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UAE to leave OPEC

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431–440 of 750 posts

Re: UAE to leave OPEC

#431
post #300
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.

Increasing prices doesn't effect demand right? $10+ per pack cigarettes in California hasn't had any affect on smoking rates.

https://medicalxpress.com/news/2025-02-cigarette-pricing-pol...

A 2025 study showing that it did.

Re: UAE to leave OPEC

#432

Earlier quoted context omitted.

Their whole investment castle is built on sand (pun intended) and when oil even remotely starts to fade out as a commodity, it will crumble instantly. Panic will ensue and corruption will be rampant in order to continue the lavish consumerism. Everything will be sold for pennies. The difficult thing is not to make money once, it's to keep them afterwards.

A sovereign wealth fund with over $1 trillion USD (so with over $1 million per Emirati citizen) which invests heavily in U.S. equities will be sold for pennies? So U.S. equities will be sold for pennies? Are you predicting a U.S. stock market crash bigger than the Great Depression, when oil runs out?

Hhmmmm,

Could be a sell off if it isn't managed...measured buy-backs scaled over a timeline that maybe offers them an opportunity to invest in other commodities may be preferable.

Actually now that I think about it...I should probably keep a pulse on ME holdings about 2 or so decades from now

Re: UAE to leave OPEC

#433

Earlier quoted context omitted.

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?

Yes, exactly. The panel's control system is connected to the Internet and there's an app that an attacker could take advantage of to interfere with critical infrastructure at an inopportune time.

If you are doing grid-scale installation, surely you would want your own control system (perhaps also on your own network, separated from the general internet), precisely in order to protect the grid.

Re: UAE to leave OPEC

#434
post #367

Earlier quoted context omitted.

Large vehicles are safer for the occupants of the vehicle, however they do increase danger for pedestrians and drivers of other vehicles in a collision. There is a reasonable argument that reducing vehicle size would save lives overall

This is a myth. Larger vehicles are not safer for their occupants; they merely feel that way.

Nope, not a myth. While the data is noisy and there are some confounding factors, the IIHS driver death rates show a clear correlation between larger size and fewer deaths.

https://www.iihs.org/ratings/driver-death-rates-by-make-and-...

Re: UAE to leave OPEC

#435

"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.

like off-road capable, albeit still luxurious?

Re: UAE to leave OPEC

#436
post #409

Earlier quoted context omitted.

That’s a lie. You can form a civil union, which is very similar to the religious marriage. On the other hand, does Hamas recognise a Jewish marriage?

> You can form a civil union, which is very similar to the religious marriage. Yeah, we tried "separate but equal" here too. > On the other hand, does Hamas recognise a Jewish marriage? Being the good guys is about more than being "second worst".

You might be surprised, but a civil union is the only legally binding form of marriage in many countries, e.g. Germany. The Churches - even though they are state churches - aren’t even allowed to provide a wedding ceremony if the civil union hasn’t been performed beforehand. Which different legal provisions do you think make the „religious marriage“ vs. „civil union“ morally equal to „separate but equal“?

> Being the good guys is about more than being "second worst".

If you cannot think about any group that’s not as bad as Hamas, but worse than Israel, I‘m happy to help… just ask!

Re: UAE to leave OPEC

#437
post #56

Earlier quoted context omitted.

OPEC was never a very effective cartel in the first place. Many of the members routinely exceeded production targets. And for geological reasons it's not like most oil wells can even be throttled down.

Storage facilities allow for market supply control. And while it's true many member exceed targets, it's like speeding on US highways: everyone does it, but anyone driving 20 mph faster than the pack is nobody's friend. Karma will happen.

None of the OPEC+ members have sufficient storage facilities to allow for meaningful market supply control. And karma isn't a real thing: most OPEC+ members are more like rivals then real allies. They'll agree to one thing and then do another, secure in the knowledge that there will be no serious consequences.

Re: UAE to leave OPEC

#438
post #436

Earlier quoted context omitted.

> You can form a civil union, which is very similar to the religious marriage. Yeah, we tried "separate but equal" here too. > On the other hand, does Hamas recognise a Jewish marriage? Being the good guys is about more than being "second worst".

You might be surprised, but a civil union is the only legally binding form of marriage in many countries, e.g. Germany. The Churches - even though they are state churches - aren’t even allowed to provide a wedding ceremony if the civil union hasn’t been performed beforehand. Which different legal provisions do you think make the „religious marriage“ vs. „civil union“ morally equal to „separate but equal“? > Being the…

> You might be surprised, but a civil union is the only legally binding form of marriage in many countries, e.g. Germany.

That's great.

That's not Israel's setup.

> If you cannot think about any group that’s not as bad as Hamas, but worse than Israel, I‘m happy to help… just ask!

"Others are worse" is not the moral standard one should aspire to, either.

Re: UAE to leave OPEC

#439
post #391

Earlier quoted context omitted.

> 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.

And religion and marriage really shouldn't have anything to do with one another. Atheists can marry too.

They can. It’s called a civil union. Complaining about marriage laws in Israel in this uninformed way is just an antisemite dog whistle.

Re: UAE to leave OPEC

#440

Earlier quoted context omitted.

This is horrible from POV of mitigating the climate catastrophe and the global death toll. We (as in humanity) are really late in ramping down fossils production and use.

Eh if the U.S. gets into a forever war with Iran the same way we did with Iraq and Afghanistan and Vietnam (or like how Russia got into one with Afghanistan and Ukraine), the climate crisis is solved. Five years of the Straight of Hormuz being closed and everybody will be using EVs. Legislation isn't going to work. Economics isn't going to work. War - which cuts off the flow of petroleum because nobody is willing to…

80% of the world's oil is not going through the straight at all. 5 years is still optimistic. Esp if we are starting wars to pump up the futures market
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