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2
Posted on 12/15/14 at 9:45 am to JayDeerTay84
He's already laid out a valid point that ISIS has very little if any to do with what is happening with the price of oil. What do you not understand about this? 
I know there were quite a few scary articles that came out a few months ago when nimrods were worried ISIS was about to take over the world, but they aren't moving that much oil and what they were doing has been in decline for several months.
I know there were quite a few scary articles that came out a few months ago when nimrods were worried ISIS was about to take over the world, but they aren't moving that much oil and what they were doing has been in decline for several months.
Posted on 12/15/14 at 9:46 am to JayDeerTay84
quote:
You can believe what you want, but this was very calculated.
Saudi isn't and will not let and OPEC country be controlled by terrorist. In one move they cut their feet from under them.
Really?
ISIS is selling a minimal amount of oil @ about $20/bbl in a regional black market. You thing $60 international pricing has undercut them? What will undercut them is their lack of technical ability to keep these old conventional fields on line. All you have to do is wait. At this point I think it's pretty clear you're believing what you want since your only support to your assertion is "un-huhn".Posted on 12/15/14 at 9:52 am to cwill
It's not about the oil. It was about their money supply and Iraq stability.
Anyway, you are taking it as if I meant it as OPEC had a meeting about ISIS. That's not what I am saying.
I am saying that it is a nice result to a broader strategy.
You just took it and spun it into something larger.
Edit: I realize I said "hurt Saudi". That was a mistake. Meant OPEC countries. But not in a oil price sense.
Anyway, you are taking it as if I meant it as OPEC had a meeting about ISIS. That's not what I am saying.
I am saying that it is a nice result to a broader strategy.
You just took it and spun it into something larger.
Edit: I realize I said "hurt Saudi". That was a mistake. Meant OPEC countries. But not in a oil price sense.
This post was edited on 12/15/14 at 10:03 am
Posted on 12/15/14 at 9:55 am to notiger1997
Try to keep up. I never once made a claim that ISIS had anything to do with the price of oil.
In one fail swoop, Saudi has done more damage to ISIS than the US could ever think of doing without boots on the ground.
In one fail swoop, Saudi has done more damage to ISIS than the US could ever think of doing without boots on the ground.
Posted on 12/15/14 at 10:01 am to JayDeerTay84
quote:
It's not about the oil. It was about their money supply and Iraq stability.
You're shifting gears, but not effectively...you said that ISIS was one of the reasons that SA cut prices. You're only now saying it's a "nice result" an unintended consequence....but it's not even that.
quote:
You just took it and spun it into something larger.
I just responded to your posts...one at the top of this very page where you implied that, in relation to ISIS, the price cut was very calculated.
Posted on 12/15/14 at 10:04 am to cwill
I never said anything of that sort. I used spacing.
Use the quote function and prove it.
I did say ISIS hurt Saudi by mistake, but already clarified that.
At no point did I say ISIS affected oil prices.
Use the quote function and prove it.
I did say ISIS hurt Saudi by mistake, but already clarified that.
At no point did I say ISIS affected oil prices.
Posted on 12/15/14 at 10:06 am to JayDeerTay84
quote:
Only for about a year.
So yea, quoting a low lift price is meaningless because the true costs is tied into their social spending which cannot stop.
They have several years of forex reserves all over the world for just this type of scenario. For anyone to try and make it sound better for the US situation by trying to make it sound worse for Saudi is disingenuous and very misleading.
Posted on 12/15/14 at 10:14 am to JayDeerTay84
quote:
Saudi has more reasons than the US Shale plays.
ISIS was also hurting Saudi. Saudi has effectively cut ISIS's ability to produce/refine their black market oil.
LINK
quote:
Also, I didn't say it was THE reason but a reason. There are many.
LINK
quote:
You can believe what you want, but this was very calculated.
Saudi isn't and will not let and OPEC country be controlled by terrorist. In one move they cut their feet from under them.
LINK
There you go pal.
quote:
At no point did I say ISIS affected oil prices.
If you suggest that a reason SA cut prices was because of ISIS then you are implying ISIS affects prices.
This post was edited on 12/15/14 at 10:16 am
Posted on 12/15/14 at 10:28 am to cwill
You falsely assume. Nothing you quoted said anything about ISIS affecting pricing.
Yes, ISIS is a problem for OPEC countries. Its a fact.
It would be like if Mexico took over some Texas refineries and oil fields. It wouldn't hurt our overall production in the states, but eventually, we would have to deal with it by force or price. YES, the price of Oil is a weapon.
If you don't think that when Saudi decides to NOT curb production that they dont look at ALL the effects in ALL the OPEC countries, then you need to check your head. Of course they knew/know what would happen. This move is VERY calculated.
Stop spinning. No, its not very calculated because of ISIS.
Anyway, go online and read. The US has been involved with Saudi and their are many layers to this.
Yes, ISIS is a problem for OPEC countries. Its a fact.
