Refining Capacity Is Strategic Power๐ข๏ธ๐ญ
Crude oil only matters if you can turn it into usable products.
That is why refineries are so important.
-Gasoline
-Diesel
-Jet fuel
-LPG
-Naphtha
-Petrochemicals
The worldโs largest refineries are not just industrial assets.
They are strategic chokepoints in the energy system.
India, South Korea, the US, Nigeria, Singapore, Saudi Arabia, and Venezuela all show the same thing:
Energy security is also about having the capacity to process it.
@WWJDfilm Why does everyone worship a guy who thousands of years ago, when people were stupid and illiterate, said he was the son of God? When if someone says that today they are put in a mental institution.
The biggest most successful piece of propaganda ever is the Bible itself!
@vtchakarova Iran gets everything it wants, making the US look like fools, before Iran continue enrichment regardless because it's the only way they'll prevent attacks in future... and will probably use the power of nuclear weapons, as well as the Strait to extend it's tentacles of evil? ๐คทโโ๏ธ
A couple of weeks ago I decided to lock myself in my office til I fully understood the scale/drivers of a remarkable global energy triage effort - and its rapidly shrinking viability - as the Strait of Hormuz remains effectively closed.
With flights canceled in Europe, cold meals in India, rationing in the Philippines and steadily rising gas prices here, here's what I found.
Featuring my remarkably helpful & patient market sherpas @gbrew24@CroftHelima & @Rory_Johnston
@unusual_whales I say leave NATO if you want. But remember all your bases go with you... which will drastically reduce America's reach and global influence. US really will be retreating and pulling up the draw bridge. After that, the dollars decline is almost inevitable from diminishing trust.