Why is Saudi Arabia doing this?
- Thread starter Horn6721
- Start date
Regardless of what the Saudis, Russians, us, or anyone else may do, any lasting solution must depend on restoring demand--here and abroad. Demand for O&G and all forms of energy. The whole world has to reopen shop before long. Not a whole lot is likely to work until that happens.
Joe Fan
10,000+ Posts
A temporary solution. I wouldn't oppose it. But I don't think it would be anything more than some temporary help.
Joe Fan
10,000+ Posts
Joe Fan
10,000+ Posts
That is exactly what is needed in the short term, unclog storage
Old saying: "When the elephants stumble and fall, the mice get crushed."
I've pondered what's going to happen with the smaller, less stable oil republics (sometimes oil dictatorships) when their funds dry up and their impoverished masses start to really get pissed. While us, Russia, and our non-friends the Saudis may feel some pain, the "mice" of the O&G world have got to be skating on some extremely thin ice. Regimes in places like Libya, Egypt, Kuwait, Iran, Iraq, Venezuela, Indonesia, Malaysia, and maybe even Mexico have got to be sweating some bullets about now. Without significant oil $, it's tough to prop up these sometimes odious regimes.
I've pondered what's going to happen with the smaller, less stable oil republics (sometimes oil dictatorships) when their funds dry up and their impoverished masses start to really get pissed. While us, Russia, and our non-friends the Saudis may feel some pain, the "mice" of the O&G world have got to be skating on some extremely thin ice. Regimes in places like Libya, Egypt, Kuwait, Iran, Iraq, Venezuela, Indonesia, Malaysia, and maybe even Mexico have got to be sweating some bullets about now. Without significant oil $, it's tough to prop up these sometimes odious regimes.
I'm a little thick sometimes...They are already there. From previous page, and pretty sure she lurks here
Are you saying AOC, the Congresswoman, reads Hornfans.com?
Joe Fan
10,000+ Posts
She may have even posted here as El Lobo
If you're right about that, that's pretty impressive for a sports website.
Congressional aid to Congressperson: "Sir/Ma'am, I have your morning briefing: key articles copied from the Wall Street Journal, The New York Times, The Washington Post, AP, and the Hornfans.com West Mall message board."
Joe Fan
10,000+ Posts
The Russians are actually in better shape than the Saudis, at least in the short run, in terms of the % of govt funding than come from energy production. Some people want to argue this, but the %s are really not that close. The Saudis are already in trouble, having spent a big chunk of their reserves. Long term, however, the Russians may have regrets over this. We will see.
As a historical footnote, the price crash in 1986 (the last time we saw single digits) is one of the major factors that undid the USSR. They were still in Afghanistan at the time. Big assist from the Saudis that time. While it was not good for my state or especially my home town, the silver lining was that it helped bring down the Evil Empire.
Joe Fan
10,000+ Posts
It's a running theme of mine, backed by little to no research
For all their flaws, throughout history the Russians have shown an impressive ability to endure hardship. Not so much with the Saudis. They need a foreign servant to wipe their butts after they take a dump.
Joe Fan
10,000+ Posts
What is that job title anyway?
Lavatory attendant. AKA "Attendant Washroom."
Salary Expert - Attendant Washroom Salary Madinah Munawara, Saudi Arabia
"Job Description
Serves patrons of lavatories in store, public building, hotel, or similar establishment. Replenishes restroom supplies. Supplies soap and towels, brushes patrons' clothing, shines shoes, sews on loose buttons, and performs related services."
I think that's under the "related services"...
Joe Fan
10,000+ Posts
Austin_Bill
2,500+ Posts
They are already there. From previous page, and pretty sure she lurks here
That is right workers, forget buying food, you go get that Green energy now, while the getting is good. I fully support all poor people buying solar panels and electric cars. Anyone that follows that Witch deserves to jump off that cliff and drown in the ocean with the rest of the Lemmings.
Musburger1
2,500+ Posts
Because of the refining situation in the US, we would have a logistics problem. The WTI is a type of light crude as I understand it, whereas most of the refining capacity that's available is for heavier crude. So we export much of the WTI and import heavier grades of crude.
