EPTAnd don't forget this is a much bigger punch tword iran then either russia or the us for oil. US oil companies can buddy up to banks to mortgage their balls off knowing the profits that were there in the past and will be there in the future. For russia and iran its a matter of national stability that oil prices be high.
US Politics Mega-thread - Page 1528
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Read the rules in the OP before posting, please. In order to ensure that this thread continues to meet TL standards and follows the proper guidelines, we will be enforcing the rules in the OP more strictly. Be sure to give them a re-read to refresh your memory! The vast majority of you are contributing in a healthy way, keep it up! NOTE: When providing a source, explain why you feel it is relevant and what purpose it adds to the discussion if it's not obvious. Also take note that unsubstantiated tweets/posts meant only to rekindle old arguments can result in a mod action. | ||
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Sermokala
United States14104 Posts
And don't forget this is a much bigger punch tword iran then either russia or the us for oil. US oil companies can buddy up to banks to mortgage their balls off knowing the profits that were there in the past and will be there in the future. For russia and iran its a matter of national stability that oil prices be high. | ||
Falling
Canada11430 Posts
On December 18 2014 03:25 Chewbacca. wrote: I suppose it would be good if we can bring them under our influence, but I have a hard time picturing Cuba bending to our wishes. Well, no. Not after shunning them after so many years, I can't imagine Cuba would care to 'bend' to America's wishes. But America could try a less coehersive approach. Gradual cooperation would have the same effect. But regardless of whether Cuba falls under America's influence or not, I hardly see that as reason to continue Cuban sanctions if the reason for the sanctions has evaporated. It strikes more of tradition for the sake of tradition then any sensible policy (shunning in perpetuity because our fathers, grandfathers, then great-grandfathers shunned them.) | ||
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oneofthem
Cayman Islands24199 Posts
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Doublemint
Austria8708 Posts
On December 18 2014 03:46 oneofthem wrote: lol rubio blasting the pope is hilarious. is he a democrat implant or a catholic... lol. | ||
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oneofthem
Cayman Islands24199 Posts
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ticklishmusic
United States15977 Posts
On December 17 2014 14:40 xDaunt wrote: It's more likely to be a bad year for democrats than for republicans. The current economic cycle is likely to end soon. Things may be good now, but 2 years from now? Highly dubious proposition. More to the point, I doubt anyone is going to still like Obama by the time that his term is up. He's going to be pretty damned toxic for democrats once again. Also, foreign policy considerations are going to be paramount once more in this upcoming election. That has always been an area of weakness for democrats, and they are going to have a very hard time explaining away years of Obama's clueless foreign policy. This is a particularly tender point for Hillary. How many dump trucks full of shit do you think that she's going to eat for just the "reset button" alone? Obama" "Hey Hillary so I know you got a lot of shit over foreign policy, so I'm just gonna normalize relations with Cuba. Oh and meanwhile I'm gonna kick Russia in the nuts. Merry Christmas!" | ||
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Wolfstan
Canada605 Posts
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JonnyBNoHo
United States6277 Posts
On December 18 2014 02:59 Sub40APM wrote: The reality that Russian businesses had to payoff 70 billion in hard currency in the next few months and another 600 billion in the next 3 years without access to the capital markets. The pressure on Saudi to open the oil flood gates. Where do you think that came from? Obama. You are just salty he had the balls to do both while Bush just lectured like a weak kneed liberal. Russians pissed away a fourth of their reserves and this morning pissed away another unknown number just to try to beat the exchange down to 60. Saudi Arabia didn't open the oil flood gates, they opposed production cuts. The increase in supply came mainly from the US, which Obama hasn't been a big supporter of. Globally demand has been flagging a bit. Lots of developing countries subsidize fuel prices and those subsides have come under pressure, due to the large burden they place on government budgets. As those subsides are removed, demand falls. Same goes with fuel efficiency in the developed world. Also, China and Germany have been experiencing slower growth, which has put a damper on demand as well. | ||
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aksfjh
United States4853 Posts
Meanwhile, the cause for the drop in oil prices is primarily due to the poor shape of Europe and China right now. Global production has climbed slightly, while US production has climbed more that 60% since 2011. US production seems to primarily offset the decline in production in other areas. | ||
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{CC}StealthBlue
United States41117 Posts
Former executives of a chemical company responsible for a January spill that triggered a ban on drinking water for 300,000 West Virginia residents have been indicted on pollution charges. The indictment unsealed Wednesday charged ex-Freedom Industries presidents Gary Southern and Dennis P. Farrell and two others with failing to ensure that the company operated the steel storage tank that leaked the coal-cleaning chemical in a reasonable and environmentally sound manner. Southern also faces federal fraud charges related to the company's bankruptcy case. Freedom filed for bankruptcy eight days after the Jan. 9 spill of the chemicals into the Elk River in Charleston. West Virginia American Water uses the river for its water supply a mile and a half downstream. U.S. Attorney General Eric Holder said in a statement that the tank conditions at Freedom Industries "were not only grievously unacceptable, but unlawful. They put an entire population needlessly at risk. As these actions make clear, such conduct cannot, and will not, be tolerated." The others charged are William E. Tis and Charles E. Herzing, who along with Farrell owned Freedom until December 2013. They sold it to Pennsylvania-based Chemstream Holdings for $20 million, after which Southern became president. Farrell, 58, served as Freedom's president from October 2001 until the sale, after which he continued to work at the terminal in a management role. Herzing, 63, also was Freedom's vice president and Tis, 60, served as secretary. All four, along with Freedom Industries, were indicted for alleged violations of the federal Clean Water Act. Source | ||
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Aveng3r
United States2411 Posts
Have to imagine this wont have a huge impact on the US, but man do I wanna try one of Cuba's cigars. | ||
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ZasZ.
