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Utopia Talk / Politics / oil wars
The Children
Member
Mon Mar 09 00:54:48
OIL WAAARRRSS.

looks like it on!

russia vs ausie arabia vs usa

OIL WAAARRRSS!!!

The Children
Member
Mon Mar 09 00:56:50
one of them is gonna end up lookin like klingon joanna...

jergul
large member
Mon Mar 09 01:08:12
Bye-bye fracking.
Dukhat
Member
Mon Mar 09 05:37:46
Fracking will be a strategic resource for the US from now on. We leave our oil in the ground as a threat to other nations from trying to price gouge us. Jack up the price, and we flood the market with fracked oil.

The threat alone means Russia and Saudia Arabia use their finite resources while we keep ours in the ground.

Thanks Obama!
Hrothgar
Member
Mon Mar 09 13:37:22
I think Saudi sees a desperate chance to throw a dagger into non-OPEC (read USA) oil. Knowing the market was already in for a rocky road for the next months/year+ they figure they have enough resources to ride it out while potentially killing a very serious competitor.
jergul
large member
Mon Mar 09 13:51:20
Russia's motive is locking out US LNG. As fracking slows, so will US NG production.
Habebe
Member
Mon Mar 09 14:09:19
They may still be pissed that the US was successful at stopping Nordstream 2.
hood
Member
Mon Mar 09 14:20:18
This is how Fallout started.
Habebe
Member
Mon Mar 09 14:24:08
The thingnis, Russia and SA will suffer more than the US, yes we will sell less oil as the price is gone, but like Dukhat pointed out its a strategic resource, we. Will keep the rigs.

So we get the benefit of cheap oil ( traditionally a boon for the US) as soon as the war is over we turn the pumps back on.

The US is diverse economy. Much more so than SA and Russia.

China will benefit from this to while it gets back to work.
The Children
Member
Mon Mar 09 14:41:27
lol who the hell u kiddin. all those frakin boyz are out of a job.



Habebe
Member
Mon Mar 09 14:50:33
Tc, The US is better situated to handle fluctuations in oil than most other oil producing nations.

60% of Russian exports and 1/3 of the GDP are from energy.

In the US its 8% of the GDP.
Habebe
Member
Mon Mar 09 14:51:18
Russia can't withstand a long price war on oil.
The Children
Member
Mon Mar 09 15:01:11
frakin boyz are out of a job!

kargen
Member
Mon Mar 09 22:33:29
This would be a good time for the US to top off the Strategic Petroleum Reserve. Saudi oil is cheaper to refine than US crude so the US can take advantage of prices to refine imported oil and stockpile US oil.
The US has also been kicking around the idea of an emergency stockpile of refined fuels. Smaller companies that have most their eggs in the fracking industry are likely going to be bought on the cheap by larger companies that can absorb some loss. Fracking will drop in production. This can be offset if the government decides to stockpile refined fuels as jobs would shift from one area to the other. Overall the energy sector should come out okay but the downside is the loss of small and medium sized businesses along the way.
jergul
large member
Tue Mar 10 01:06:03
Kargen
Not all destillates store well. A huge problem that I see is the disruption is hitting unevenly and you do not actually get to decide how oil fractions.

Ie aviation fuel consumption down more than gasoline.
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