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UAE to leave OPEC

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Re: UAE to leave OPEC

#271

Post by nradov »

Tangurena2 wrote: post #256
nradov wrote: post #230

Earlier quoted context omitted.

Bullshit. There are many competing auto manufacturers. No one is compelled to buy larger, more expensive vehicles. There are smaller, cheap vehicles available to those who want them. If I want a little penalty box like a Hyundai Elantra or Nissan Sentra the local dealers have base models in stock and ready to sell today. Larger vehicles are more comfortable, safe, and practical (for anyone who doesn't need to worry a…

Domestic manufacturers used to build & sell compact pickup trucks. Nowadays, the only pickups on the market are huge fatmobiles. The profit margin in trucks is much higher than the profit margin on passenger cars.

You can buy a Ford Maverick compact pickup truck from your local dealer today.

The profit margins on larger trucks are higher precisely because that's what consumers want. No one is forcing them to buy those vehicles.

Re: UAE to leave OPEC

#272

Post by Ajakks »

parthdesai wrote: post #254
techblueberry wrote: post #182

Earlier quoted context omitted.

> I can't see how it is actually a win for Trump. OPEC has mostly been a big partner with the US. I mean, I don’t even know if I mean this sarcastically anymore, but are we sure that Trump and the US’ interests are aligned? I think something can be a win for Trump and a loss for the USA.

Majority of US voted for Trump. Maybe not aligned with your version of US, but this is what the majority wanted

Nobody wanted a war in Iran, recall how Trump wasnt going to start any new wars? We are in this conflict bc of Zionists - it had nothing to do with US interests at all.

Re: UAE to leave OPEC

#273

Post by dgb23 »

boringg wrote: post #59
pjc50 wrote: post #42

Earlier quoted context omitted.

Someone's going to have to provide me with an explainer of how many different proxy forces are involved in Yemen. I can barely keep up with Lebanon and have forgotten Syria.

Best of luck! These proxy wars have existed since the days of Assyria. 3000 years and running. Kind of depressing thought actually.

I tried to make sense of middle eastern politics once. My conclusion has been „It’s complicated.“

Re: UAE to leave OPEC

#274

Post by nine_k »

tootie wrote: post #225
nine_k wrote: post #195

Earlier quoted context omitted.

The US, or Saudi Arabia, or Venezuela, or Russia could very well be energy independent on fossil fuels alone, even though that won't be wise. Europe, or China, or India could not though.

How? Being a net exporter implies we make more than we use. Great. How do we force companies to not export until domestic demand is met? And how do we ensure that doesn't raise prices more than just running the system as-is?

If foreign supply is cut, we (assuming the US) can still do fine, even though is a sub-optimal way. The US crude is heavy, the Middle Eastern crude is light, so oil processing would need to adapt, the efficiency would go down, and prices would go up. But we'd still be up and running independenty.

If foreign oil supply were cut from China or India, they'd be in a much bigger trouble.

Re: UAE to leave OPEC

#275

Post by linkregister »

nradov wrote: post #230
post-it wrote: post #212

Earlier quoted context omitted.

This is, respectfully, corporate propaganda. Consumers buy the vehicles that are available and advertised. It's in the best interest of manufacturers to convince/compel consumers to buy larger, more expensive vehicles with higher margins, and that's exactly what they're doing.

Bullshit. There are many competing auto manufacturers. No one is compelled to buy larger, more expensive vehicles. There are smaller, cheap vehicles available to those who want them. If I want a little penalty box like a Hyundai Elantra or Nissan Sentra the local dealers have base models in stock and ready to sell today. Larger vehicles are more comfortable, safe, and practical (for anyone who doesn't need to worry a…

Pedestrian deaths, including children, have risen in lockstep with light truck adoption in the United States, while they have fallen in countries without this phenomenon.

Re: UAE to leave OPEC

#276

Post by [deleted] »

bee_rider wrote: post #267
nradov wrote: post #180

Earlier quoted context omitted.

CAFE standards were always a stupid idea. If we want to reduce fuel usage then increase the tax on fuel instead of punishing manufacturers for selling vehicles that consumers want to buy.

What if consumers want to buy Chinese electric cars? Are we going to remove that bit of protectionism?

[deleted]

Re: UAE to leave OPEC

#277

Post by Tangurena2 »

ch4s3 wrote: post #151
cmiles8 wrote: post #132

The US has long sought to erode OPEC’s ability to dictate global oil prices. The US has made massive progress in being broadly energy independent to isolate it from challenges elsewhere. The US has been a net energy exporter since 2019. Global oil pricing was always an annoying thorn in that strategy. This is an initial but big crack in shaking up global oil markets in a way that meaningfully shifts global power dyna…

I think the initial crack was ousting Maduro in Venezuela. Since OPEC exempts Venezuela from production caps, it gives the US government a lever on non US production.

Venezuela produces heavy "sour" crude (this means high in sulfur). Many of the US refineries capable of handling sour crude have closed, partly because the sulfur content makes the refineries stink (and emit lots of pollution) and partly because they need more expensive piping to handle the corrosive materials (not just the crude, but HF acid that's used in the refining process).

The last refinery to be built in the US opened in the 1970s. Since then, refineries have closed. None of the owners of refineries will sell them because of SuperFund legislation. It is the same reason that when a gas station is sold, the fuel tanks are dug up and replaced. This way, there's no way to claim that the previous owner left hazardous material to be cleaned up. SuperFund laws say that every previous owner is liable for the cost of cleanup. It doesn't matter how long ago the property was sold.

Re: UAE to leave OPEC

#278

Post by stickfigure »

post-it wrote: post #212
nradov wrote: post #180

Earlier quoted context omitted.

CAFE standards were always a stupid idea. If we want to reduce fuel usage then increase the tax on fuel instead of punishing manufacturers for selling vehicles that consumers want to buy.

This is, respectfully, corporate propaganda. Consumers buy the vehicles that are available and advertised. It's in the best interest of manufacturers to convince/compel consumers to buy larger, more expensive vehicles with higher margins, and that's exactly what they're doing.

If gasoline is more expensive, customers will demand more efficient vehicles.

We aren't mindless zombies buying whatever we see on TV. I'm old enough to remember when Japanese small cars practically took over the market in the 70s and 80s due to gas price shocks. It can happen again.

Re: UAE to leave OPEC

#280

Post by Tangurena2 »

parthdesai wrote: post #254
techblueberry wrote: post #182

Earlier quoted context omitted.

> I can't see how it is actually a win for Trump. OPEC has mostly been a big partner with the US. I mean, I don’t even know if I mean this sarcastically anymore, but are we sure that Trump and the US’ interests are aligned? I think something can be a win for Trump and a loss for the USA.

Majority of US voted for Trump. Maybe not aligned with your version of US, but this is what the majority wanted

Only about 1/3 of registered voters actually voted for him. About 1/3 of registered voters sat that election out.
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