United States2911 Posts
On December 18 2014 05:14 Aveng3r wrote: So the policy change is a total lift of the trade embargo (was there a trade embargo?) If im understanding this correctly? Have to imagine this wont have a huge impact on the US, but man do I wanna try one of Cuba's cigars. He can't lift the trade embargo by himself, he needs Congress to do that. But he can loosen some of the sanctions. Bottom line though: I think you can still try some cigars. | ||
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Aveng3r
United States2411 Posts
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Sub40APM
6336 Posts
On December 18 2014 04:42 JonnyBNoHo wrote: Saudi Arabia didn't open the oil flood gates, they opposed production cuts. The increase in supply came mainly from the US, which Obama hasn't been a big supporter of. Opposing production cuts is the equivalent of signaling to the market that they are going to step in. The big collapse in confident in the ruble began after the OPEC meeting where Saudis signaled for tolerance of 40 bucks a barrel. Everything else: slowdown in growth, efficiency, etc has been happening in the background but the huge oil moves began only after Obama forced Saudi to kill Russia and subdue Qatar. | ||
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Sub40APM
6336 Posts
On December 18 2014 03:17 xDaunt wrote: There's no evidence that Obama had anything to do with Saudi Arabia deciding collapse oil prices. The Saudis have all the reason in the world to collapse oil prices for an extended period of time so as to crush their economic and political competition, which includes Russia. And not once has Obama expressed a desire to lower energy prices for any reason -- much less for the specific purpose of kicking Russia in the balls. What domestic policy has he enacted to facilitate and aid domestic energy development? Yeah.... And let's not forget the general straining of relations between the US and traditional Mid East allies under Obama. Crediting Obama for Saudi oil policy, given the above, amounts to nothing more than conspiracy theory. You want him to announce his brilliant moves on television like that hack Reagan did because you cant bother to digest the tea leaves? Ya, sorry Obama is a 21st century president, not a 1940s movie star drooling out his moves 20 steps while laundering drug money for terrorists. Why would he enact any domestic policy that would chiefly aid his political enemies in the redneck states? By twisting Saudi Arabians hands he breaks Russia and Republicans. | ||
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xDaunt
United States17988 Posts
On December 18 2014 03:29 farvacola wrote: OPEC is clearly looking to deleverage the US's shale oil production; that Russia gets a kick in the teeth along the way is a nice bonus. The error here is in failing to differentiate between Saudi Arabia and OPEC. You think Venezuela is on board with what the Saudis are doing? There are plenty of OPEC countries that are angry that production levels were not cut. Saudi interests differ greatly from those of other OPEC nations. From the Saudi perspective, collapsing oil prices is a way for them to seriously harm numerous strategic enemies all at once. Russia and Iran are Saudi enemies for supporting Assad. Let's also not forget that the Saudis are not fans of Iran's nuclear program. And yes, lower priced oil will also put a clamp on the US shale industry, which is a major, rising economic competitor. | ||
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RCMDVA
United States708 Posts
Southstream (russian) vs. Qatar-Turkey (saudi) pipelines. Assad would block the Saudi one on behalf of Russia. | ||
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RvB
Netherlands6266 Posts
On December 18 2014 05:47 xDaunt wrote: The error here is in failing to differentiate between Saudi Arabia and OPEC. You think Venezuela is on board with what the Saudis are doing? There are plenty of OPEC countries that are angry that production levels were not cut. Saudi interests differ greatly from those of other OPEC nations. From the Saudi perspective, collapsing oil prices is a way for them to seriously harm numerous strategic enemies all at once. Russia and Iran are Saudi enemies for supporting Assad. Let's also not forget that the Saudis are not fans of Iran's nuclear program. And yes, lower priced oil will also put a clamp on the US shale industry, which is a major, rising economic competitor. Saudi arabia is the only country in Opec that matterd anyway since theyre the only producer big enough tot influence oil prices. The whole Opec is a joke. | ||
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hypercube
Hungary2735 Posts
Former executives of a chemical company responsible for a January spill that triggered a ban on drinking water for 300,000 West Virginia residents have been indicted on pollution charges. The indictment unsealed Wednesday charged ex-Freedom Industries presidents Gary Southern and Dennis P. Farrell and two others with failing to ensure that the company operated the steel storage tank that leaked the coal-cleaning chemical in a reasonable and environmentally sound manner.[...] It's official: the government hates Freedom. | ||
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JonnyBNoHo
United States6277 Posts
On December 18 2014 05:23 Sub40APM wrote: Opposing production cuts is the equivalent of signaling to the market that they are going to step in. The big collapse in confident in the ruble began after the OPEC meeting where Saudis signaled for tolerance of 40 bucks a barrel. Everything else: slowdown in growth, efficiency, etc has been happening in the background but the huge oil moves began only after Obama forced Saudi to kill Russia and subdue Qatar. They're explicitly not stepping in. They're maintaining the status quo which would mean that Obama has convinced them to do nothing, to stay put. There are many reasons for why the oil price has been falling... but you want to pick imaginary politics as the main reason? Edit: Another thought - Obama does have the power to lower oil prices and help a US recovery along, but he waited all these years just for the perfect drama moment to spite Russia. If so, how the hell would that be politically popular? Edit 2: Iron ore prices fell by about half this year, is that b/c of Obama too? | ||
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