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re: Guys...what are we going to do about Russia?
Posted on 9/2/14 at 11:37 am to cave canem
Posted on 9/2/14 at 11:37 am to cave canem
quote:
We have the one of the highest cost of production of crude in the world in the US. The reason production has ramped up in the US is stable high prices. Fracking is nothing new, the technology is decades old, it is just expensive and not worth it at 35$ a barrel. US exploration would cease to exist at low oil prices and production would plummet thereafter.
I can't believe I forgot to mention this point...probably the most salient point.
0
Posted on 9/2/14 at 11:38 am to genuineLSUtiger
quote:
Humanity has become a virus on the surface of the Earth. I think this might be a good thing.
YES! Mother Gaia silently weeps from the damage the human infestation has inflicted on the peace loving environment. While her rage is currently in a lull, soon humans will taste the retribution from their global environmental atrocities.
Posted on 9/2/14 at 11:50 am to son of arlo
I see lots of posts about oil and prodiction. Im assuming this is in reference to hurting russia.
Someone mentioend Keystone, etc.
Heres the deal. I recently read an article that stated that Russias oil revenues (close to 70% of their total revenue) are based off of oil being at or above a certain price per barrel.
I want to say it was around 109 or 110. Every dollar the barrel drops, Russia literally loses billions. Its below that mark right now, and been below it for a short while.
All the US has to do is keep it low or send it a little lower - around 95-100/barrel,and keep it there and Russia is fricked.
we can do that with a release from our reserves and working with OPEC.
furthermore, EXXON and others should be restricted from developing the arctic for Russia (why this isnt being done is beyond me)
Someone mentioend Keystone, etc.
Heres the deal. I recently read an article that stated that Russias oil revenues (close to 70% of their total revenue) are based off of oil being at or above a certain price per barrel.
I want to say it was around 109 or 110. Every dollar the barrel drops, Russia literally loses billions. Its below that mark right now, and been below it for a short while.
All the US has to do is keep it low or send it a little lower - around 95-100/barrel,and keep it there and Russia is fricked.
we can do that with a release from our reserves and working with OPEC.
furthermore, EXXON and others should be restricted from developing the arctic for Russia (why this isnt being done is beyond me)
This post was edited on 9/2/14 at 11:52 am
Posted on 9/2/14 at 12:15 pm to BobBoucher
quote:
we can do that with a release from our reserves and working with OPEC
There is no way on this earth OPEC is going to help the US lower crude prices. The member states of OPEC are a who's who of countries that do not like the US. Think Venezuela, Iran, Libya, Algeria etc. Not happening. Every dollar off the price of crude cost them just as much as Russia and some OPEC members such as Nigeria and Angola are in much worse shape than the Russians.
Posted on 9/2/14 at 12:21 pm to cave canem
quote:
There is no way on this earth OPEC is going to help the US lower crude prices.
Perhaps, but there are allies in there too like Saudi Arabia, Iraq, Kuwait, etc, and i think the US has lobbied for OPEC action in the past with some success, even if limited.
This post was edited on 9/2/14 at 12:22 pm
Posted on 9/2/14 at 12:31 pm to BobBoucher
quote:
Perhaps, but there are allies in there too like Saudi Arabia, Iraq, Kuwait, etc, and i think the US has lobbied for OPEC action in the past with some success, even if limited
This is somewhat true, Saudi Arabia brought some spare capacity online to relieve prices when they approached 140$ a barrel because they knew it was unsustainable and threatened to crash the economy again and crude prices with it. That is a far cry from driving the price below 100$ a barrel to punish the Russians who the Saudi's have no beef with. Make no mistake about this, crude prices are controlled by Saudi Arabia right now and will remain where they wish it to. They keep around 2 million BPD in spare capacity as a threat to hold the rest of OPEC in line. frick EF Hutton, when Ali Al-Nami speaks the world listens, that is the reality of the oil market in 2014.
Posted on 9/2/14 at 12:33 pm to cave canem
quote:
crude prices are controlled by Saudi Arabia right now and will remain where they wish
And ironically we have a common enemy, if not several (ISIS scares the shiite out of them).
tit for tat.
