the power of resources

[crwth]

From all the points other members have posted, it seems the majority is due to strategic interests in play. The strategy is the impact it has on the global economy; most of it is because of energy.

In economics, I believe there's an Energy Independence factor and Energy Security. If one of the two clashes, there would still be instability in terms of oil prices, and it would definitely hurt the economy. One party says it's secured, but the economy says otherwise because it is still affected by global prices.

Isn't it that there are other things beyond oil? Like rare earth minerals? That could be a factor as well beyond oil.

[DanWalker]

The United States is indeed little dependent on oil from the Persian Gulf. Especially after they seized control of the Venezuelan oil. There is also the issue of gas, which is much more acute for the world, but equally unimportant for the United States. However, the most important resource, the petrodollar, is under threat here. If a country has no choice but to switch from paying for oil in dollars to paying in another currency (for example, yuan), then this will happen. What if there are many such countries? This would be a disaster for the very foundation of the United States' power, the petrodollar. Trump sees this danger.

After all, the attack on Iran was aimed at strengthening the petrodollar's position through physical control of oil. And it led to the opposite result - the risks of an alternative oil-yuan system.Of course, Trump can even sacrifice the Gulf oil and retreat, but he cannot sacrifice the petrodollar. In the meantime, that's exactly the trend. The threat of the destruction of the petrodollar monopoly has never been so great.

I also just expressed my view on this conflict in another thread, and I agree that the main cause of this war is the threat to the dominance of the petrodollar. However, this is not just what Trump wants, I believe this is also what America want.
It could be said that this conflict is inevitable, regardless of who becomes president this term, not just Trump. Because once the petrodollar system weakens, it will directly threaten the US superpower status.

This isnt the first time the petrodollar has been threatened, but this time the situation seem more serious because their opponent is China. The world's 2largest economy, and supported by the BRICS.

[Findingnemo]

Even if US got oil resources, the cost of war will surely end up in a disaster, they will require lot of work and more tax burden on the people just to fund the war and this is not the first time though. Iran wants to fight because it is their country while Israel just don't want any country to be powerful in their region. This is surely affecting the countries either with lack of oil or costing them money and lives, hope they just end it soon and take their business with diplomatic approach not by force.

[slapper]

What the US has isn't confidence that it's distance. Geographic distance, economic distance, emotional distance. They take 60% of their crude from Canada via pipelines that already exist. They produce record amounts domestically. When the Strait of Hormuz closes (which it basically has), the pain hits Tokyo and Seoul and Mumbai before it ever hits Kansas.

I think your observation about resources needs to be pushed even further. The really uncomfortable bit isn't that the US can afford to fight. It's that the US can afford to allow the fighting to take place. There's a difference and it is important.

Qatar is literally sitting on half of the same gas field got struck. South Pars on the Iranian side, North Dome on the Qatari side. Same geological body, same molecules, divided up by the fiction of an imaginary line drawn by people who have never spoken to the earth. And now Iran is hitting Ras Laffan because it sees any damage to South Pars as something that should be proportionately answered. Qatar didn't start this. Qatar was attempting to keep out of it.

The textbooks won't state it bluntly enough. The countries with the resources rarely have a choice of whether they're in the war or not.

Trump requested $200 billion in new Pentagon money. Called it a small price to pay. The people with the resources initiate wars. The people whom are near the resources absorb them.

[Darker45]

Of course. The mathematics of this war was all carefully done before the first bomb was dropped. I'm not sure if they're getting some things wrong or certain developments surprised them along the way, but I'm sure the US isn't sacrificing anything for whatever selfish goal they have in mind in this war, except perhaps the lives of their own people, which I guess they don't value enough. I don't think they'd create this violence if it results into making their daily lives uncomfortable.

[tabas]

While there's the new oil of this era which is data. It seems that nothing beats the traditional oil that powers all sectors that requires energy. And whoever controls or stops it, has the balls to wage war because they know that it's going to affect almost everybody even those countries which are not part of the war but, relies on the oil that comes from the supply in that gulf. Now, they're talking about the biggest and most important oil infrastructure in Qatar that Iran's has attacked and threatens to do more. For them, there's no coming back anymore.

[DYOR+BTC]

Even if US got oil resources, the cost of war will surely end up in a disaster, they will require lot of work and more tax burden on the people just to fund the war and this is not the first time though. Iran wants to fight because it is their country while Israel just don't want any country to be powerful in their region. This is surely affecting the countries either with lack of oil or costing them money and lives, hope they just end it soon and take their business with diplomatic approach not by force.

Yes the only thing all involved in the ongoing war stands to gain  is disaster and increase in the cost of living for citizens as they will be made to work more and earn little as that is the only way of recovering from the war faster. Since the existence of the ongoing war the cost of living has increased without an additional benefit attached to there suffering but just constant negative effects on citizens all for no just cost because they can't tell any benefit both nations stands to get at the end of the war apart from when the other accept defeat and become submissive to the other which we all knows has no significant impacts in the economy of the other, so why risking the nations resources, properties and lifes of citizens for no just cost.

