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The week's question
In March 2025, in the thread "Re: OT, out", Umm asked the members: "Do you think it is because America is made up of magical soil that makes businesses based in America magically profitable?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
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Personal Finance / Macroeconomic Trends & Risks
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Author: Steve203 ⎊❂🐝 HONORARY
SHREWD
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Number: of 4582 
Subject: Re: That 70s Show - Oil disruption
Date: 03/12/26 5:50 PM
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No. of Recommendations: 7

Escalating Iranian attacks and the U.S. government’s decision to hold off on military escorts for oil tankers through the Strait of Hormuz are raising the prospect of a prolonged closure that would choke off exports through the world’s most important energy-transport route…

Those rugged, Perry class, frigates that served so well in the 80s and 90s, are all gone now, either decomissioned or sold to other countries. The follow on LCS program was an abortion. The Constellation class frigate program was an abortion. Most of the Ticonderoga class cruisers are decomissioned. So, performing escort missions in the Gulf would require pulling Burke class DDGs away from carrier escort duty, because there is nothing else. Thank decades of rampant corruption in DoD procurement.

Steve
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