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Oct 6 2022 02:27am
U.S. Said to Be Looking at Relaxing Venezuela Sanctions https://www.marketwatch.com/articles/oil-prices-today-51665043162?mod=mw_latestnews

:rofl:
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Oct 6 2022 03:56am
Quote (Mondain @ Oct 6 2022 05:25pm)
Is this an inside joke or something? It's not funny.


Not sure what part of trump made that call you do not understand.
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Oct 6 2022 04:00am
Oil crisis on the way. Bombing Iraq isn't going to help this time around. At the same time, EU wants max price on Russian oil with sanctions.
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Oct 6 2022 05:31am
Quote (Goomshill @ Oct 6 2022 02:03am)
Well you see, Donald Trump was a buffoon and lost us legitimacy on the world stage and all the world powers laughed at us and no longer respected us, so they felt free to walk all over us and ignore our demands. Trump threatened NS2, armed Ukraine, demanded NATO invest in its military, demanded Saudis pump more or less oil when it benefited us, etc etc, and naturally it was all rejected out of hand because he was seen as illegitimate and powerless. Then Joe Biden was elected and restored America's geopolitical gravitas. All the rest of the world lined up to bow before him and heeded his every demand. He united the entire world with America again, restoring confidence in NATO and bringing OPEC to heel and subjugating Russia. Its everything the pundits ever predicted during the 2020 election, come to pass. Joe Biden delivered us.


Before when you said that parts of the world was aligning with Russia as a result of the war I thought it was bit of a stretch. But tbh public displays of snubs like this one reinforces that. We just don't have the influence we once did. The global south is tired of taking orders and instead is increasingly doing what's best for themselves. India & Saudis are prime examples front and center. Even if we get Ukraine into our NATO camp and degrade Russia significantly, we got kind of exposed by this move.


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Oct 6 2022 06:39am
Quote (ofthevoid @ Oct 6 2022 06:31am)
Before when you said that parts of the world was aligning with Russia as a result of the war I thought it was bit of a stretch. But tbh public displays of snubs like this one reinforces that. We just don't have the influence we once did. The global south is tired of taking orders and instead is increasingly doing what's best for themselves. India & Saudis are prime examples front and center. Even if we get Ukraine into our NATO camp and degrade Russia significantly, we got kind of exposed by this move.


We were always going to be a waning power with China surging, but our geopolitical influence is eroding far more rapidly due to Joe Biden's foreign policy. Trump tried to restore some of our clout, and succeeded in some ways, especially when it came to the Arab world and aligning with Israel against Iran. We made some serious gains. Then we had Joe Biden's catastrophic Afghan withdrawal expose us as toothless and rudderless, which was seized on by Putin in Ukraine to which Joe Biden started acting faux-bellicose and challenging our allies, opponents and unaligned world without any substantive threat to back it up, which results in the rebukes and cold shoulders we've been seeing. I don't blame Joe Biden for our inevitable decline from global superpower, but I do blame him for failing to throw our weight around when it mattered and then trying to throw our weight around in the most counterproductive way.

At least under both Bush and Obama with the misguided foreign interventionalist foreign policy that kept making things worse for us, it was still enough of a madman threat that the rest of the world took us seriously. Like Nixon wanting the commies to be scared of him leaving 'Nam. Vladimir Putin was legitimately concerned Hillary Clinton would try to stage a color revolution in Russia and overthrow him. Under Joe Biden, we've stolen China's title of paper tiger. They aren't afraid of us anymore.
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Oct 6 2022 07:15am
Joe Biden is a pedophile
Hunter Biden is a crack fiend

I sad because when Trumpy was President I pay 2$ now I pay 5$ for gasoline
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Oct 6 2022 08:54am
Quote (ofthevoid @ Oct 5 2022 10:21pm)
How come Biden's admin did a 180 in a phone booth and now are seeking sovereign immunity for bin Salman?

Edit, and you’re right that this is a quota cut but you’re actually wrong that this won’t impact prod cuts. It’ll essentially take close to 1k barrels of oil/day off the market.


1k a day? Unless that's a typo... that's less than a rounding error.

If you mean 1m a day that's still not a big deal. USA is up something like 600k barrels a day since the invasion. Still not a big deal.
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Oct 6 2022 09:26am
Quote (NetflixAdaptationWidow @ Oct 6 2022 10:54am)
1k a day? Unless that's a typo... that's less than a rounding error.

If you mean 1m a day that's still not a big deal. USA is up something like 600k barrels a day since the invasion. Still not a big deal.



Typo. 1m/day in an already tight market. It’s significant, that’s why oil jumped like 10% on the announcement, that’s why the White House rebuked it. When the SPR flows stop artificially keeping prices low in the US between that and this cut we’re going back to 4+ dollars a gallon easily.

This post was edited by ofthevoid on Oct 6 2022 09:27am
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Oct 6 2022 12:35pm
if only america had oil on its own soil......oh wait they have, but the government is sabotaging domestic production
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Oct 6 2022 01:00pm
Quote (Plaguefear @ Oct 6 2022 05:56am)
Not sure what part of trump made that call you do not understand.


So you hate trump, but give biden a pass when he does it?

That's orange man bad syndrome dude
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