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gab13by13

(29,067 posts)
Mon Sep 18, 2023, 08:31 AM Sep 2023

Watch The Price Of Oil

Russia and Saudi Arabia Want a Global recession and Putin and MBS especially want a recession in American right before the election.

37 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
Watch The Price Of Oil (Original Post) gab13by13 Sep 2023 OP
With friends like MBS, who needs enemies? dutch777 Sep 2023 #1
Yeah, it is a list of bad options. TheRealNorth Sep 2023 #23
If we relied on green energy, we wouldn't be held hostage by these bad actors Walleye Sep 2023 #2
It would also help if 'Merica wasn't addicted to large SUV's Ferrets are Cool Sep 2023 #3
Need to impose a $1000 per year SUV tax MichMan Sep 2023 #6
While I agree, it would be a sure fire way to lose the next election. Ferrets are Cool Sep 2023 #15
This message was self-deleted by its author elocs Sep 2023 #13
If ifs and ands were pots and pans there be no need for tinkers Walleye Sep 2023 #18
This message was self-deleted by its author elocs Sep 2023 #32
Mom was from the Eastern Shore of Virginia, which she called the little end of nowhere, so probably Walleye Sep 2023 #33
But the President shook his hand! orthoclad Sep 2023 #4
I feel certain you're right. n/t Mister Ed Sep 2023 #5
Yet our econ gurus will fail to say that. GreenWave Sep 2023 #7
Magats will blame President Biden for gab13by13 Sep 2023 #8
Already NowISeetheLight Sep 2023 #9
They hear it on fox, they believe it is true. Ferrets are Cool Sep 2023 #16
They have no idea how the international oil market work Walleye Sep 2023 #19
Same with many of the conspiracy theory mongers in this thread. tritsofme Sep 2023 #27
We are becoming a country of too much information and too little knowledge Walleye Sep 2023 #29
I really believe that is their plan. Along with 150 house rehugs. (Domestic terrorists that is) bluestarone Sep 2023 #10
On the flip side, Beachnutt Sep 2023 #11
Until Republicans tax the shit out of EV's..... TheRealNorth Sep 2023 #21
Actually Texas is already charging more to register an ev Beachnutt Sep 2023 #34
Road funds depend on gas taxes now, so Captain Zero Sep 2023 #35
A certain amount might be fair.... TheRealNorth Sep 2023 #37
Stop, or at least slow down our trade multigraincracker Sep 2023 #12
Won't work. Gas prices will not be relevant Roc2020 Sep 2023 #14
You're kidding right? This is 'Merica. Gas prices would win every time. Ferrets are Cool Sep 2023 #17
It just won't be gas prices.... TheRealNorth Sep 2023 #24
A global recession would cause oil prices to crater. How is that in Saudi Arabia's interest? tritsofme Sep 2023 #20
If they make huge profits from $6 a gallon gas..... TheRealNorth Sep 2023 #22
Biden would get blamed for it InstantGratification Sep 2023 #26
Fiends Kid Berwyn Sep 2023 #25
And every price fluctuation is an opportunity for those in the know.... TheRealNorth Sep 2023 #28
"The best way to predict the future is to make it happen." -- US Army saying Kid Berwyn Sep 2023 #30
It could backfire on them... Hugin Sep 2023 #31
Or the US could keep it's own oil within our borders... Chakaconcarne Sep 2023 #36

dutch777

(4,659 posts)
1. With friends like MBS, who needs enemies?
Mon Sep 18, 2023, 08:42 AM
Sep 2023

Talk about when all your choices/options in foreign policy are just all bad...which bad one do we choose?

Response to Walleye (Reply #2)

Walleye

(41,556 posts)
18. If ifs and ands were pots and pans there be no need for tinkers
Mon Sep 18, 2023, 11:15 AM
Sep 2023

One of my mom’s favorites

Response to Walleye (Reply #18)

Walleye

(41,556 posts)
33. Mom was from the Eastern Shore of Virginia, which she called the little end of nowhere, so probably
Mon Sep 18, 2023, 03:20 PM
Sep 2023

gab13by13

(29,067 posts)
8. Magats will blame President Biden for
Mon Sep 18, 2023, 09:59 AM
Sep 2023

protecting the Alaska arctic from drilling.

It's still early yet, but if gas goes to 5 -6 dollars a gallon it won't help.

