No. of Recommendations: 7
"when the Strait of Hormuz is open and kept open by non-US countries.
Non-US because they need it and we don't."
I may be wrong, but my understanding is that the US does need oil beyond or instead of what we produce. Our refining capacity is by in large set up to work on heavy crude, like what we have been getting, in some measure, from Canada. Our production is light sweet crude which we cannot process in bulk but sell on the world market.
The world oil market is so intertwined, and hence internecine, that it can only function presently as a whole. And maybe that is not such a bad thing as cooperation is the only way forward.
fd
