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

dutch777
(4,659 posts)Talk about when all your choices/options in foreign policy are just all bad...which bad one do we choose?
TheRealNorth
(9,629 posts)Walleye
(41,556 posts)Ferrets are Cool
(22,329 posts)
MichMan
(15,538 posts)Use the money for renewable energy projects
Ferrets are Cool
(22,329 posts)
Response to Walleye (Reply #2)
elocs This message was self-deleted by its author.
Walleye
(41,556 posts)One of my moms favorites
Response to Walleye (Reply #18)
elocs This message was self-deleted by its author.
Walleye
(41,556 posts)orthoclad
(4,728 posts)Doesn't that count for something?
Mister Ed
(6,651 posts)GreenWave
(11,110 posts)+1
gab13by13
(29,067 posts)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)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.
Ferrets are Cool
(22,329 posts)They are truly that gullible.
Walleye
(41,556 posts)The MAGATs will say, why dont we just drill our own oil. As if we own the oil. As if the oil belongs to the people
tritsofme
(19,423 posts)Global oil markets dont turn on conspiracy theories.
Walleye
(41,556 posts)bluestarone
(20,005 posts)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)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.
TheRealNorth
(9,629 posts)'Cause they don't pay gas taxes.
Beachnutt
(8,829 posts)than a gas vehicle.
Crooked bastard abbott.
Captain Zero
(8,180 posts)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)But Republicans could use it as an excuse to "punish" those who buy EV's.
multigraincracker
(36,042 posts)of arms with them. Be a good start.
Roc2020
(1,721 posts)I hear that every election gas prices. Stakes are way too high, Democracy v. gas prices???
Ferrets are Cool
(22,329 posts)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)It will increase transportations costs, affecting everything and driving up prices and inflation.
tritsofme
(19,423 posts)TheRealNorth
(9,629 posts)Theoretically it could offset the loss of volume being sold, at least for a while.
InstantGratification
(350 posts)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)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)To make money by short sells and other financial chicanery.
Kid Berwyn
(21,536 posts)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 CIAs retrenchment in the wake of President Carters election and Senator Churchs 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 Trentos 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 Cluboperating with [former DCI Richard] Helms in charge in Tehranwould 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)In the70s 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, theres 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)Seems we're pumping quite a bit of it these days.