No matter what happens I have hope that Americans have had enough of Donald Trump.

I would like to see Trump on trial before the election, that should counter high gas prices.

NowISeetheLight

(3,998 posts)
9. Already
Mon Sep 18, 2023, 10:05 AM
Sep 2023

Here in our local NextDoor politics crazy group you have MAGATS claiming Biden "closed all the wells" and that we have "unlimited oil". They're totally deluded. When you point out to them Trump talked MBS into cutting production before covid, how California has always imported 85% of its oil (no pipelines), and how a global economy works, well, theyre just oblivious.

It's like inflation. Covid shuts down world production, demand finally increases, but production centers (like China) can't keep up, demand increases, supply can't keep up, prices go up, inflation. All they can do is scream BIDENOMICS. Try to give them a lesson on how economics actually works and they stick their fingers in their ears and go LA-LA-LA. They're hopeless.

Walleye

(41,556 posts)
19. They have no idea how the international oil market work
Mon Sep 18, 2023, 11:17 AM
Sep 2023

The MAGATs will say, why don’t we just drill our own oil. As if we own the oil. As if the oil belongs to the people

tritsofme

(19,423 posts)
27. Same with many of the conspiracy theory mongers in this thread.
Mon Sep 18, 2023, 11:54 AM
Sep 2023

Global oil markets don’t turn on conspiracy theories.

bluestarone

(20,005 posts)
10. I really believe that is their plan. Along with 150 house rehugs. (Domestic terrorists that is)
Mon Sep 18, 2023, 10:08 AM
Sep 2023

Hell i actually won't be surprised if gas goes to $7 plus a gallon. They want America destroyed. No doubt in my mind. Be ready!

Beachnutt

(8,829 posts)
11. On the flip side,
Mon Sep 18, 2023, 10:46 AM
Sep 2023

If oil prices go way up more folks switch to EV's, solar etc.. and big oil realizes this.
If clean energy such as hydrogen electric ramp up saudis can drink their oil.

Beachnutt

(8,829 posts)
34. Actually Texas is already charging more to register an ev
Tue Sep 19, 2023, 08:47 AM
Sep 2023

than a gas vehicle.
Crooked bastard abbott.

Captain Zero

(8,180 posts)
35. Road funds depend on gas taxes now, so
Tue Sep 19, 2023, 09:02 AM
Sep 2023

There is going to have to be a way to get road funds from EVs, unless tax cuts for the rich are going to trickle down on the roads.

TheRealNorth

(9,629 posts)
37. A certain amount might be fair....
Tue Sep 19, 2023, 02:11 PM
Sep 2023

But Republicans could use it as an excuse to "punish" those who buy EV's.

Roc2020

(1,721 posts)
14. Won't work. Gas prices will not be relevant
Mon Sep 18, 2023, 11:06 AM
Sep 2023

I hear that every election gas prices. Stakes are way too high, Democracy v. gas prices???

Ferrets are Cool

(22,329 posts)
17. You're kidding right? This is 'Merica. Gas prices would win every time.
Mon Sep 18, 2023, 11:11 AM
Sep 2023

American voters are like 19 year old white men....it can't happen to ME. IE, we live in America. We will never lose democracy.

TheRealNorth

(9,629 posts)
24. It just won't be gas prices....
Mon Sep 18, 2023, 11:29 AM
Sep 2023

It will increase transportations costs, affecting everything and driving up prices and inflation.

tritsofme

(19,423 posts)
20. A global recession would cause oil prices to crater. How is that in Saudi Arabia's interest?
Mon Sep 18, 2023, 11:19 AM
Sep 2023

TheRealNorth

(9,629 posts)
22. If they make huge profits from $6 a gallon gas.....
Mon Sep 18, 2023, 11:25 AM
Sep 2023

Theoretically it could offset the loss of volume being sold, at least for a while.

26. Biden would get blamed for it
Mon Sep 18, 2023, 11:36 AM
Sep 2023

They expect a Republican administration would implement policies more favorable to them, so they manipulate the market to give Rs a bump in the next election cycle.

Kid Berwyn

(21,536 posts)
25. Fiends
Mon Sep 18, 2023, 11:34 AM
Sep 2023

What makes them tick? Whatever brings them riches and power.



