
Strait of Hormuz - where the Persian Gulf meets the Indian Ocean
infographic via freemalaysiatoday.com showing pre - war marine traffic
The Strait of Hormuz is barely 21 miles wide at its narrowest point with only about 12 miles of that navigable by big ships. Yet this narrow maritime corridor carries one of the greatest concentrations of economic risk on the planet. When tensions flare in the Persian Gulf, the shockwaves are felt in India,China, Japan, Indonesia and Australia — and ultimately across the entire global economy.
The reason is simple. Roughly one fifth of the world’s oil consumption and a similar share of global LNG trade passes through the Strait of Hormuz, making it the most critical energy marine chokepoint on Earth. However most of the oil and a lot of the LNG and petroleum products coming out of the strait are headed east towards India, China and Japan rather than turning west towards Europe and the USA. So why is it such a big deal?
Because despite all the huff and puff from the woke brigade Fossil Fuels provide 85% of the worlds energy, the world still runs on oil and gas. Silly countries like the UK and Germany where the governing elites have been captured by the UN and WEF dogma about destroying the planet by polluting the atmosphere with Carbon Dioxide (CO2) a trace gas on which all life depends, are prepared to impoverish their citizenry,industries and destroy their Industrial Base so as to be the goody two shoes CO2 emissions reduction champions because they are fully aligned with globalist politics.
A big part of that elitist environmental virtue signalling has ben the ruch among the governments of the west's great manufacturing nations to export manufacturing industrie and the jobs and prosperity those industries bring, to the emerging economies of the far east, China, India, Indonesia and others. Thu the now consumption driven economies of the west depend for our mnufactured goods on the places the oil, gas, etc. passing through the strait is heading for.
Discussions on energy policy tend to focus on electricity and getting 'free' energy from 'sustainable' sources like wind and solar, but electricity is only about 15% of energy consumption. Rural France relies heavily on heating oil and LPG, and France imports LNG for its gas grid. So France will be just as affected as other European Countries.
But only 2% of petroleum consumed in the USA and zero gas goes past Hormuz. The USA being mostly self-sufficient in oil and gas – so Trump is bothered about closure of Hormuz Straits, because… ? And now USA has Venezuelan oil too….nice one Trumpie. Only 4% of oil and 10% of LNG transiting Hormuz is bound for Europe. Its closure is no biggy, therefore. It’s the destruction of LNG processing that is the problem for Europe. And Europe: if only there were an alternative supply of oil and gas, like Russia – Oh wait a sec.
A sensible, pragmatic government would take the present crisis as evidence that we cannot rely on foreign sources of oil and gas, and that we need to exploit the plentiful resources that lie within our territory or beneath the seas surrounding our archipelago. They would get the oilfields and gasfields open and producing. Not the idiots in the present government, they will just use this as “proof” that we need to move away from fossil fuels and rely solely on green energy. They’ll ignore the inconvenient truth that hydrocarbons are necessary as a raw material for a range of vital industries, and that without fossil fuels to back them up, our “renewable” energy sources are a useless ornament when the sun doesn’t shine and the wind doesn't blow.
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