What would happen if Iran and Venzuella both stopped selling oil to US?

Question

Would they both go broke by snubbing their best buyer? Would gas prices go up again? Would alternate fuel cars come out quicker?

Answer 1

The just have to continue to sell more and more oil for the
Euro and not the USD like all the OPEC countries are starting to do and unfortunatelly the US will start to dismantle from within.
Look for a flash wave of total anarchy. No wonder there are hundreds and hundreds of huge ((empty)) prisons scattered all over that land.
PPl have to learn to get along instead of flexing to each other.

Answer 2

you're forgetting something very worry-free, maximum of our oil comes from interior u . s . a . of america, like 80 3% of it, so shall we only boost drilling in Alaska to help ease and inflation to gasoline. u . s . a . of america has a plan maximum folk do not see, its attempting to deplete the worlds oil grant over the subsequent few many years, then once oil is large intense priced and uncommon, then Alaska's oil fields will be nicely worth billions and anybody will flow to the U.S. in search for of oil. we are able to have large low gasoline expenditures if we would have beloved, yet I doubt the oil for U.S. customers will be less intense priced. So an invasion to maintain that plan will be a plan they have, if this variety of element ever occurred. If Saudi Arabia even tried to make and use nuclear guns, we because the U.S. would not be scared so truthfully. we are the worlds deterrent for now, we are able to not tolerate use of Nuclear strike. the only worry is completed-scale nuclear conflict, and Saudi Arabia wouldn't have that, nor will it ever. no one is stupid sufficient to apply nuclear guns in conflict, somewhat in the route of the U.S. all of us understand in the experience that your launching nukes, you extra ideal get waiting to sense some come your way, at the same time guaranteed destruction. As for the U.S. monetary gadget, such issues have occurred earlier, we realized that lesson contained in the gulf conflict, it received't happen again. Saddam Hussein is useless, by no skill again shall a cruel dictator rule any us of a, and end different international places oil production.

Answer 3

Iran doesn't sell oil to the US, but if Venezuela stopped, we would see about a 2-3 dollar increase per gallon.

Answer 4

LOL. Well its fairly obvious americans have a case of over inflated self importance. No they would not go broke, many other countries would buy the oil.We arent the only country consuming ungodly amounts of oil.If they stopped selling to us other countries could buy more, their economies would flourish further and ours would go further down the toilet.

Answer 5

Good question. Don't know. OPEC stopped selling us oil, or much, in the 1970's. It caused gas lines and high prices.

Whenever anything economically bad happens to the US., it hurts the whole world.
The world depends on the USA.

Answer 6

i am iranian and i am working in iran oil company
i think that tell this suggest in the world maybe cause increase of oil price and if it will happen i think it will be hjarmful for all of the countries not usa only

Answer 7

We don't buy oil from Iran.We are Venezuela's largest buyer,if they stop sales to us they go broke.

Answer 8

well there's like 8 other OPEC countries so i don't think it would be a problem, plus our reserves are full, and canada believe it or not has more oil than the middle east, only it's mixed with sand.

Answer 9

It would actually be good for us. Not right away but in a long term it would be great.
We would engage in finding alternative sources, and I know we would find them.

Answer 10

US would be able to buy enough elsewhere and they'd be able to sell elsewhere, so no big deal.

however, if they only started to accept euros (not dollars) for sales, this could have a big effect on the US economy.