattern because they make extra profit from it.

To countries that have been affected by this, it should be a reminder to them of the need to start seeking for a way to reduce their dependence on oil so that their economy will not always be affected whenever there is a crisis that affects oil distribution worldwide.

[Unknown Op]

No one knows for how long this war can go on. It can be weeks or months. But a lot of people seem to think that once the war ends, everything will go back to normal. That is not the case. Oil prices are going up now and for every day that companies struggle to operate, the closer they are to bankruptcy. Maybe the big companies would be fine but even them are struggling. To expect that once the war ends, everything will go back to how it was before would be foolish. It will take a while for everything to go down low, if things were to bounce back to what we used to consider normal.

The price of oil has increased a lot due to the current war situation and the reason for the increase is this war situation. If the war situation does not normalize and there is no situation to stop it, then maybe some alternative measures will be taken. If alternative measures are created, in that case I think the price of oil will come down. However, when the war ends, the price of oil will return to normal very soon.

But I don't think so because people are afraid of War and Donald trump is impatient person and he want to be dominant on earth and because of this he did war and got resources from other countries.  He is against the Iran and that is reason he did war against Iran but Iran didn't surrender and they want to continue this because that will be in the favour of them. Ayat ullah khamenain is dead because of only Donald because he hit missile on his office and now Donald want to sit on table but Iran government don't want that  because after a few months there could be another War and now they want to make pressure in the World and oil prices are very high due to the restrictions of Iran which they applied on different countries including Pak.

[tabas]

And when prices are high, it is not going to back to how much it used to be before. So, bouncing back might not be a thing anymore but we have to accept all the new changes that we'll have to deal with. These wars and shortage of oil will make things quite more expensive.

The sad reality is that prices do not easily go back up once they start rising and this is something that scares many of the aftermath of war. It will take months before there is stability because. Then the question is what happens if the prices refuses to come down I will say as humans and how we have continued to actually swallow in bad times I think we will still be able to handle to this and simply bear it.

This has even been how the government even rate us and that’s why they do exactly what they want with the notion that we will simply adjust when it’s necessary and that’s why we accepted mediocrity all this while.

Well, it will be nice if it stabilizes after the surges. But most of the time, it is no longer stabilizing and then we accept the reality that things have gone more expensive. The government will say the businesses to adjust and yet, no businessman would like to go back to the old times when almost all necessities are already expensive. They do not want to adjust as well because they're also being hit by increased prices in the market. The raw materials, the logistics and all other things that causes domino effect and so that's why inflation rates goes higher.