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UAE to leave OPEC

ft.com

261–270 of 750 posts

Re: UAE to leave OPEC

#261
post #229

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.

You can’t convince (almost all) consumers to spend money on something that they do not want.

You can make them want things. Ad money is what powers some of the most successful companies.

Re: UAE to leave OPEC

#262
post #230

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…

The VW Up electric sold really well but was discontinued.

Re: UAE to leave OPEC

#263
post #195
post #189

Earlier quoted context omitted.

Global pricing affects all fossil fuels and always will. Energy independence will remain a fantasy until we are fully on renewables. Which is entirely within reach and requires fighting zero wars.

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.

China is making great strides in renewables and investing in nuclear (and in electrification of transport). It can be energy independent in not too distant future.

India has geography for solar, and the human/industrial capability for nuclear.

Southern Europe can go solar as well.

Northern Europe has it tougher (except Norway, with its abundant hydro). Nuclear could work. Or long range DC cables from South Europe or North Africa (if ever Europe helps them to put their act together - not easy or fast, but definitely in their best interest).

Re: UAE to leave OPEC

#264
post #229

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.

You can’t convince (almost all) consumers to spend money on something that they do not want.

That's the entire point of the trillion dollar advertising industry

Re: UAE to leave OPEC

#265
post #230

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…

[deleted]

Re: UAE to leave OPEC

#266

This is the US trying to salvage the petrodollar. They want those t-bills and oil priced in dollars to maintain reserve currency status, but the whole world is divesting anyway. UAE is hoping that by leaving OPEC they can continue to do business and get protection from US. But US isn't gonna risk a larger war just to defend UAE, US has plenty of oil to exploit in Venezuela and at home. So UAE is just kinda screwed, a…

The petrodollar and petroeuro is misunderstood. The real point: These oil/gas exporting nations don't have enough investable assets in their own nations. As a result, they need to invest overseas. For a long time, the best places to invest this excess capital in the world were/are North America, Europe, and Northeast Asia (Japan/Korea/Taiwan). If you want to say that petrodollar or petroeuro is doomed, what will replace it?

Re: UAE to leave OPEC

#267
post #180

Earlier quoted context omitted.

Cheap and plentiful fossil fuels. We’re rolling back CAFE standards too.

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?

Re: UAE to leave OPEC

#268
post #225
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?

Self sufficiency generally comes at a cost. The whole promise of globalization is that it makes things cheaper.

Re: UAE to leave OPEC

#269

Earlier quoted context omitted.

They're not buddies per se, but Egypt was the first ME country to normalize relations.

They've also been cooperating on blockading Gaza for a couple of decades. Israel gets most of the attention for that, mostly rightfully so, but people seem to forget that there's a border with Egypt too and that has also had very limited access.

As an Arab friend summed it up, 'All Arab governments like to trumpet the Palestinian cause when it serves them, but none of them are willing to lift a finger to help the Palestinians.'

Re: UAE to leave OPEC

#270

Serious question: what is OPEC’s influence in 2026? Most analyses I’ve read suggest that it’s essentially a defunct organization and has been since the 1980s, due to (1) a lack of geopolitical agreement between members, and (2) a lack of punishment/compensatory mechanisms for when individual members cheat on their commitments.

OPEC member countries control approximately 50% of the world’s crude oil exports. Additionally, OPEC nations hold nearly 80% of the world's proven oil reserves.
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