This post was edited on 9/2/14 at 12:34 pm
Posted on 9/2/14 at 12:35 pm to cave canem
Thank you BobB for saying what I should have worded differently. I thought the braintrusts would understand what that meant but instead I got called a dumbass and everything else for not spelling it out play by play.
Simply put, if Russia can't feed their army; their army isn't making waste of Ukraine.
Simply put, if Russia can't feed their army; their army isn't making waste of Ukraine.
Posted on 9/2/14 at 12:44 pm to BobBoucher
quote:
And ironically we have a common enemy, if not several (ISIS scares the shiite out of them).
Not nearly as bad as they scare the poliboard. As I have said before I am in northern Saudi Arabia right now just north of Jubail and see far more interest on ISIS in the US media than I do here. I guess the boogeyman does not scare arabs as bad as coonasses.
Posted on 9/2/14 at 12:59 pm to cave canem
quote:
As I have said before I am in northern Saudi Arabia right now just north of Jubail and see far more interest on ISIS in the US media than I do here. I guess the boogeyman does not scare arabs as bad as coonasses
I would imagine that state media (it is state-media in SA right?) would have an interest in downplaying the growth, advances,m and threats of ISIS.
Posted on 9/2/14 at 1:19 pm to BobBoucher
quote:
I would imagine that state media (it is state-media in SA right?) would have an interest in downplaying the growth, advances,m and threats of ISIS.
Not necessarily state media but certainly censorable by the state ie they know what not to print. As far as TV we get Fox news, CNN, BBC, and any other outlet you can think of un-censored. I work with a Saudi staff of about 100 and pretty much discuss anything we like. They are far more concerned with the fappening than ISIS. There has been a small increase in the amount of soldiers at the roadside checkpoints but nothing major. The few conversations we have had about those shitheads revolved around how they were giving Muslims a bad name and need to be shot. Most people here realize groups like ISIS can only exist in failed states and have zero chance against an organized military.
Posted on 9/2/14 at 1:27 pm to cave canem
They have succeeded in their quest to be "westernized" then because most people here are as well.
quote:
They are far more concerned with the fappening than ISIS
Posted on 9/2/14 at 1:42 pm to bamarep
quote:
They have succeeded in their quest to be "westernized" then because most people here are as well.
Actually, I'm so scared of ISIS over here in the U.S coming to get me that I can't even frap anymore.
Posted on 9/2/14 at 1:59 pm to PenguinNinja
The president we have is a pussy. We will do nothing.
Where are you Ronald Regan?
Where are you Ronald Regan?
Posted on 9/2/14 at 2:02 pm to LSU Delts
quote:
The president we have is a pussy. We will do nothing.
Where are you Ronald Regan?
Well this is a bullshite post. The absolute most we could do is arm Ukraine, however it would take months to get the equipment over there and get their soldiers trained on how to use western armaments. recall they are only familiar with Russian weapons. And it still may happen.
So what else you got?
This post was edited on 9/2/14 at 2:04 pm
Posted on 9/2/14 at 2:06 pm to BobBoucher
quote:
So what else you got?
Come on man, you've been around this board.... The only acceptable answer for every region in unrest is to "turn it into glass- nuke those bitches".
Posted on 9/2/14 at 2:07 pm to LSU Delts
quote:
The president we have is a pussy. We will do nothing.
Where are you Ronald Regan?
Well, I don't think we need to sell arms to terrorists or run away after suffering a setback so I guess I don't get how Reagan is relevant here.
Posted on 9/2/14 at 2:08 pm to socraticsilence
quote:
Well, I don't think we need to sell arms to terrorists or run away after suffering a setback so I guess I don't get how Reagan is relevant here.
Room mate?Posted on 9/2/14 at 2:08 pm to BobBoucher
Other than pride does anyone actually give a damn is Russia gets the band back together? Ukraine, Latvia, Estonia, Georgia etc were part of the USSR and have been basically Russian for 70 years. Why do I care about this?
Posted on 9/2/14 at 2:23 pm to cave canem
quote:
Other than pride does anyone actually give a damn is Russia gets the band back together?
I think that the people of those nations, many of whom were actively fricked over by the Russians during the USSR period, will care.
I also think that the former Eastern European satellite nations, like Poland, will get nervous about being next. Christ, the Russians likely had a hand in crashing a plane which had most of the Polish elite on it a few years back, including the sitting President.
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