MovieChat Forums > Iron Eagle (1986) Discussion > 'Let's see how they feel about losing $1...

'Let's see how they feel about losing $100 million in oil.'


Actually, you little floating turd, you just blew up the oil they were about to ship to the states. Now we're gonna be paying $50 bucks a gallon at the pump before you can drag your dad back home! You dillweed!

Did anyone else catch that crap?

reply

Actually Col Blackbird had previously said "we've been embargoing trade with them for years, they're probably using this to get us to lift it." That means that nobody in the US was allowed to import anything, including oil, from that nation at all.

reply

This isn't how an embargo works. An embargo limits trade between two entities, not everyone. So basically oil gets sold on the open market from all suppliers. This then adds to the global pool of oil. By destroying the oil refinery they eliminate that supply point. This means any countries that were actively trading with them would lose this supply. Those countries would then need to meet demand by drawing on oil from other supplies. Simple supply and demand takes over meaning a global rise in oil prices.

PS: This is what part of the alphabet would look like if Q and R didn't exist.

reply

In life (weird to be discussing such issues on the Iron Eagle board, but oh well) other, more stable, more robust nations could increase output to make up the shortfall with very little impact on worldwide prices. Doug destroying the oil storage tanks and damaging the refinery would devastate a piss ant little rogue regime like the one portrayed in the film. The buyers of the world would see little impact, but the coffers of that nation would be severely damaged. Oil is probably the only thing they have.

reply

Do oil producing nations usually have refineries?

reply

Do oil producing nations usually have refineries?


Yes. Most non-producing nations have some refining capacity.

http://en.wikipedia.org/wiki/List_of_oil_refineries

reply

Doug must've hit another refinery yesterday, as gas shot up .50 a gallon overnight in my area.

Damn it, Doug, couldn't you have hit their organic tofu factory instead?

----
A journey into the realm of the obscure: http://saturdayshowcase.blogspot.com/

reply

I'm in Madison, WI, been all over the place last few weeks. Way up, way down. Buncha bull****.

reply