UAE to leave OPEC • Hacker News Board

Re: UAE to leave OPEC

#391

Post by cma » Tue, Apr 28, 2026, 8:43 PM UTC

dlubarov wrote: post #334

cma wrote: post #304

Earlier quoted context omitted.

If they join a religion that isn't on the state approved list, they can't get married there and hard or extra expensive to get buried. There are some limits on religious freedom.

They can just get married abroad. There are even online ceremonies now. A decent number of Israeli Jews have to do that as well, since Israel recognizes Jewish marriages only under orthodox rabbis. Some Israeli Jews are not even considered Jews under strict orthodox rules.

> They can just get married abroad.

They don't have to if they are one of the approved religions. That's a restriction on religious freedom.

> since Israel recognizes Jewish marriages only under orthodox rabbis

I don't get how is this evidence of religious freedom.

Re: UAE to leave OPEC

#392

Post by Koffiepoeder » Tue, Apr 28, 2026, 8:46 PM UTC

cman1444 wrote: post #381

don_esteban wrote: post #249

Earlier quoted context omitted.

Not only is the renewable energy cheaper, it also raises energy independence, which turns out to be quite relevant in today's world. Furthermore, it also reduces the drain on the (often very fragile, for thirld world countries) foreign reserves, especially relevant when the oil prices fluctuate wildly. If your solar panels are old and you don't have money to replace them, you get slightly less electricity. If you are…

This is exactly why I don't think it's a huge risk to be reliant on China for solar panels. If relations between your country and China go bad, it can't be that much of an emergency when they stop exporting them to you. All the panels you already bought still work! Unless there is some hidden cybersecurity risk of them shutting off panels remotely?

I would be more concerned for remotely triggered inverter spikes tbh. These could sabotage the whole grid if I'm not mistaken.

Re: UAE to leave OPEC

#393

Post by deepsun » Tue, Apr 28, 2026, 8:50 PM UTC

8note wrote: post #319

deepsun wrote: post #288

Earlier quoted context omitted.

No, why? Israel would celebrate. But NONE of the Arab countries want to help Gaza people really.

if egypt opened the border, it would mean weapons and bombs flowing from egypt into gaza. thats not something israel would be excited about

I mean "open the border" to allow Gazans to leave to Egypt. But Egypt (and none other Arab countries) are accepting refugees from Gaza.

Re: UAE to leave OPEC

#394

Post by ifwinterco » Tue, Apr 28, 2026, 8:52 PM UTC

tcp_handshaker wrote: post #125

JumpCrisscross wrote: post #20

Context: (1) “The United Arab Emirates,” today “made a shock request of [Pakistan] — repay $3.5bn immediately” [1]. (2) Saudi-Emirati relations were at an all-time low before the Iran War [2]. (Saudi Arabia just bailed Pakistan out of its Emirati loan. Saudi Arabia and Pakistan agreed a mutual-defence treaty last year [3].) Put together, we’re seeing an Emirati-Israeli axis emerging to balance Saudi hegemony in the G…

You are missing this interesting, and confidential until now, deployment of Israeli forces in UAE: "Israel sent "Iron Dome" system and troops to UAE" - https://www.axios.com/2026/04/26/israel-iron-dome-uae Also...their central bank governor quietly asked the US Treasury for a dollar swap line...Combined with the Pakistan $3.5B recall and OPEC exit, that is three coordinated moves of a cashflow stressed country...and…

I think it's not so much that they don't have liquid assets they can sell.

The issue is those liquid assets are US Treasuries and US public market equities (mag7 etc.).

They don't really want to sell them, and they also know that the US really doesn't want them to sell them - the last thing Trump wants heading into the midterms is an S&P500 bear market and 10y treasuries heading back to 5+%.

So they ask for a swap line and they're negotiating from a position of strength, the US doesn't have much of a choice but to give them as much as they need and damn the consequences

Re: UAE to leave OPEC

#395

Post by watwut » Tue, Apr 28, 2026, 8:52 PM UTC

ApolloFortyNine wrote: post #342

watwut wrote: post #234

Earlier quoted context omitted.

> Iran "closes the Straight", well the US can't do anything. Well, Iran closed the Straight and the world is facing biggest oil crises since 90ties. US was in fact incapable to prevent it. Even if the Straight opened today, harm already happened and will continue to happen for months. And I dont think it will open today. The war did not had to start at all and is causing considerable harm already. Iran feeling pain d…

>Well, Iran closed the Straight and the world is facing biggest oil crises since 90ties. US was in fact incapable to prevent it. Even if the Straight opened today, harm already happened and will continue to happen for months. And I dont think it will open today. Adjusted for inflation the price of oil isn't even the highest it's been this decade, let alone historically. The price tripled from 2003-2008 as well. >The…

> Adjusted for inflation the price of oil isn't even the highest it's been this decade, let alone historically.

I dont think UAE cares about American oil prices that much. Nor does Europe nor does Asia. That just meand America is less motivated to solve clusterfuck it created.