It would be like if Mexico took over some Texas refineries and oil fields. It wouldn't hurt our overall production in the states, but eventually, we would have to deal with it by force or price. YES, the price of Oil is a weapon.
If you don't think that when Saudi decides to NOT curb production that they dont look at ALL the effects in ALL the OPEC countries, then you need to check your head. Of course they knew/know what would happen. This move is VERY calculated.
Stop spinning. No, its not very calculated because of ISIS.
Anyway, go online and read. The US has been involved with Saudi and their are many layers to this.
This post was edited on 12/15/14 at 10:34 am
Posted on 12/15/14 at 10:30 am to CrackingCodes
quote:
Off topic- but why don't you like VTSMX? Which vanguard fund would you throw in a Roth?
It's not that I don't like it, but everyone here loves it because of the low fees. If someone did their homework, they would find many funds with less risk and better returns over the long haul even though they paid a commission for it
Posted on 12/15/14 at 10:32 am to htownjeep
The better title for the thread would have been Oil Wars: Why Saudi Arabia Will Win
And the subject matter isn't Saudi vs USA because the US is not the focus of their lashing out. Sure, the ND shale will get kicked in the face and I'm sure Saudi doesn't mind that, but it's just a bonus of their main goal.
Their main goal here is to knock the legs out from under Iran's nuclear program and the quickest and easiest way is to drive down the cost of oil and cripple Iran financially. It has always been a threat to them and they have always kind of let us handle the sanctions and monitoring. Well in the last few months our weak leadership (not going to get political here, just stating a fact) has proven that we will do nothing more than wag our finger at them (Iran).
Well, Saudi Arabia is fed up with no results and have decided to take matters into their own hands. They are going to do this until it kills their nuclear capabilities.
The Assad regime in Syria is crazier than a shithouse rat and has also been a threat to them as well... and who is their biggest backer? That's right, Russia. And what does Russia need in order to keep doing this? Oil in the $90-100 range, that's what. So in one big sweeping strike, they will be knocking out a nuclear threat in their backyard and the moneybags supporting the crazy neighbor over there that wants all of their stuff.
The stuff that happens to the US is just an unintended consequence and they know that we will survive it. That is hard to comprehend if you just got laid off or will be feeling the immediate consequences.
And the subject matter isn't Saudi vs USA because the US is not the focus of their lashing out. Sure, the ND shale will get kicked in the face and I'm sure Saudi doesn't mind that, but it's just a bonus of their main goal.
Their main goal here is to knock the legs out from under Iran's nuclear program and the quickest and easiest way is to drive down the cost of oil and cripple Iran financially. It has always been a threat to them and they have always kind of let us handle the sanctions and monitoring. Well in the last few months our weak leadership (not going to get political here, just stating a fact) has proven that we will do nothing more than wag our finger at them (Iran).
Well, Saudi Arabia is fed up with no results and have decided to take matters into their own hands. They are going to do this until it kills their nuclear capabilities.
The Assad regime in Syria is crazier than a shithouse rat and has also been a threat to them as well... and who is their biggest backer? That's right, Russia. And what does Russia need in order to keep doing this? Oil in the $90-100 range, that's what. So in one big sweeping strike, they will be knocking out a nuclear threat in their backyard and the moneybags supporting the crazy neighbor over there that wants all of their stuff.
The stuff that happens to the US is just an unintended consequence and they know that we will survive it. That is hard to comprehend if you just got laid off or will be feeling the immediate consequences.
Posted on 12/15/14 at 10:34 am to htownjeep
quote:
They have several years of forex reserves all over the world for just this type of scenario. For anyone to try and make it sound better for the US situation by trying to make it sound worse for Saudi is disingenuous and very misleading.
They do not have several years of budget money for a price war.
Posted on 12/15/14 at 10:38 am to JayDeerTay84
quote:
Stop spinning.
You're the only one doing that. You've not made one supportive comment and once you were boxed in you started spinning. Good luck with that.
Posted on 12/15/14 at 10:41 am to JayDeerTay84
quote:
They do not have several years of budget money for a price war.
They don't? Please tell me how you know this.
Posted on 12/15/14 at 10:43 am to cwill
quote:
You're the only one doing that. You've not made one supportive comment and once you were boxed in you started spinning. Good luck with that.
Yes I have. You spun this into ISIS affecting price. I told you what I meant. No one cares about the Oil ISIS has other than it was the means by which they brought in close to $5 mil/day.
Saudi rely's HEAVILY on non-islamic support/defense. An islamic state growing in their their backyard is an issue along with their CURRENT struggles with Iran/Shia's.
Posted on 12/15/14 at 10:45 am to htownjeep
quote:
They don't? Please tell me how you know this.
Math?
Posted on 12/15/14 at 11:10 am to JayDeerTay84
quote:
Math?
Mind sharing your "math" with the class?
Posted on 12/15/14 at 11:23 am to htownjeep
I think you're subject to the same question regarding your thoughts on Syira, Iran and how much money SA has in its war chest to survive a $60 price environment.
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