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Old 09-16-2019, 09:21 PM
 
Location: Midwest
4,423 posts, read 7,261,064 times
Reputation: 7758

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Quote:
Originally Posted by Serious Conversation View Post
The amount of the disruption is not insignificant, but not world shocking, especially with a reserve release.

The biggest problem is going to be the psychological effects and if war ramps up.
War doesn't just ramp up. Someone pushes a button.

The Saudis have a military. Of sorts. Generations of inbreeding have left them with perhaps not the sharpest fighting force on the planet.

The attack was on the Saudis. Why in hell is it our business to stick our noses in every local explosion on the planet?

Our codependent relationships with GB, France, Germany, Japan, and numerous others whose #1 job should be self defense, does nobody any good.

Saudis should put their big boy pants on, and maybe enlist their BFFs the Kuwaitis and go do some payback, if that's what they want. This is Saudi turf, it's not Pittsburgh.
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Old 09-16-2019, 09:33 PM
 
12,228 posts, read 21,887,811 times
Reputation: 12111
Quote:
Originally Posted by Dwatted Wabbit View Post
War doesn't just ramp up. Someone pushes a button.

The Saudis have a military. Of sorts. Generations of inbreeding have left them with perhaps not the sharpest fighting force on the planet.

The attack was on the Saudis. Why in hell is it our business to stick our noses in every local explosion on the planet?

Our codependent relationships with GB, France, Germany, Japan, and numerous others whose #1 job should be self defense, does nobody any good.

Saudis should put their big boy pants on, and maybe enlist their BFFs the Kuwaitis and go do some payback, if that's what they want. This is Saudi turf, it's not Pittsburgh.
My thoughts exactly, if Mexico sent a dozen drones and hit our reserves or a huge pipeline you can bet tanks would be rolling as we speak...

We can sell the Saudis more weapons too. Win-win for everyone. And Yemen will disappear and become part of SA.

The bigger danger is doing nothing, basically shows the Saudis are weak Richards and can be screwed with. Iran will keep the funding going and more drones will rain down.
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Old 09-16-2019, 09:37 PM
 
Location: Was Midvalley Oregon; Now Eastside Seattle area
4,477 posts, read 2,062,357 times
Reputation: 3440
OP post#1.
Could be unfortunate good thing for domestic fracture fuel companies, Canadian bitumen tar-sand industry and their financiers. Also a higher price is also good for producers and midstreamers.
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Old 09-16-2019, 09:45 PM
 
19,079 posts, read 13,932,390 times
Reputation: 14563
Quote:
Originally Posted by wheelsup View Post
Sorry bro Iím not paying 8 bucks to read your supporting info
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Old 09-16-2019, 10:10 PM
 
12,228 posts, read 21,887,811 times
Reputation: 12111
Quote:
Originally Posted by Lowexpectations View Post
Sorry bro I’m not paying 8 bucks to read your supporting info
You don't have to, I already told you what their research showed.

And that was even before carbon scrubbers and sequestration became a thing.

Either way it will only get better moving forward.

But my post wasn't really concerned with the environmental aspects as much as the national security and economic ones.
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Old 09-16-2019, 10:20 PM
 
6,567 posts, read 6,591,946 times
Reputation: 3045
Why couldnt some other oil producing region just pump out some more like the Bakken?
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Old 09-16-2019, 10:25 PM
 
12,228 posts, read 21,887,811 times
Reputation: 12111
Quote:
Originally Posted by NJ Brazen_3133 View Post
Why couldnt some other oil producing region just pump out some more like the Bakken?
5m is a ton of capacity. When oil fell to mid 20's per barrel a few years ago the total excess capacity to drive that was half of that, and it wasn't even being fully utilized.
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Old 09-16-2019, 10:27 PM
 
9,748 posts, read 7,379,787 times
Reputation: 12537
Gas price when I went to work this morning.. $2.11


On the way home from work.. $2.35


that's the short term effect. Long term.. Less clear.
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Old 09-17-2019, 04:09 AM
 
Location: Washington State
19,333 posts, read 10,005,963 times
Reputation: 16485
Quote:
Originally Posted by wheelsup View Post
5m barrels offline as of 09/13, doesn't look good for gas prices.

Looks like we may get that recession yet, with a large spike in gas prices.
I'm surprised the effect wasn't greater in the market and in oil prices. The Saudis next move might completely spook the market and oil prices....I gassed up all my cars today and moved some money out of the market.
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Old 09-17-2019, 06:29 AM
 
Location: Upstate
5,881 posts, read 6,681,578 times
Reputation: 4301
Quote:
Originally Posted by Labonte18 View Post
Gas price when I went to work this morning.. $2.11


On the way home from work.. $2.35


that's the short term effect. Long term.. Less clear.
I thought our own oil supplies was supposed to guard against these kind of spikes. I had expected this and we all filled up at $2.11.
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