[Leahized]

buse of the crisis in middle east that doesn't look any near from stopping, the price of oil has hit higher again. i do not think any of the countries are willing to surrender. all has something to fight for. it will only be over when everything is said and done and by then, what would be the state of the world? i was thinking why usa has so much confidence and the answer is because while they will benefit from the oil in the middle east, they get most of their oil from canada. when you have the resources, you can really afford to start and sustain a war.

If this war lasts long then Middle Eastern countries will suffer the most and Iran will never accept defeat because it is almost impossible to defeat them. If at any time nature provides security to a country, it is the most difficult task for other countries to intervene. If Trump attacks gas bunkers in Iran, Iran has made it clear that it will attack all bunkers in the middle east. Because America and Israel use the oil from middle east countries the most. And this is why the Strait of Hormuz was closed in the first place. And for this other states have faced fuel and oil crisis and most of the prices have gone up. The condition of my country is not very good.Already fuel and oil crisis has occurred.

[Die_empty]

Yes the only thing all involved in the ongoing war stands to gain  is disaster and increase in the cost of living for citizens as they will be made to work more and earn little as that is the only way of recovering from the war faster. Since the existence of the ongoing war the cost of living has increased without an additional benefit attached to there suffering but just constant negative effects on citizens all for no just cost because they can't tell any benefit both nations stands to get at the end of the war apart from when the other accept defeat and become submissive to the other which we all knows has no significant impacts in the economy of the other, so why risking the nations resources, properties and lifes of citizens for no just cost.

Iran is strategically located in terms of oil trade. Most Asian powerhouses like Japan,  Indonesia,  China, and others could easily access the Iranian oil market. And the country is also endowed with vast oil and gas reserves. Nobody knows the longterm goal of goal of this war. We might be saying that it is costing the US so many financial resources but Trump might have devised means to recover the cost.

There are reports that Trump is considering sending thousands of US troops to facilitate the takeover of Iran’s Kharg Island. This island accounts for close to 90 percent of the country's oil exports. Taking over this lucrative location might help pay off what the US has committed to this war.

[Olatundespo]

US President Donald Trump threatened to “blow up” the world’s largest gas field, a key Iranian asset, if Tehran keeps up its attacks on Qatar.

because of the crisis in middle east that doesn't look any near from stopping, the price of oil has hit higher again. i do not think any of the countries are willing to surrender. all has something to fight for. it will only be over when everything is said and done and by then, what would be the state of the world? i was thinking why usa has so much confidence and the answer is because while they will benefit from the oil in the middle east, they get most of their oil from canada. when you have the resources, you can really afford to start and sustain a war.

The move of the war is still increasing and the damage in Iran is very high. Although Iran does not want a ceasefire, many of its important military personnel have been killed. America and Israel are in favour of continuing the attack until their goals are achieved. Iran has launched missile attacks on energy infrastructure in Iran neighbour countries (Qatar, Saudi Arabia and Bahrain) which is causing oil and gas prices to increase worldwide. But surprisingly the price of gold is falling significantly. If the ceasefire is not implemented, the world's financial situation will gradually worsen. If energy supplies are disrupted production in many poor countries will be disrupted and inflation will increase, and the poor will be unable to meet their basic needs.

[Findingnemo]

Even if US got oil resources, the cost of war will surely end up in a disaster, they will require lot of work and more tax burden on the people just to fund the war and this is not the first time though. Iran wants to fight because it is their country while Israel just don't want any country to be powerful in their region. This is surely affecting the countries either with lack of oil or costing them money and lives, hope they just end it soon and take their business with diplomatic approach not by force.

Yes the only thing all involved in the ongoing war stands to gain  is disaster and increase in the cost of living for citizens as they will be made to work more and earn little as that is the only way of recovering from the war faster. Since the existence of the ongoing war the cost of living has increased without an additional benefit attached to there suffering but just constant negative effects on citizens all for no just cost because they can't tell any benefit both nations stands to get at the end of the war apart from when the other accept defeat and become submissive to the other which we all knows has no significant impacts in the economy of the other, so why risking the nations resources, properties and lifes of citizens for no just cost.

No country is going to say that okay, I lost and take whatever you want, that will leave nothing to the one that accept their loss so fighting might be the only option that is left and at this point it is not even about winning but not to go like cowards. But US, why they have to do that? It is not their job to take over every matter of this world that affect the soverignity of a nation.

[ZAINmalik75]

because of the crisis in middle east that doesn't look any near from stopping, the price of oil has hit higher again. i do not think any of the countries are willing to surrender. all has something to fight for. it will only be over when everything is said and done and by then, what would be the state of the world? i was thinking why usa has so much confidence and the answer is because while they will benefit from the oil in the middle east, they get most of their oil from canada. when you have the resources, you can really afford to start and sustain a war.

First, Trump said they stopped Israel from attacking gas and oil reserves and industries, but now he is threatening them that they will attack even more. And I heard there is an island of Iran which exports most of the oil and has more oil than ever, and Trump has threatened to attack that island too.

Anyway, they are attacking with full calculations, like when two atomic countries attack each other, they share some intel with each other not to attack their nuclear plants. I don't know how accurate this information is, but I have watched many documentaries on this.

Oil and gas prices are going to increase more.