The embargo was declared on October 17, 1973 in response to US President Richard Nixon's order for Operation Nickel Grass, which supplied US weapons to Israel. The latter was at that moment repelling attacks from Egypt and Syria, who intended to return the territories captured by the Israelis during the Six-Day War of 1967."
I think everyone has long forgotten about this story, but after it the United States began to accumulate oil reserves.
The situation in the world is very difficult now, but do you consider repeating such a scenario in 50 years?
Much has changed since that date, and it seems that the United States and the rest of the world powers have understood the lesson. These countries have begun to adopt policies to contain countries that have banned the export of oil and gas to them. Today, all countries in the region are friends of the United States, and the United States has military bases in all of those countries, and I mean here Saudi Arabia, Qatar, Kuwait, and the Emirates, in addition to overthrowing the Iraqi regime and continuing pressure on the Iranian regime. Do you really think that there are those who still dare to carry out these movements that are hostile to the direct interests of the West?
I think that the US will lose political influence. The first call was the withdrawal of the army from Afghanistan. Direct global conflicts are unlikely due to the presence of nuclear weapons in many countries, but economic wars will exhaust opponents. The US and Europe will not win a guerrilla war against a billion people in the Middle East.
In theory it might be possible but in reality it will be impossible to achieve again.
The embargo will never happen because the US and EU will not lose a political influence in the middle east, rich countries there still need US and EU.
Too many factions in the middle east, and many of them busy fighting with each other.
And i think the withdrawal from Afganistan is a smart move, why would US waste money, resources, and human lives for a corrupt gov who done nothing but only waste the money from the US tax payers?
Well, US is the one who lose interest on Afganistan.
You will forgive me for speaking harshly, but people are a resource that can be attracted for money and sent to war.
Why spend huge resources on supporting Israel where the chances of winning are almost impossible, and large territories will require large investments that Israel does not have.
The embargo was declared on October 17, 1973 in response to US President Richard Nixon's order for Operation Nickel Grass, which supplied US weapons to Israel. The latter was at that moment repelling attacks from Egypt and Syria, who intended to return the territories captured by the Israelis during the Six-Day War of 1967."
I think everyone has long forgotten about this story, but after it the United States began to accumulate oil reserves.
The situation in the world is very difficult now, but do you consider repeating such a scenario in 50 years?
Much has changed since that date, and it seems that the United States and the rest of the world powers have understood the lesson. These countries have begun to adopt policies to contain countries that have banned the export of oil and gas to them. Today, all countries in the region are friends of the United States, and the United States has military bases in all of those countries, and I mean here Saudi Arabia, Qatar, Kuwait, and the Emirates, in addition to overthrowing the Iraqi regime and continuing pressure on the Iranian regime. Do you really think that there are those who still dare to carry out these movements that are hostile to the direct interests of the West?
I think that the US will lose political influence. The first call was the withdrawal of the army from Afghanistan. Direct global conflicts are unlikely due to the presence of nuclear weapons in many countries, but economic wars will exhaust opponents. The US and Europe will not win a guerrilla war against a billion people in the Middle East.
Here it is necessary to clarify exactly which region you are talking about because America has actually lost its political influence on the Asian side, and for this reason some may imagine that it is no longer able to confront the Gulf region and the Middle East alone. But on the other hand, it succeeded in having a greater influence on the countries of the Arab Gulf and the Middle East using various mechanisms. Neither Saudi Arabia nor any classic power in the Gulf region is capable of challenging the United States and the world today as it did in the seventies. The United States took a lesson from what happened, especially after OPEC failed at that time to limit the effects of the embargo. At the same time, those countries that succeeded in influencing the economies of major countries at that time no longer think about using the same pressure again because of the policies of connections of interests.
I think that the United States cannot wage a full-fledged war in the east. Their aircraft carriers are old and more like a large floating target that is destroyed by a supersonic missile. Therefore, wars have always been successfully waged by puppet politicians.
it was announced that the United States is about to become the main producer of oil and gas on the planet, leaving behind the current champions - Russia and Saudi Arabia.
What do you mean by "main"? You know that US is the biggest consumer of energy and currently despite the high production, they face a deficit of about a 7 million barrels of oil per day. They cover that huge deficit by importing oil from mainly West Asia.
Because of this massive consumption and deficit US can never become a major global supplier. The reason why you see a country like Saudi Arabia export this much oil is because they have a tiny domestic consumption (3 million bpd I believe)!
I think everyone has long forgotten about this story, but after it the United States began to accumulate oil reserves.
You mean the Strategic Oil Reserves?
Over the past year because the oil production by OPEC in general and also oil exports to US has decreased, that has forced them into releasing their strategic reserves at about 2-3 million barrels per day to cover the difference. It is currently sitting at its lowest.
I did some calculations a while back that if I recall it correctly those reserves at best case scenario (no embargo) would last us less than a year. But in case of an embargo (7 million deficit) they would last about a month or two considering the ridiculously huge oil consumption by United States which is between 19 to 20 million bpd.
Another problem is that the oil US has which they are extracting is also running out! At this rate of extraction it will only last 3 or 4 more years. As you may know, when you tap into these resources their extraction becomes harder. In other words if today they are extracting something like 12 million bpd, next year they will be able to extract less like 9 million bpd because of pressure drops and other complications as it reaches the end.
That means the 7 million bpd deficit would grow even bigger.
The situation in the world is very difficult now, but do you consider repeating such a scenario in 50 years?
You mean the embargo? It's hard to say but right now I'd say the chances are little to none. If things take a turn for the worse it is possible though.
I think that there is a lot of oil in the USA, but the fields are either closed or not being explored due to government policy. With an oil price of 80-90 dollars per barrel, it is profitable to sell it even from the USA.
On the one hand, if your calculations are correct, then the United States must exert political pressure on Israel in order to end the conflict, otherwise if other countries enter the conflict, the price of oil may rise to $150 per barrel.
). - Last week crude oil reserves in the U.S. rose by almost 12 million barrels, sources told Reuters, citing data from the American Petroleum Institute. 
