BREAKING: Oil crashes by most since 1991 as Saudi Arabia launches price war

[WinterHold]

What isn't in wikipedia, are the contents of your skull.

lol, is that an implicit threat ?

That's what causes you to think that KSA oil production has backed the dollar in such a way as to destroy it if they stopped producing.

No. America stole the world's gold reserves by this move. It signed the rise of a new age where its currency is always ahead. And it has its Wahhabi proxy to ensure that the dollar is always backed with oil.

The us would like nothing other than that the KSA reduces their production. We'd overtake them earlier than scheduled. Again, what we buy from you is a small portion of what we buy

That's because the larger portion of Saudi oil is handed to America for free.

and we take advantage of you when we do it.

Sure America does; that's the main reason behind the proxy.

lol

[Silver]

As an American (regretfully), I cannot be held responsible for the actions of the greedy capitalists of this horrid country.

[The Grand Nudger]

The contents of your skull are more an explicit threat than implicit... to humanity, if you're asking me.

Gold....gold...? Jesus christ man. Now you're referring to mysterious ghost oil that no one reports. It's just a consequence of history that the persian gulf's value through oil has decreased as other countries, notably big oil consumers like us, ramp up their own production. I get that it's a great story, and that it most definitely does accurately describe the last half of the last century - but we've found a fun new way to fuck over our proxies in the region, is all.

This is an existential dilemma for the countries being exploited as organized. Consider the current predicament. Hoping to stop the bleeding, two petro-states engaged in a price war with the intended aim of bankrupting the producers who had eroded their market share. This has the effect of reducing the value of a cheif export, which does not benefit the citizens of those petro-states in any way unless the scheme goes all the way to the finish line - and since they're petro-states, most likely wouldn't benefit them, if it did. A finish line that seems a little more than improbable given the country involved. We here in the us believe in socialism for corporate people, and rugged individualism for the poor. Meanwhile, the clock is ticking for the citizens of those petro-states. Under the thumb of oppressive regimes at home, losing their perceived clout abroad, watching their resources effectively evaporate, as the consuming world makes a slow but inexorable turn away from oil.

When the price of oil goes negative, what should immediately come to mind isn't "The great satan will fall!" - because it won't. You should wonder what you're going to eat when the oil spigot stops printing money for you - cold hard USD.

Your countries provide us with a cautionary tale about our own petro-state ambitions. Thank you for your service.

[WinterHold]

The contents of your skull are more an explicit threat than implicit... to humanity, if you're asking me.

Gold....gold...?  Jesus christ man.  Now you're referring to mysterious ghost oil that no one reports.  It's just a consequence of history that the persian gulf's value through oil has decreased as other countries, notably big oil consumers like us, ramp up their own production.  I get that it's a great story, and that it most definitely does accurately describe the last half of the last century - but we've found a fun new way to fuck over our proxies in the region, is all.  

Yes; gold. The gold America stole and replaced with toilet paper called the dollar.
The dollar is fake fiat money printed out of thin air. While back in history paper money meant that you can literally go to the bank and get gold for it, America changed the rules in the 50s through the deal of the petrodollar.
America stole the whole world's gold.
It's not a great story. It's a great scam, and some day, maybe today, maybe tomorrow, the American government will pay for it.
And nothing is gonna change that.

This is an existential dilemma for the countries being exploited as organized. Consider the current predicament. Hoping to stop the bleeding, two petro-states engaged in a price war with the intended aim of bankrupting the producers who had eroded their market share. This has the effect of reducing the value of a cheif export, which does not benefit the citizens of those petro-states in any unless the scheme goes all the way to the finish line - and since they're petro-states, most likely wouldn't benefit them, if it did. A finish line that seems a little more than improbable given the country involved. We here in the us believe in socialism for corporate people, and rugged individualism for the poor. Meanwhile, the clock is ticking for the citizens of those petro-states. Under the thumb of oppressive regimes at home, losing their perceived clout abroad, watching their resources effectively evaporate, as the consuming world makes a slow but inexorable turn away from oil.

No. America was ruled for a long time by capitalist vampires, and the last of them is Trump.
The Sauds didn't move by themselves -all they want is the throne-. Trump told them to move, we know that MBS is his personal goat.

When the price of oil goes negative, what should immediately come to mind isn't "The great satan will fall!" - because it won't. You should wonder what you're going to eat when the oil spigot stops printing money for you.

No. Probably the table got flipped upside down on Trump and his proxies. I might suffer, but a new world will emerge without American proxies.

[The Grand Nudger]

-and that's the trouble of allowing your superstitions to make conclusions about reality. We have gold nutters here, too.

You can't see the problem in mere reality when it's slapping you in the face, even as you endlessly screech around it. Not much of a chance to fix something that you won't allow yourself to see.

[WinterHold]

-and that's the trouble of allowing your superstitions to make conclusions about reality.  We have gold nutters here, too.  

You can't see the problem in mere reality when it's slapping you in the face, even as you endlessly screech around it.  Not much of a chance to fix something that you won't allow yourself to see.

The economic system America created is immoral and built with theft. You deal with it; and get down from your high horse. Many Americans got off that high horse and warned the whole world about the curse their governments did; sadly you silence such people through mockery or literal murder.

Get over yourself, and join the ranks of these honest Americans who expose the truth before it's too late.

[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.

[Deesse23]

 Again, what we buy from you is a small portion of what we buy, and we take advantage of you when we do it.  

Yep, but hes gonna stick his fingers in his ears....

[WinterHold]

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. 

The world also knows what clean energy means; and it harnessed the solar energy and similar sources.
Don't say the world; say "America has an oil problem"; because without oil America would fall along with 

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?

Thanks for God for your departure from our region, nobody will miss your governments and masses will liberate their homes from the American-supported dictators. You sadly neglect the size of misery your empire did to us. We don't need your American help asshole; we trusted you once and you enslaved us you assholes.

I'm sure that china would be interested in expanding it's sphere of influence, though. Might wanna pick up some mandarin.

It will be defeated at our gates just like the Mongols were defeated. You just fuck off out of our land and don't come back.

[LastPoet]

Lel, gates....