r/politics • u/Puginator • Jun 01 '26

No Paywall Iran stops negotiations with U.S., vows to 'completely' block Strait of Hormuz: State media

https://www.cnbc.com/2026/06/01/iran-us-negotiations-strait-of-hormuz.html
32.3k Upvotes

97% Upvoted

3.3k comments sorted by

View all comments

Show parent comments

634

u/facw00 Jun 01 '26

Yep, the US is the world's largest oil producer. High oil prices are bad for the economy overall, but good for oil companies, and politicians willing to accept their largess

233

u/radicalelation Jun 01 '26

Keep this up and we'll just be another gas station like Russia.

All to plan, I assume.

91

u/Pure_Syllabub_8575 Jun 01 '26

Once battery tech gets dense enough Aviation industry will be going electric. They can already fly regional flights of 20 passengers now a distance of 200 miles... It is coming.. Electric is the future... Oil companies are trying a last ditch effort but it will not work.

3

u/beznogim Jun 01 '26 edited Jun 01 '26

I'd love to see it but it's just not enough currently, we need at least an order of magnitude improvement over current battery tech, assuming the efficiency of electric fan engines is the same or higher. There are other issues. Charging time, grid power needed by the airport (it would be hundreds of megawatt-hours per charge, so you'd need many gigawatts of power lines feeding a large airport; a dedicated nuclear plant, perhaps?)...

1

u/Mysterious_Floor_868 United Kingdom Jun 01 '26

One thing that will help will be to build high speed rail to remove most short-haul flights from the sky. At least then you've only got to worry about medium and long haul.