ShapurII
Trusted Member
Glad to see you've been defeated on an intellectual level and this is the best you could come up with.It seems you have a cozy cocoon.
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Glad to see you've been defeated on an intellectual level and this is the best you could come up with.It seems you have a cozy cocoon.
Brent crude price has traditionally been the benchmark for most of the world, particularly the Europeans. WTI is mostly relevant for the Americans, and probably Canadians or other countries in Americas. I'm not sure about the last one though.Was talking about WTI price, Americans don't really care how much the Brits are paying for their oil....
$150 is "Possible" at a time when everything is possible. To reach that level, you need certain things to go this way.
1.) Canada and Norway do not increase their production
2.) The rest of the West does not intervene (either send a ship to escort the tanker out or come up with some insurance plan)
3.) Iran has to escalate the war and attack or close the Red Sea traffic as well (currently, the Red Sea diverts about 20-30% of Gulf oil with the Yanbu pipeline; the last figure I had is close to 6 million barrels a day)
4.) Saudi Arabia and Qatar continue to do absolutely nothing.
If all 4 things has done, then we may see a $150 a barrel price, that is very hard to do, I would say it's less than 10%
See , you are an epitome of conceited mindset.... world economy is doing fine , look at the markets .. even if the oil prices shoot up to $ 150 , they will not , it won't dent the economy... world is not as heavily dependent on gulf oil as it once had been.... your entire soh gambit will be over within couple of weeks.... you can keep o playing your flute.Glad to see you've been defeated on an intellectual level and this is the best you could come up with.
Yeah, right lol Please bookmark your post for future reference when you start crying about energy price in Pakistan in the not too distant future.See , you are an epitome of conceited mindset.... world economy is doing fine , look at the markets .. even if the oil prices shoot up to $ 150 , they will not , it won't dent the economy... world is not as heavily dependent on gulf oil as it once had been.... your entire soh gambit will be over within couple of weeks.... you can keep o playing your flute.
But isn't it surprising that the US can't track him down? They never had an issue tracking down Iran's heads of states before. Either Mojtaba is really smart and the Islamic Republic has finally learned to protect its most important figures or something seems off.Trump wants proof of life so that he can use that process, to track him down and then try to kill him...
But isn't it surprising that the US can't track him down? They never had an issue tracking down Iran's heads of states before. Either Mojtaba is really smart and the Islamic Republic has finally learned to protect its most important figures or something seems off.
Or they have found out how the tracking was done, and finally managed to shut it down ?
( I dont know if the video is correct ).
Trump is an American president, not the leader of the West. Again, Americans don't really care about Brent prices, and the rest of the world doesn't really have much say in it. And I would say Starmer, Macron and Merz don't really have much say in this war........Brent crude price has traditionally been the benchmark for most of the world, particularly the Europeans. WTI is mostly relevant for the Americans, and probably Canadians or other countries in Americas. I'm not sure about the last one though.
Actually, I did factor in an increase in oil production. And my scenario was that shit hits the fan, meaning that Saudi Arabia and other Arabs decide to actually do something, the US does more than it is doing now, Israel does more than it is doing now, et cetera. I mean, if Iran destroys Persian Gulf oil infrastructure resulting in long-term significant drop in oil production and Norway, Canada, Russia and the US do not ramp up their oil production rates, then there will be no imaginable limit to oil prices for a while.
By the way, Qatar is rather a major LNG producer, not a major oil producer as far as I know.
Nobody said Trump was the leader of the West either. That's a textbook example of a strawman fallacy. The European Union is the largest trade partner of the US by far. If Europe enters recession, the recession will eventually come to the US as well in a domino effect. It may take a few weeks or months, but it will happen without a doubt.Trump is an American president, not the leader of the West. Again, Americans don't really care about Brent prices, and the rest of the world doesn't really have much say in it. And I would say Starmer, Macron and Merz don't really have much say in this war........
Neither did I. I meant they would get involved militarily. The UAE is in particularly very serious about the military option because of the issue of the three islands.And when I said Saudi and Qatar continue not to do anything, I don't mean anything about oil production, I mean they don't send their ships, troops, and air force to protect the Gulf. I know Qatar is a Natural Gas producer........
When there is no one else to buy from and Arabs are out, price explodes. Oil is not a luxury good that you can stop importing it until the price is down again. What you are talking about applies to luxury goods but oil is a necessity good and you must afford it because your entire industry and civilian infrastructure depend on it. So, when there's a lack of supply, demand can not get lower than a certain threshold and price will explode. Economics 101.On the other hand, there is virtually no chance that Canada and Norway will not be ramping up theirs, it's just basic maths, no one wants to see oil price go up, on the other hand, the US, Canadian, and Norwegian (and to some extent Russian) are making a killing at oil price, they want to keep the price at level, not excebrately high so no one can afford, because if nobody is buying, they earn nothing.
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