So if we restricted imports, it would just raise the cost of gasoline as certain refineries wouldn't have what they need and there would still be a glut of oil. We kind of have an infrastructure problem in that what we produce doesn't quite match what we refine. And just because the price of gasoline would increase wouldn't necessarily increase the price of oil.
I may not have this exactly correct, but I think I'm close. Maybe one of the resident oil gurus can clarify further.
Austin_Bill
2,500+ Posts
As they say in Russia, All of Russia works for Moscow. That won't happen this time around, you see Russia has much better production than they did in Soviet Times and Russians are actually much better off today than in Soviet Times. Most Russians live in the towns but they almost all have these small farms in the country that they can plant gardens. That wasn't the case in Soviet times, they all come together on the weekends to sell their fruits and vegetables at the local market. Russians also still have that community system that lets them band together to help one another
Joe Fan
10,000+ Posts
That's cool they know how to garden now. i thought all they could do was hack other peoples' computers and drink too much.
Austin_Bill
2,500+ Posts
Back in Soviet times if you had a garden you had to forfeit what you produce to the government, thus few people would garden and if they did they hid their harvest.
I can’t imagine how the Soviet Union ever had any difficulty feeding their population...
AC
2,500+ Posts
Mr Deeves told you I am a Shepherd. But I do know down stream and midstream O&G. All the Gulf Coast Region Texas Refineries have a heavier crude slate. Most refineries have Continuous Catalytic Reformers, Steam Methane Reformers, ROSE Units, and Hydro Treaters. All of this is for purifying hydrogen, and reforming heavy ends. Then on the back end of a Refinery, all the ones I’ve visited have an SRU and Claus Catalyst Unit to turn H2S into elemental Sulfur. These heavies are in sour crude. So, that means Mayan Crude from Pemex and Venezuelan Crude. That is their Crude Slate. WTI is in the mix. The heavy crudes are cheaper than sweet crudes which improves the cracking spread ( profit margin). Most major refinery upgrades Motiva Port Arthur, and Motiva Garyville were made to increase capacity and take more sour crudes. But the more inland Refineries like Holly Frontier Artesia (NM)and El Dorado (KS), and Western Refining El Paso take lighter crudes and they have lower capacities. I believe those refineries take WTI and fracking liquids. Same thing for Delek Big Spring, Tyler & Krotz Springs (LA). There’s another Refinery in Southeast MS that has that Crude Slate as well. Coffeyville Resources. Maybe a restriction on imports but we could not cut them off. The Exxon Mobil, Valero, Shell, Motiva Refineries can all take a wide Crude slate, but they must have some imports. The smaller refineries could process WTI. And no Gasoline will keep dropping slowly at these cheap Crude prices. Reducing imports would help but not a long term fix.
Austin_Bill
2,500+ Posts
Back in the mid 80's when my wife and her sister were small, people would stand in line for basic stuff like sugar, flour, rice etc. You were given coupons to get your supplies. People would share kids. My mother-in-law would send my wife and her sister to other families so they can claim more kids and get more food coupons.
Sugar was a luxury, no one had TP, that was for the party leaders, you wiped your arse with news paper.
Things only got worse when the USSR fell. Much worse than our Great Depression. Every day hospitals would receive babies that were placed in garbage containers. The only thing people had plenty of was Vodka.
This gave rise to Putin, much like the hardships on post WWI Germany gave rise to Hitler.
When socialism fails, it leaves total calamity in its wake and takes a generation or two to recover. That was true in Eastern Europe and even moreso in Russia. The communists should pay the price for the hell they put their own people and the world through.
Joe Fan
10,000+ Posts
Not to mention, its tough to garden in the frozen tundra
Joe Fan
10,000+ Posts
US (and canadian) wheat farmers had to feed them for awhile
It caused an issue with giant rats in my city, as they escaped the motherland by stowing away on the shippers, only to land at the Ship Channel. It became such a big story, local TV news started filming them running across the RR tracks like Free Willy (they did seem happy to have escaped). The illegal alien Russian rat was so large it was bigger than the local feral cat who just said "f-this" and took the last train for the coast.
Spasibo comrade
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