Oil nears $110 a barrel after gas field strike
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Re: Oil nears $110 a barrel after gas field strike
#2The natural gas field strike very conveniently increases the EU dependencies on US LNG. The diversification via Qatar had already been shut down, now Israel drives the Iranian gas buyers to compete on the world market.
It is a great plan. The Gulf Monarchies are weakened (that is what you get for your Trump bribes ...), the EU is weakened, and the US controls all energy flows.
China can use the land route to Russia. The EU is going to commit economic suicide instead.
Re: Oil nears $110 a barrel after gas field strike
#3The natural gas field strike very conveniently increases the EU dependencies on US LNG. The diversification via Qatar had already been shut down, now Israel drives the Iranian gas buyers to compete on the world market. It is a great plan. The Gulf Monarchies are weakened (that is what you get for your Trump bribes ...), the EU is weakened, and the US controls all energy flows. China can use the land route to Russia.…
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Re: Oil nears $110 a barrel after gas field strike
#4It's important to clarify that these are the trading prices at the main oil futures exchange in London. The spot prices in the landing hubs like Gujarat, Odisha and Singapore are significantly higher.
If you or your firm handles trucking or mining or tractors or something like buses, stock up on additives where the vast majority of production (like brake fluid, AdBlue (DEF) and gear oil) is Asian now before they get even more expensive. To give a sense of perspective, I've seen prices for transmission fluid and antifreeze almost double month-on-month in England where I am.
Re: Oil nears $110 a barrel after gas field strike
#5The natural gas field strike very conveniently increases the EU dependencies on US LNG. The diversification via Qatar had already been shut down, now Israel drives the Iranian gas buyers to compete on the world market. It is a great plan. The Gulf Monarchies are weakened (that is what you get for your Trump bribes ...), the EU is weakened, and the US controls all energy flows. China can use the land route to Russia.…
EU has had a lot of time to recognize the situation they have been in regarding energy.
Sorry, but this will never not be not amusing. Where Trump being a stopped clock warns the UN about relying on foreign energy and the German delegation laughs as they were shutting down their nuclear and increasing reliance on Russia for energy.
Re: Oil nears $110 a barrel after gas field strike
#6The natural gas field strike very conveniently increases the EU dependencies on US LNG. The diversification via Qatar had already been shut down, now Israel drives the Iranian gas buyers to compete on the world market. It is a great plan. The Gulf Monarchies are weakened (that is what you get for your Trump bribes ...), the EU is weakened, and the US controls all energy flows. China can use the land route to Russia.…
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That could work really well, or it could fail in a humiliating public way and totally confirm+legitimize that regime's paranoia. Huge downsides.
Re: Oil nears $110 a barrel after gas field strike
#7The natural gas field strike very conveniently increases the EU dependencies on US LNG. The diversification via Qatar had already been shut down, now Israel drives the Iranian gas buyers to compete on the world market. It is a great plan. The Gulf Monarchies are weakened (that is what you get for your Trump bribes ...), the EU is weakened, and the US controls all energy flows. China can use the land route to Russia.…
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Wouldn't they reciprocate the tactic instead?
Re: Oil nears $110 a barrel after gas field strike
#8The natural gas field strike very conveniently increases the EU dependencies on US LNG. The diversification via Qatar had already been shut down, now Israel drives the Iranian gas buyers to compete on the world market. It is a great plan. The Gulf Monarchies are weakened (that is what you get for your Trump bribes ...), the EU is weakened, and the US controls all energy flows. China can use the land route to Russia.…
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Real life isn't a James Bond movie. The next guy in line is more belligerent than Putin
Re: Oil nears $110 a barrel after gas field strike
#9Again the US admin proves how dumb they are, even Pres. Bush II knew it would be real stupid to attack Iran.
But one thing, higher oil prices may get the US to really get working to avoid Climate Change. Yes, some progress has been made, but real CO2 emissions is increasing. The only time it decreased a bit was during the Covid Shutdown.
But one plus may occur, higher price of oil.
Yes, higher prices will cause suffering with the poor and middle classes, but that suffering pales in comparison to what +1.5C will cause. We are already on track for more then 2C. Suffering from that will be far worse than $150 USD price per barrel. Better to take a small hit now and hope it can keep us below 1.5C then trying to live with 2C.
Yes, I posted this knowing it will be down-voted, but cheap oil only makes +3C guaranteed to happen. Who cares about the young anyway /s
Re: Oil nears $110 a barrel after gas field strike
#10The natural gas field strike very conveniently increases the EU dependencies on US LNG. The diversification via Qatar had already been shut down, now Israel drives the Iranian gas buyers to compete on the world market. It is a great plan. The Gulf Monarchies are weakened (that is what you get for your Trump bribes ...), the EU is weakened, and the US controls all energy flows. China can use the land route to Russia.…
Great plan for whom? Trump is headed towards Nixon levels of popularity and Nixon methods of ejection with this sort of stuff. The war is hugely unpopular, Trump is less popular, and if gasoline prices stay high and we get involved in a ground war there may be a popular revolution even before Democrats get elected and are able to impeach.
Deals done in Yuan will still get through Hormuz. EU could switch currencies for fossil fuels, get their energy, and further lessen their dependence on a US that expresses nothing but hate and disgust for the EU.