Go back to when Jimmy Carter was president -- oil prices had finally started to come down when the US allowed the exiled pariah Shah entry for medical treatment and Iran allowed its "students" to take over the US embassy and hold hostage every US citizen they could grab. And, just like that, oil prices shot up.

Same thing for Gulf War I and Gulf War II. The oil in the ground -- "the world's largest petroleum reserves" -- instantly shoot up in value, too. Imagine the joy of the bankers in Switzlerland and the croupiers in Monaco.

TheRealNorth

(9,629 posts)
28. And every price fluctuation is an opportunity for those in the know....
Mon Sep 18, 2023, 12:07 PM
Sep 2023

To make money by short sells and other financial chicanery.

Kid Berwyn

(21,536 posts)
30. "The best way to predict the future is to make it happen." -- US Army saying
Mon Sep 18, 2023, 12:50 PM
Sep 2023

When Carter tried to wean America off fossil fuels, fiends of Big Oil got organized.





How a Deep State Plot Sank Jimmy Carter

PETER DALE SCOTT
WhoWhatWhy.Org, 11/02/14

The Safari Club was an alliance between national intelligence agencies that wished to compensate for the CIA’s retrenchment in the wake of President Carter’s election and Senator Church’s post-Watergate reforms. As former Saudi intelligence chief Prince Turki bin Faisal once told Georgetown University alumni,

In 1976, after the Watergate matters took place here, your intelligence community was literally tied up by Congress. It could not do anything. It could not send spies, it could not write reports, and it could not pay money. In order to compensate for that, a group of countries got together in the hope of fighting Communism and established what was called the Safari Club. The Safari Club included France, Egypt, Saudi Arabia, Morocco, and Iran. (1)


After Carter was elected, the Safari Club allied itself with Richard Helms and Theodore Shackley against the more restrained intelligence policies of Jimmy Carter, according to Joseph Trento. In Trento’s account, the dismissal by William Colby in 1974 of CIA counterintelligence chief James Angleton,

combined with Watergate, is what prompted the Safari Club to start working with [former DCI Richard] Helms [then U.S. Ambassador to Iran] and his most trusted operatives outside of Congressional and even Agency purview. James Angleton said before his death that “Shackley and Helms … began working with outsiders like Adham and Saudi Arabia. The traditional CIA answering to the president was an empty vessel having little more than technical capability.”(2)


Trento adds that “The Safari Club needed a network of banks to finance its intelligence operations. With the official blessing of George Bush as the head of the CIA, Adham transformed . . . the Bank of Credit and Commerce International (BCCI), into a worldwide money-laundering machine.”(3) Trento claims also that the Safari Club then was able to work with some of the controversial CIA operators who had been forced out of the CIA by Turner, and that this was coordinated by Theodore Shackley:

Shackley, who still had ambitions to become DCI, believed that without his many sources and operatives like [Edwin] Wilson, the Safari Club—operating with [former DCI Richard] Helms in charge in Tehran—would be ineffective. . . . Unless Shackley took direct action to complete the privatization of intelligence operations soon, the Safari Club would not have a conduit to [CIA] resources. The solution: create a totally private intelligence network using CIA assets until President Carter could be replaced. (4)


Continues…

https://whowhatwhy.org/politics/government-integrity/the-deep-state-plots-the-1980-defeat-of-jimmy-carter/



Weird how little of this gets mentioned in what the late Sherman Skolnick called the "spy-riddled, oil-soaked monopoly press."

Hugin

(36,707 posts)
31. It could backfire on them...
Mon Sep 18, 2023, 01:02 PM
Sep 2023

In the’70s there was little thought of alternatives and it was widely known that the solution was to open up the spigots again.

Now, not so much, there’s the specter of climate change hanging in the background and other massive changes in the economic landscape that have occurred since.

I have read repeatedly that alternatives totally excluding fossil fuels become economically attractive and feasible at around $4.00/gallon. (in the US) Also, that the big money has already left oil for the most part.

So, the one-note oiligarchs playing from their dusty playbook may finally kill the golden goose. It could produce the opposite of a recession and instead open up a renaissance of alternatives driven by powerhouses that are beyond tired of coddling unreliable sources.

Chakaconcarne

(2,766 posts)
36. Or the US could keep it's own oil within our borders...
Tue Sep 19, 2023, 10:12 AM
Sep 2023

Seems we're pumping quite a bit of it these days.

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