RE: BREAKING: Oil crashes by most since 1991 as Saudi Arabia launches price war
April 22, 2020 at 11:16 am
(This post was last modified: April 22, 2020 at 11:27 am by The Grand Nudger.)
Yep, that's me. Known corporatist shill and free market booster.
The world has an oil problem. It's going to kill us. Not all of us. Petro-states have an even bigger problem - damned if they do, and damned if we don't.
I think that oil should be nationalized, and not "nationalized" in the sense that a worthless prince is the defacto owner, but actual nationalization. If you don't adequately utilize that resource for development now, the hope of development or even subsistence in a post oil (or even inconvenienced oil) future is going to be beyond your vastly reduced abilities. Big daddy usa isn't going to prop up your dictators at that point (who will flee with all of their pilfered wealth to western countries), aside from other motivations...but we also aren't going to lift a finger when the next dictator sweeps across your newly impoverished region. Keep that in mind when you find yourself being pushed off a rooftop, eh?
I'm sure that china would be interested in expanding it's sphere of influence, though. Might wanna pick up some mandarin.
The world has an oil problem. It's going to kill us. Not all of us. Petro-states have an even bigger problem - damned if they do, and damned if we don't.
I think that oil should be nationalized, and not "nationalized" in the sense that a worthless prince is the defacto owner, but actual nationalization. If you don't adequately utilize that resource for development now, the hope of development or even subsistence in a post oil (or even inconvenienced oil) future is going to be beyond your vastly reduced abilities. Big daddy usa isn't going to prop up your dictators at that point (who will flee with all of their pilfered wealth to western countries), aside from other motivations...but we also aren't going to lift a finger when the next dictator sweeps across your newly impoverished region. Keep that in mind when you find yourself being pushed off a rooftop, eh?
I'm sure that china would be interested in expanding it's sphere of influence, though. Might wanna pick up some mandarin.
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