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UAE to leave OPEC

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Re: UAE to leave OPEC

#551

Post by notepad0x90 »

an interesting variable in all this is China. the whole crisis, and maduro being kidnapped by his american counterpart dictator, has left them only russia left as a major source of petroleum overseas.

If I had to guess, the UAE is looking to form petro-alliances, and have a negotiating leverage. They're have to compete, and they can't beat saudi. So, either the US caters to their demands, or they'll be forming alliances with india and china, where currently OPEC's price setting was a limiting factor.

Re: UAE to leave OPEC

#552

Post by watwut »

sysguest wrote: post #543
justsomehnguy wrote: post #541

Earlier quoted context omitted.

> well but do israelis parade their dead rape victims openly? Ah, this is where you draw the line?

well where do YOU draw the line then? One side openly tries to do maximum death on everyone including infants (eg. fire random missiles, intifada, and the oct 7th attack) The other side at least tried their best NOT to attack back (expensive missile defense systems) or at least kill only the militants selectively (walkietalkie boomboom) I mean, you should be ashamed of even comparing israel vs iran/hamas/etc

> One side openly tries to do maximum death on everyone including infants

That would be israel with special focus on journalists and doctors

> The other side at least tried their best NOT to attack back

As idiotic as it is, Iran shown more restraint then Israel and USA against other countries. Internaly not, but ouyside yes. They played tit for tat.

Re: UAE to leave OPEC

#553

Post by brazukadev »

notepad0x90 wrote: post #551

an interesting variable in all this is China. the whole crisis, and maduro being kidnapped by his american counterpart dictator, has left them only russia left as a major source of petroleum overseas. If I had to guess, the UAE is looking to form petro-alliances, and have a negotiating leverage. They're have to compete, and they can't beat saudi. So, either the US caters to their demands, or they'll be forming allian…

> has left them only russia left as a major source of petroleum overseas.

China is currently importing 1.6M barrels/day from Brazil

Re: UAE to leave OPEC

#554

Post by usrnm »

ifwinterco wrote: post #415
boringg wrote: post #330

Earlier quoted context omitted.

While I commend the positive attitude and I tend to have a positive view on the trajectory of humanity. This part of the planet has been almost intractable since the age of Hammurabi - it is quite fractured without any current overarching unity or framework. There isn't a dominant religion (similar to Europe) or shared values. I could say almost meaningless things like "thought that through reason, hard word, and hum…

Europe didn’t have a common religion after the Reformation (at least not in the sense people who lived there at the time would recognise). In fact it was wars with a strong religious element between Protestant and catholic factions that tore Europe apart for centuries afterwards

Europe didn't have a common religion before the reformation as well. There were literal crusades inside Europe including against other christians: https://en.wikipedia.org/wiki/Northern_Crusades

Re: UAE to leave OPEC

#555

Post by ifwinterco »

slibhb wrote: post #456
ifwinterco wrote: post #421

Earlier quoted context omitted.

Various Arab states maintain this balancing act between a virulently anti-Israel population and a US-aligned (in most cases, US-installed) regime that’s tacitly okay with the existence of Israel. It’s actually surprising it’s achievable for so long but in the long term doesn’t feel stable given the direction things are headed

Which Arab regimes, today, are "US installed"? Iraq is the only plausible answer. As far as stability, I don't know. My view is that Arab democracies are unstable because they will elect Islamists. Dictatorship/monarchy has proven far more stable. Syria is trying to buck the trend; we'll see how it goes.

Maybe more accurate to say “Western-installed” although generally I don’t like grouping Europe and the US together as some coherent entity in this case it’s probably accurate.

All of the Gulf monarchies as well as Jordan are essentially western creations that were created as states mostly by the British and then heavily reinforced by the US from the 70s onwards

Re: UAE to leave OPEC

#556

Post by DaSHacka »

fortran77 wrote: post #534
huntertwo wrote: post #494

Earlier quoted context omitted.

Even when Israel strikes first, someone else started it. Brilliant!

[flagged]

Lol you mean until two years from now, when tides will inevitably shift?

The so-called "Zion-don" won't be in office forever, despite what he seems to believe.

Look at the polling. The current U.S. stance on Iran and Israel is extremely unpopular. It's only a matter of time before a natural course correction occurs, and the voters' voice is heard, whether at the upcoming midterms or the next presidential election.

And let me tell you, if you think HN is bad, you better not check Zoomer social media.

Re: UAE to leave OPEC

#557

Post by DeathArrow »

jmyeet wrote: post #532
huntertwo wrote: post #483

Earlier quoted context omitted.

Shouldn’t UAE be upset their entire economy has absolutely rammed by the war started by Israel? At least the Saudis have pipelines - UAE is fucked

It's more complex than that. Saudi Arabia has the East-West Pipeline [1] that takes ~7Mbpd (million barrels per day) of oil to Red Sea ports to avoid the Strait of Hormuz. They were already using it so there's not a lot of extra capacity they can get out. If we continue up the escalation ladder, the next big risk is that the Houthis close Bab al-Mandab, which is a not-quite-as-narrow but still vulnerable chokepoint t…

>That means we are now in a situation where the US has to either split with Israel and offer Iran significantly better terms than they had before the war, likely including the lfiting of economic sanctions, or the US has to sit and watch the world plunge into recession and Asian countries in particular are going to burn. And who knows what a prolonged impasse will do to Europe, particularly come winter.

I have the impression that somehow if the world will go into a recession, China will come out ahead. It looks like they either prepared for it or they have enough space to maneuver.

Re: UAE to leave OPEC

#558

Post by olalonde »

wolvoleo wrote: post #417
bobthepanda wrote: post #238

Earlier quoted context omitted.

UAE is in a tough spot because while they have diversified from oil, the industries they have diversified into like tourism, air travel and banking, were relying on a halo of safety that turns out to not exist.

Also, for tourism they aren't exactly welcoming to western culture. They don't even allow trans or non binary people (X) to transit to other places at dubai or abu dhabi. Can't have your cake and eat it.

That Western culture is only a few years old and only affects a tiny percentage of people who opt into it.

Re: UAE to leave OPEC

#559

Post by [deleted] »

KingOfCoders wrote: post #536
wdr1 wrote: post #526

Earlier quoted context omitted.

> Shouldn’t UAE be upset their entire economy has absolutely rammed by the war started by Israel? It's pretty convoluted logic to blame Israel for Iran attacking the UAE.

The problems the UAE has are not based on Iran attacking the UAE but Iran closing the Strait - which is a direct and foreseeable result of Israel attacking Iran.

[deleted]

Re: UAE to leave OPEC

#560

Post by logicchains »

edgyquant wrote: post #502
boringg wrote: post #59

Earlier quoted context omitted.

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

Not really there are time of instability but large stretches of stable government usually under a single empire the Persians, Rome, Caliphs and then Ottomans. The current shit show is due to a western induced collapse of the ottomans and then western powers ensuring no single nation can once again enforce that stability.

>Not really there are time of instability but large stretches of stable government usually under a single empire the Persians, Rome, Caliphs and then Ottomans.

The Gulf countries now are in a far better condition than they were under the Ottomans (and than modern Turkey). "Stability" is what led the Ottoman Empire to devolve into a backwards, economically undeveloped society that was incapable of competing with the west.

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