American Economics Thread


PiSigma

"the engineer"
Lawyers and bankers are being instructed by the big corpos like oil companies. A simple trick is to keep Venezuela, Iran, Syria, Libya out of the market to keep the prices up. Do you believe that anything has to do about freedom and democracy? It's about "give me your oil for free or you will be blocked out of everything". The oil market is overmanipulated both from USA-EU and OPEC. No need of new wells or else
Not really. Not all oil is the same. US has been begging Venezuela to sell them oil recently and got ignored. What Venezuela provides is heavy sour blend, the stuff that makes kerosene to bunker fuel. Syria and Libya doesn't produce a heavy sour, or not significantly anyway. Iran got some, but US don't want to talk to them. Basically US shot themselves in the foot, beacuse lawyers think all oil is the same.

Even if US get some oil for free, they still can't do anything with it. Even light oil production from fracking is going to dive off a cliff in a few years, just too capital intensive and we'll depletion too fast.

There is plenty of oil market manipulation I agree. But supply and demand is still in play. The only countries with spare production capacity are Saudi and Russia. What they produce are pretty wide range in light and heavy. But the sapre capacity is going to be light or heavy, or sweet or sour, no one really knows. If the spare is not what the market needs, it essentially doesn't exist.
 

gelgoog

Brigadier
Registered Member
The US would not need Venezuelan or Russian oil had they built the Keystone XL pipeline to send heavy oil from Canada, tar sands oil, to the refineries close to the Gulf of Mexico. You can blame this one squarely on Biden who pulled the plug on the pipeline when they were ready to begin constructing it and already had equipment in place.
 

emblem21

Captain
Registered Member
The US would not need Venezuelan or Russian oil had they built the Keystone XL pipeline to send heavy oil from Canada, tar sands oil, to the refineries close to the Gulf of Mexico. You can blame this one squarely on Biden who pulled the plug on the pipeline when they were ready to begin constructing it and already had equipment in place.
Hence why Obama states that Biden turning fu*king things up into an art form. Lol, I am surprised that they didn't replace him as of yet
 

2handedswordsman

Junior Member
Registered Member
Not really. Not all oil is the same. US has been begging Venezuela to sell them oil recently and got ignored. What Venezuela provides is heavy sour blend, the stuff that makes kerosene to bunker fuel. Syria and Libya doesn't produce a heavy sour, or not significantly anyway. Iran got some, but US don't want to talk to them. Basically US shot themselves in the foot, beacuse lawyers think all oil is the same.

Even if US get some oil for free, they still can't do anything with it. Even light oil production from fracking is going to dive off a cliff in a few years, just too capital intensive and we'll depletion too fast.

There is plenty of oil market manipulation I agree. But supply and demand is still in play. The only countries with spare production capacity are Saudi and Russia. What they produce are pretty wide range in light and heavy. But the sapre capacity is going to be light or heavy, or sweet or sour, no one really knows. If the spare is not what the market needs, it essentially doesn't exist.
Because its too expensive for them to buy it. There is plenty of oil i think in Venezuela, Iran, Syria, Libya, Iraq etc. No need for new wells but USA and West must pay you know. Now the average westerner realises that is being governed from rediculously greedy elites...again
 

Peas

Junior Member
Registered Member
6qd8v7d2qc2a1.jpg


Oof this one hits hard.

The fashion is on point, though I think most men don't even have the money to buy chukka boots these days.
We should do something to change this poor situation!
 

Top