Europe imports a third of the Kerosene it needs, ie 33%, and 75% of that from the Persian Gulf, or about 25%.
A 25% drop in airtraffic or a huge increase in costs lead to job losses and a GDP drop espiecally in countries like Greece which depend on tourism for much of their income.
20% of Greece s GDP and jobs depend on trourism. If tourists halve, then that translate to 10% less GDP.
But it is just one negative effect of the growing fuel shortage in teh West.
The USA may have oil but when the dollar, petro dollar collapses and it has nov viable currency, then it will be in very bad shape.
https://www.zerohedge.com/energy/europe-faces-summer-jet-fuel-crisis-iran-war-slashes-supply
Yet, when you hear JD Vance mouth the slogans of Kushner you would have no idea that stopping Iran getting nukes is a very low priority for the US compared to stopping economic collapse.
The one, the nuke, has a a low probability of use. The other, economic warfare, is now being used to wipe out the West and the real damage will only show in the coming weeks and months and be irreversible.
No comments:
Post a Comment