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UAE to leave OPEC

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591–600 of 750 posts

Re: UAE to leave OPEC

#591

"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.

Its a fun line, but the volume of money they have and the way its managed says they are looking at retaining that wealth somehow

The 3 generation cycle has proven to be true in the past but families are smarter today.

Re: UAE to leave OPEC

#592

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.

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Re: UAE to leave OPEC

#593
post #199

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…

They export because their own refineries along the Gulf coast esp were designed for middle east heavy crude cuz the US once upon a time believed it was about to run out of American light sweet crude. So the story is not black and white.

Stop repeating this lame talking point like a robot. We export because the crude oil export ban was lifted in 2015. If we didn't then we would already have the refinement capacity now.

There are financializing vampires in charge and their only goal is to short term bleed the country dry. "Investors" are allergic to investing.

Re: UAE to leave OPEC

#594
post #540
post #532

Earlier quoted context omitted.

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…

> Asian countries in particular are going to burn They won't sit still, though. Eventually, if this were tried, we'd see Chinese-flagged tankers buying passage rights from Iran and being escorted by PLAN ships. No way does Commander TACO take that shot. The US interdiction threat in the gulf is empty, and everyone know it. Iran gets paid at the end of every story. The whole boondoggle has been a failure for the US in…

> escorted by PLAN ships

This would be a blunder by Beijing. It would involve trotting their ships through half a world of American and allied sensors, only to put an untested-in-blue-waters navy perilously far from nearest bases or support if anything goes wrong.

I’m not saying the likes of Xi, Putin or Trump couldn’t do it. But it would be an intelligence bonanza for the West, India, Japan and Taiwan.

Re: UAE to leave OPEC

#595

Earlier quoted context omitted.

Years ago I had found his channel and liked it, and then some video (I don’t remember the title or even subject at this time) came up on a subject I happened to know quite a bit about. He got to some point in an explanation, bungled it, and then hand-waved it away, saying the details were unimportant. Stopped caring about anything he had to say after that, and I also then realized that there was a an entire genre of…

Same. It was the "How The U.S. Ruined Bread" video for me after which I started watching critically and found the editing style to be over the top and makes it harder to think about the content while it's being presented. So I eventually stopped watching.

Interesting. I had a similar experience with Veritasium’s video on kinetic bombardment, where I think they dismissed the concept based on tossing bowling balls out of helicopters onto sandcastles.

Re: UAE to leave OPEC

#596
post #202

Earlier quoted context omitted.

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.

Egypt learned on other's mistakes for once. They saw how Jordan welcomed Palestinians on their land and they repaid the kindness by launching a coup against the government in 1970. No wonder not a single anti-Israeli coalition country is willing to deal with Palestinians directly at their own home and are keeping borders watertight :) .

You're probably aware of your bigotry, as the stupid smiley at the end of your comment seems to suggest, but your reasoning only serves to support the pre-made conclusion of 'Palestinians are genetically evil'.

Re: UAE to leave OPEC

#597
post #503
post #488

Earlier quoted context omitted.

Fundamentalists tend not to be pragmatists.

i don't think you know much about islamist parties and are just grasping for reasons to justify suppressing democracy in certain places. ennahada (tunisia), pks (indonesia), jui (pakistan) are all examples of islamist parties that have compromised or reached across the aisle at various points just off the top of my head. besides, isn't the point of democracy to allow people to be led by those who represent their prin…

> ennahada (tunisia), pks (indonesia), jui (pakistan) are all examples of islamist parties that have compromised or reached across the aisle at various points

Would love to read more on this. Naïvely, I shared OP’s view of Islamist parties’ intransigence. (Note to third parties: Islamist != Islamic majority or even Islamic parties, and certainly separate from Arab parties.)

> isn't the point of democracy to allow people to be led by those who represent their principles?

Yes. But nothing says democracies are fundamentally stable. It absolutely follows that intolerant populations can systematically elect intolerant leaders who then cause instability.

Re: UAE to leave OPEC

#598
post #269

Earlier quoted context omitted.

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.'

Are you sure? Jordanians tried and it burned them spectacularly. And if my memory served, Egypt also tried to some extent and eventually was eagerly and happily offloading Gaza into Israel's hands. Then, they built a huge border defensive line to keep Gazan out that would make Trump's Mexican border a joke in comparison. At some points people need to wonder why.

> At some points people need to wonder why.

Could you imagine me making the same argument with other historically 'unwanted' groups, like for example Black people or Jews? If these populations keeep getting kicked out and marginalised through millennia, surely you have to start wondering why.

Re: UAE to leave OPEC

#599
post #439

Earlier quoted context omitted.

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

A civil union is not the same as a marriage. And I'm not just talking about Israel.

Ideally, this is true:

marriage = civil union + religion

Of course everyone should be free to call their civil union whatever they like and the government shouldn’t differentiate at all if your civil union has a religious blessing as well. Just because some governments appropriated the religious terminology and/or the civil union developed from a union sanctioned by a priest doesn’t mean that a government needs to guarantee everyone a religious marriage. To the contrary. Everyone should be able (and required) to register the civil union if they want to be treated as married by the state. I’m not here to defend the status quo of all the laws in Israel - I’m here to emphasize that your reading of the laws about civil unions and marriages in incomplete and the standards you apply to Israel are a hundred times higher than those you seem to apply to any other country. Honi soit qui mal y pense.

Re: UAE to leave OPEC

#600
post #473

Earlier quoted context omitted.

> The Israeli openly proposed for the Gaza Palestinians to move to Egypt Yeah, that's not "wide open". Israel would absolutely be happy with a one-way exit gate.

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No they wouldn't, it's their land and they demonstrated after 80 years of ethnic cleansing that they will not be driven out it. I already addressed another one of your racial fantasies elsewhere, here you descend into genocide apology.
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