chukwubuzor123:
what's wrong with it?

Jew, I suppose?

APCHaram:

That's Obama bowing to the Saudi King

chukwubuzor123:

Ok, so what has it to do with thrumps downfall

MagicBishop:
Forget Saudi Arabia cutting oil outputs; that will never happen now that Iran is back in the game.

The Saudis have the cash reserves to weather low crude prices ( that's why they have an external reserves of over 500 bn USD) ; Iran on the other hand is cash starved after many years facing sanctions.

The tensions between the aforementioned nations has never been this bad and you can bet that the Saudis will want to undermine any bilateral trade and/or military/diplomatic ties that Tehran will want to open now that they can leverage with their oil.

The Saudis will not also cut productions because they are foolishly thinking this will stall shale oil industry in the US.

The US on the other hand has lifted an embargo on exports of US crude and their major target market is in Asia and Europe directly competing with both Russia and middle east suppliers.

As the Shale oil industry grows rapidly I won't be surprised if US policy in the middle east shifts dramatically.

Already the US has began demobolizing their military forces from the ME and concentrating on SE Asia and the north Atlantic corridor with Russia.

Also, US shale needs conventional crude to be higher than they are now in order for it to compete profitably in the energy market.

And since there is no way we can expect Saudi to stop pumping and no way we will see a global ban on cheap crude exploration, I expect the powerful and rich Shale oil industry to start influencing US policy against Saudi Arabia to the point of instigating conflict in that country to take out Saudi oil fields from supplying the global market.

A conflict in Saudi Arabia can easily be instigated by the US simply withdrawing support to the House of Saud thereby paving way for coups , feudal clashes among the tribes to Iran instigating the 20% Shiites in the eastern regions (where majority of Saudi oil fields are located).

The Iranians already have a head start with the Houthi Shiites in Yemen who are seriously kicking Saudi butts.

A war in Saudi Arabia will serve both the interests of the US, Russia and also Iran who are now major oil players.

This will go along way in stabilising oil prices and the Saudi $500bn reserves they made from selling crude to the US can be recouped from arms sales to the Saudis in their civil war.

And the good thing is the war can last as long as we want. If any of the warring factions gets an upper hand the UN will be drafted to demand a ceasefire and in between the US or Russia can arm their factions.
This is the only way oil will rise and islamic terrorism will end

Whaddya think?




Madridguy
Arewafederation
Modath