And yes, it is huge issue already. With flies cancelled for summer, with strategic reserves already being used, with homeschool and home office in some countries, shorted workweek in others, factories producing less.

> We probably won't know for twenty years if that's true or not.

We do know that. There was no urgent reason to start badly prepared war. And no involved country is peaceful.

> The country also sits on a wealth of natural resources but was solely researching nuclear power for peaceful purposes.

It was entirely legal for them, because literally USA teared down agreement to do the opposite.

And what everybody knows now is that the only way to be safe from aggression is to have nuclear.

Re: UAE to leave OPEC

#396

Post by bluGill » Tue, Apr 28, 2026, 8:57 PM UTC

nine_k wrote: post #220

bluGill wrote: post #185

Earlier quoted context omitted.

Money retrained means nothing when cheap oil is gone. Cars are only a thing because we have volumes and energy for large supply chains and scale. A rich person can afford a model-T level car, but large parts of what makes a luxury car are things that they won't be able to get at any price without modern industry that is built on distributed wealth for many people. All the electronics - needs industry. Precision manuf…

Petromonarchies invest a lot into alternative asset classes: semiconductor industry, logistics and shipping, power electric machines, biomedical development, etc. Renewables are in the list, too.

Most of those are things that depend on cheap energy [mostly oil] today. Only renewables do not, and it is questionable if we will transition fast enough to not collapse society for lack of energy (though this is looking good)

Re: UAE to leave OPEC

#397

Post by forinti » Tue, Apr 28, 2026, 8:58 PM UTC

gnfargbl wrote: post #183

iLemming wrote: post #138

"My grandfather rode a camel, my father rode a camel, I drive a Mercedes, my son drives a Land Rover, and my grandson is going to ride a camel". Sheikh Rashid bin Saeed Al Maktoum, the former Emir of Dubai.

Where is the Land Rover supposed to sit on this scale? There are current Land Rovers with market positioning suggesting they're "better" than Mercedes, and there are historic Land Rovers which were arguably not much better than camels.

I've heard mechanics can send their kids to college servicing Land Rovers.

Re: UAE to leave OPEC

#398

Post by watwut » Tue, Apr 28, 2026, 9:00 PM UTC

ericmay wrote: post #248

watwut wrote: post #234

Earlier quoted context omitted.

> Iran "closes the Straight", well the US can't do anything. Well, Iran closed the Straight and the world is facing biggest oil crises since 90ties. US was in fact incapable to prevent it. Even if the Straight opened today, harm already happened and will continue to happen for months. And I dont think it will open today. The war did not had to start at all and is causing considerable harm already. Iran feeling pain d…

> The war did not had to start at all and is causing considerable harm already. Iran feeling pain does not mean surrounding states were protected - instead they were put into harms way. They were always in harm's way. The war could have waited, and Iran could have doubled or tripled its missile stockpile and then they really would have been in harm's way. You're falling in to the same trap I mentioned "country does X…

Those states could export oil entirely reliable. They had tourism and finance industries dependent on them being safe.

Iran did not mined strait until USA and Israel bombed it twice during negotiations, threatened civilisation destruction, murdered political leaders and attacked BOTH civilian and military infrastructure.

You dont get to start a war or bomb and then blame the other side for not passivele accepting the situation.

USA caused harm here.

Re: UAE to leave OPEC

#399

Post by watwut » Tue, Apr 28, 2026, 9:05 PM UTC

ericmay wrote: post #385

toraway wrote: post #341

Earlier quoted context omitted.

> They were always in harm's way. The war could have waited, and Iran could have doubled or tripled its missile stockpile and then they really would have been in harm's way. I keep hearing this line defending US intervention but it doesn't really make sense. Iran was not threatening shipping traffic in the strait regardless of how many missiles they stocked up until they were forced to do so as an asymmetric warfare…

> I keep hearing this line defending US intervention but it doesn't really make sense. Iran was not threatening shipping traffic in the strait regardless of how many missiles they stocked up until they were forced to do so as an asymmetric warfare response to an attack by a superior military. Why would they threaten to do so prior to being ready? Have you ever played a strategy game where you build up your forces for…

It is not a game. And this war happened because Israel and USA assumed Iran is weak.

This had squat zero with acute danger of military buildup. This happened because Hegseth thought Iran will fold and found it super unfair they did not.

> Separately, you can just ask: why are they even stockpiling missiles in the first place?

To protect themselves when America starta Another war. It cant go without war for long. As brutal as iran is, there was no imminent threat of expansion

It is israel who just displaced millions of people.

Is the idea here that only USA gets to have missiles?

Re: UAE to leave OPEC

#400

Post by traderj0e » Tue, Apr 28, 2026, 9:07 PM UTC

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.

How can that be if they all offer extensive lines of small and efficient cars that a good number of people drive? Besides, collusion doesn't seem likely given the amount of foreign competition. The majority of Americans have made it clear that they want bigger autos, at least with the usual gas prices. Sorry if that's corp propaganda.

Separately I've heard emissions laws blamed for large sedans losing to small SUVs and trucks due to double standards, but I doubt it would've made a difference, even though I personally prefer large sedans.