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I sometimes listen to news from the Al Jazeera channel to get a better perspective from middle east academics/analysts that are not consulted by the American media. Most of them state that SA wants the US to fight its war with Iran.
So far, Trump seems to be still living in the 80's in terms of wishing for ultra low gas prices, at the expense of the oil and gas industry. I'm not sure if this is just rhetoric; meat for the base. His policies make projects cheaper and more probable to get environmental approval, but at the expense of destroying their profitability. The energy sector has been one of the worst performing sectors since Trump's first year in office. So long as Trump proceeds with the trade war, the only way to achieve profitability in the sector is to remove supply. IMHO this was part of the impetus behind exiting JOPA. However there is still way too much supply. I have noticed that some of the major MLPs seem to be rushing to do more CAPEX when investors want them to reduce debt, perhaps hedging their bets that Trump may not get reelected. Most of the CAPEX is targeted away from very long term projects.
Trump seems to be doubling down on his strategy w/both China and Iran, piling on more sanctions against Iran and continuing to abstain on military action. It's almost as if he's giving the Iranians both a reason and a green light to continue to attempt to disrupt the middle east oil markets (the evil genius at work). One has to recall the US (seemingly inadvertently) sent a similar signal to Iraq before S Hussein invaded Kuwait... a signal that likely ensured the invasion.
It will be interesting to see if the impeachment process has any effect on his strategy going forward... and Bibi looks like he might survive as well (another proponent for US military action against Iran).
Last edited by mitchmiller9; 09-28-2019 at 03:39 PM..
the second post is kind of strange because the US has no intention to bomb saudi arabia. its iran that the US warmongers are trying to make war with. supposedly the US has to go to war if saudi arabia says so. supposedly they are on the hook because of an agreement made that the US would protect them if they agree to sell their oil in dollars (the whole petrodollar thing). the interesting thing is that nobody in the world believes it when the US and/or saudi arabia blames iran. its interesting and great.
My point is if USA wants to be energy dominant, we easily can. We dont have to be afraid of anyone especially SA. Because, well, we can bomb them back to pre-islam.
The fact that SA has so much sway over our leaders is disturbing. Why are we selling them weapons to use against innocent children and women? Why are getting involved with their beef with Iran?
Heck, why did we even make those immoral sheikhs rich? We never needed them to extract the oil in the Middle East. We could have just taken as much oil as we want, and not give two craps about the chieftains.
So far, Trump seems to be still living in the 80's in terms of wishing for ultra low gas prices, at the expense of the oil and gas industry. I'm not sure if this is just rhetoric; meat for the base. His policies make projects cheaper and more probable to get environmental approval, but at the expense of destroying their profitability. The energy sector has been one of the worst performing sectors since Trump's first year in office. So long as Trump proceeds with the trade war, the only way to achieve profitability in the sector is to remove supply. IMHO this was part of the impetus behind exiting JOPA. However there is still way too much supply. I have noticed that some of the major MLPs seem to be rushing to do more CAPEX when investors want them to reduce debt, perhaps hedging their bets that Trump may not get reelected. Most of the CAPEX is targeted away from very long term projects.
How can policies that make projects cheaper and more likely to get approval hamper profitability?
And really, it does not matter how well a certain sector performs, or profit margins. As long as x is greater than y, and there is always a demand, someone will fill into the market and provide the goods for people even if the margins are very low.
Making it cheaper to develop gas and oil resources tempts oversupply, that's all. Shale oil is already beginning to suffer from lack of investment dollars due to its lack of profits. I've read some small drillers are going to attempt to list on EU exchanges in the hope of getting some more capital to keep them going.
My point is if USA wants to be energy dominant, we easily can. We dont have to be afraid of anyone especially SA. Because, well, we can bomb them back to pre-islam.
The fact that SA has so much sway over our leaders is disturbing. Why are we selling them weapons to use against innocent children and women? Why are getting involved with their beef with Iran?
Heck, why did we even make those immoral sheikhs rich? We never needed them to extract the oil in the Middle East. We could have just taken as much oil as we want, and not give two craps about the chieftains.
nobody is afraid of SA militarily. the US made a deal to protect them if they sold oil in US dollars. the US doesnt want them switching away from dollars.
dont fool yourself into believing that they are any less moral than the US government. there is no greater evil on earth today than the US government. its interesting to see an American refer to Saudi Arabians as immoral. do you have no idea what the US government does overseas? Mass murder for money. Who kills more people directly and indirectly than the US government?
nobody is afraid of SA militarily. the US made a deal to protect them if they sold oil in US dollars. the US doesnt want them switching away from dollars.
dont fool yourself into believing that they are any less moral than the US government. there is no greater evil on earth today than the US government. its interesting to see an American refer to Saudi Arabians as immoral. do you have no idea what the US government does overseas? Mass murder for money. Who kills more people directly and indirectly than the US government?
well, most certainly better for us. the US government takes advantage of the fact that they can spend insane amounts of money and commit insane amounts of atrocities around the world as long as people within the US are kept very far from danger and have very limited consequences (mainly we just pay for it and you get a 'terrorist" attack every now and then). that is why the US focuses on weak 3rd world countries, Americans done care if you mass murder brown people as long as they are able to sit on their couch and safely munch away on their potato chips while watching netflix.
history is going to look back on the present day US government a lot more similarly to how we look back on the Nazi regime than people think (and they would be totally justified). our population is not unlike german citizens during that time. you think they didnt think that they were right and that the troops fought for their freedoms?
I'm still not sure why Rex Tillerson was chosen and why we didn't use the Paris Accord to our advantage. With a national energy strategy that took advantage of the Paris Accord, we could have led the push to replace coal with natural and renewable energy. Seemed like that might have been something in Tillerson's wheelhouse...
Last edited by VitaminB12; 10-08-2019 at 09:53 PM..
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