In Rebuke to West, OPEC and Russia Aim to Raise Oil Prices With Big Supply Cut

[Landon Caeli]

I'll take that over gas shortages born of half baked ideas.

Another negative.

Just another thing we'll have to make sure never happens.

 

[Desk trauma]

Another negative.

Just another thing we'll have to make sure never happens.

By closing ourselves off from other sources of oil, or is that when the Central American unsullied come into play to get us some cheap?

 

[Landon Caeli]

By closing ourselves off from other sources of oil, or is that when the Central American unsullied come into play to get us some cheap?

It might be a good idea to know exactly how much oil exists in North America. From Alaska all the way down through Canada and the US.

I would assume that we have close to the same Amount as Russia, being we're about the same size with Canada, and from the same Hemisphere. So there's a lot.

Actually, the land mass of North America is larger than Russia by 3 million Square miles. So we probably have more crude than Russia.

 

[Landon Caeli]

Here, add Canada and the United States:

U.S. has more untapped oil than Saudi Arabia or Russia

 

[Landon Caeli]

And you know who suffers the most from OPEC'S intentional supply cuts? The poor and the minorities, because the poor and the minorities often tend to live within the inner cities, where gas prices are the highest of all.

By the traditional standards of the left, we should be for lessening the burdens upon the poor and minorities.

By using politics, we can change course, and create wealth in the US and Canada at the same time as we relieve the stress on lower and middle class Americans. All we have to do is protest the prices of gas, and call for a North American Oil Alliance, and independence from OPEC.

 

[Landon Caeli]

Fun fact:

 

[durangodawood]

....But there's no reason why our billions of American dollars should be funneled out of this country, so that terrorists and dictators can live in splendor, while so many here live in squalor.

Did you know USA is a net petroleum exporter?

And did you know that our main source of imports - by far - are those terrorists and dictators in Canada?

 

[FireDragon76]

And you know who suffers the most from OPEC'S intentional supply cuts? The poor and the minorities, because the poor and the minorities often tend to live within the inner cities, where gas prices are the highest of all.

The "poor and minorities" in inner cities don't generally own as many cars. The poor are hurt more due to rising transportation costs for food.

All we have to do is protest the prices of gas, and call for a North American Oil Alliance.

It's possible that Biden will move to normalize relations with Venezuela and lift sanctions, in order to counterbalance the tightening of OPEC.

 

[public hermit]

It might be a good idea to know exactly how much oil exists in North America. From Alaska all the way down through Canada and the US.

I would assume that we have close to the same Amount as Russia, being we're about the same size with Canada, and from the same Hemisphere. So there's a lot.

Actually, the land mass of North America is larger than Russia by 3 million Square miles. So we probably have more crude than Russia.

View attachment 321687 View attachment 321688

Why are you simply assuming Canada's resources are a given for US policy? You know radicals in Canada are actually conservatives, right?

 

[Nithavela]

It's too time consuming and impractical. I'd never get anything done if I was dependent on a train or bus schedule.

...That would be a last resort method of transportation for me. Maybe when I retire, or for weekend train rides just for fun, when I have a lot of extra time.

Last time I took a train to San Juan Capistrano, I waited 45 minutes for the last train, only to realize that I was looking at the "weekend schedule" and the last train had already come and gone. I ended up taking an Uber home. In the end, we wasted almost 2 hours waiting, and our legs were sore from walking, and I had chafing on my inner thigh.

I can assure you that this isn't by law of nature. You can have public transportation that is efficient and brings lots of people to work.

 

[Landon Caeli]

Why are you simply assuming Canada's resources are a given for US policy? You know radicals in Canada are actually conservatives, right?

Because with the Keystone Pipeline, Canada has already proven that it is ready and willing to do this.

But more importantly, we do need politicians who are willing to break ties with the OPEC cartel to negotiate an alliance together. This is the most important factor - that the US and Canadian leadership get together on the same page with oil independence from evil OPEC.

...I don't understand the relevance of the radicals part.

 

[Landon Caeli]

The "poor and minorities" in inner cities don't generally own as many cars. The poor are hurt more due to rising transportation costs for food.



It's possible that Biden will move to normalize relations with Venezuela and lift sanctions, in order to counterbalance the tightening of OPEC.

I don't believe that's possible. Venezuela, while one of the Founding countries of OPEC, is still a minority player within the larger OPEC cartel, and can't just start producing oil against the wishes of the majority leadership.

...If the leaders want reduced output, that's what they'll get.

In the meantime, we should be protesting for total independence from the nasty cartel that OPEC is.

 

[Landon Caeli]

I can assure you that this isn't by law of nature. You can have public transportation that is efficient and brings lots of people to work.

Even in suburbia though? That's where most people live, so they would have to walk to the bus stop, and then take a bus to the train station, and then take the train downtown, if that's where they work. Some may even have to take a second bus from the train station to near their work location, and then walk the rest of the way. It seems hard.

With a car, you can wake up hours later, with plenty of time to shower and then stop for Starbucks on your way to work and still be early.

 

[KCfromNC]

Here, add Canada and the United States:

View attachment 321689

U.S. has more untapped oil than Saudi Arabia or Russia

So the plan is to cut ourselves off from more than half the world's oil reserves and somehow magically hope that makes prices go down? I think there might be a few steps missing in this idea.

 

[Landon Caeli]

So the plan is to cut ourselves off from more than half the world's oil reserves and somehow magically hope that makes prices go down? I think there might be a few steps missing in this idea.

We might be assuming that this hasn't already been done because it would not be profitable to do so... I doubt that's actually the case.

I think the reason this hasn't been done is because there hasn't been the *need* since pricing and output levels have been fair in the past. Well... They're not anymore... And since Putin wants to interrupt the natural flow of supply and demand, because of his personal war in Ukraine, Opec has lost credibility, and can no longer be considered a free-market.

OPEC is proving itself as unsafe for the future.

 

[Landon Caeli]

The whole reason the Bush's and the other Republicans liked the Saudi's to begin with, was because they upheld the principles of free-market capitalism.

...Without that, they are no longer of any use to us.

 

[KCfromNC]

We might be assuming that this hasn't already been done because it would not be profitable to do so... I doubt that's actually the case.

I think the reason this hasn't been done is because there hasn't been the *need* since pricing and output levels have been fair in the past.

Yeah, and we all know that CEOs of oil companies are known for their fairness instead of, say, their legal requirements to maximize shareholder value by optimizing supply and demand.

 

[Desk trauma]

Because with the Keystone Pipeline, Canada has already proven that it is ready and willing to do this.

The pipeline that was going to take oil to the gulf where it would be loaded onto tankers and sent to overseas refineries shows the Canadians are willing to cut themselves off from all markets but the US?

 

[Landon Caeli]

The pipeline that was going to take oil to the gulf where it would be loaded onto tankers and sent to overseas refineries shows the Canadians are willing to cut themselves off from all markets but the US?

No. But would they sell oil to US refineries directly? If we needed say 10 times the amount they were going to sell?

...That's a lot more money to be made.

 

[Desk trauma]

No. But would they sell oil to US refineries directly?

After they are retooled to refine tar sands oil I’m sure they would, so long as the US was paying at or above world market rate which again gets back to the issue of gas prices not being reduced.