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Topic: Energy Crisis 2.0 in the New World Order era - page 9. (Read 2734 times)

sr. member
Activity: 1666
Merit: 426
Venezuela could also decide to cooperate with China/Russia and RAISE the price of their oil. The U.S. doesn't have the power of negotiation.

I believe if that happens, then inflation will rise, and Jerome Powell would have to increase interest rates again.
The way you talk about US, it's as if they didn't put dictators on countries back in the 60s or secretly supplied weapons to insurgents around the world, they make you think that they don't have the power to negotiate but their military might and foreign influence isn't really something that anyone can just dismiss, I mean in our country, our last president was a staunch opposition of US having a presence in the country but the joint military exercise was still operational.
legendary
Activity: 2898
Merit: 1823
I believe not, unless the U.S. starts drilling the Oil within their own region, WHICH they will never do as a matter of policy, BUT they will start a war, be a direct war or a proxy-war through Israel, to protect the "sanctity" of the Petro-Dollar.


I beg to differ. War in the Middle East will create a lot of problems all over the world. This ranges from real problems in the oil market to mass riots of migrants in the EU countries that gave them shelter.
I'll digress a bit here - a question, tell me, why do you think migrants from Muslim countries do not flee to "native" nearest countries, similar in faith and mentality, and these countries do not accept their brothers" ? It's a question to ponder Smiley

So, the US could probably start a war, but it would not be profitable for them. It would be easier for them to make a deal with Maduro and easily get cheap oil from Venezuela for pennies. So your theory is a bit "lame".....


But I'm not saying the U.S. will start either a direct war, or a proxy war, because they want that. They'll start a war because they are provoked to.

Hamas is an ally of Iran, which, off the record, might be giving financial support to the group. Syria, which has the support of Russia, might join Iran in the provocation of war. And if Russia is allegedly in a war through proxy, the U.S. allies will also join, WHICH will make China join too, because of their economic interests in Russia and Iran.

There's Saudi Arabia, which already showed support for Palestine.

From an economic viewpoint, they have countries against the U.S. and its allies, which are main producers of Crude Oil in OPEC. If they wanted to defeat the U.S. they would use their position as main oil-producing countries as weapon.

What should the U.S. do, what could they do?

- WAR

There's no choice if they are provoked.

Although, China had diplomatic and economic talks with Venezuela, and signed an agreement of building a special economic zone in Venezuela for economy, trade, and technology.
Plus everyone already knows that there's a probability that China and Russia are directing a financial war against the United States, through the Middle East, through Asia, through the Russo-Ukraine war, to weaken the Dollar and therefore also weakening the U.S.

Regarding China. China and its investment and friendship is a gift. I think you don't need to be told about Sri Lanka and Chinese investments. They are trying to do the same thing everywhere. And Venezuela is even more attractive for them, as it is the largest country in terms of oil reserves. Plus, the Chinese economy is in a very difficult state right now and the prospects are not "bright" at all.... They need to look for cheap, highly liquid resources to save their economy. So if I were Venezuela, I would think 10 times before getting involved in "friendship with China".
PS By the way, Russia has also become a raw material appendage for China to save its economy.... But the truth is that Russia is not as useful as one might think Smiley


If there's war in the Middle East that involved China and Russia, which side would Venezuela support? I believe not the U.S.
copper member
Activity: 2156
Merit: 983
Part of AOBT - English Translator to Indonesia
Covid hit, the Government printed more money to save their country, Interest rate came out as an act against the inflation. War out the price of oil gas even wheat is on the rise.

Today economics is hard to predict. But I do believe there is someone or some people trying to control the world.


Who Control the energy can control the whole continent
legendary
Activity: 2422
Merit: 1191
Privacy Servers. Since 2009.
I would be very careful comparing the elections in Venezuela and Belarus.
Of course you would be very careful. You'd never bite the hand that feeds you haha...  Grin

Except you, everyone else can see the similarities. In both countries there were riots, triggered by US puppets (Tsikhanovskaya and Guaido) after allegedly "winning" the elections. The US are interested in both countries: Venezuela has oil, Belarus is neighboring Russia. In both cases US puppets ran away after the failed coup: Guaido now lives in Miami, Tsikhanovskaya in the EU. I can go on... Grin

Quote from: DrBeer
Now in Venezuela there will be transparent elections, devoid of primitive propaganda, and people will have a chance to think before casting their vote.  Sometimes you have to learn a lesson for your stupidity..... I think the people of Venezuela will draw conclusions and make the right choice.
Of course, they will. The only right choice. The cookies are ready and waiting...  Grin
legendary
Activity: 3752
Merit: 1864
The US doesn't need it, it has quite enough of its own reserves. What they are worried about is the destabilization that a couple of rogue countries are now trying to cause by stoking the fires of a new global war in the Middle East.
How about you try and use some real numbers and facts instead of saying random stuff, and using terms like "rogue countries" isn't proving your point the way you hope it does LOL although I agree that the rogue regime in Washington has started the 2 ongoing proxy wars with the East.

Back to the points. US strategic oil reserves are currently at the lowest ever since 1983 and it would take them years of mass imports to be able to fill it up again.
US oil is also a very heavy oil that is extremely difficult to extract and even harder to refine. Hence the high cost. This is exactly why US has always been invading oil rich countries murdering millions to steal their oil!
https://www.reuters.com/business/energy/us-energy-secretary-says-it-could-take-years-refill-oil-reserve-2023-03-23/

Plus, the huge amount of oil from Venezuela is guaranteed to stabilize the world market,
I already debunked this in the post you quoted without reading Tongue
Here is with some numbers:
From the ATH to today Venezuela's oil production has decreased by about 2.5 million bpd.
Saudi Arabia alone, in the past year+ has reduced production by 3 million bpd.
So right there alone there is a 0.5 million bpd deficit even if they can bring the production up to the ATH which is unlikely!
OPEC+ countries combined have reduced production more than that (so the actual deficit is actually higher than 0.5 million bpd) and they plan on reducing it more.
https://www.statista.com/statistics/265185/oil-production-in-venezuela-in-barrels-per-day/

Also Venezuela oil is similar to US oil, heavy, hard to extract and refine...

And Venezuela, after the "skillful rule of Maduro" now needs to restore the economy,
You mean because of the economic war and coups the "rogue regime in Washington" imposed on the country.

And oil will be the "magic wand" that will help to solve the problems of the population and the economy FAST and QUALITATELY.
Now I'm sure you didn't read anything in my comment you quoted specifically about the sanctions that were never removed to actually let the quality of life improve after people get their stolen money back from the thieves in Washington! And more importantly after they are allowed to go back to international trading with other countries that was and still is prevented by US and will continue being prevented by US even if they install their puppet in office.

US just wants their oil to desperately try and fix its own economy. Nothing is going to change in Venezuela with or without Maduro.
The sanctions haven't even been removed on the oil sector, since they are only allowed to hand over their oil to US not anybody they like. For example US does not allow Venezuela to sell their oil to India or China Cheesy
Even if they sell their oil to US they still won't receive the money because it will go to US banks and remain there with US deciding whether they like to give a tiny portion of their own money back or not!


1. What don’t you like about the term “rogue countries”? Does he distort the essence or is “out of place”? In my opinion, this characterizes the situation very accurately. Yes, you may not like it, but your opinion is not the only correct one Smiley

2. I agree - oil reserves in the United States have been declining, but there are quite understandable reasons for this. And Venezuela can help restore them very quickly. “The lowest figure since 1983” is not a synonym for “boss, everything is gone, the oil has run out, we’re screwed!” It's true ? Smiley Well, one more thing - the article is the PERSONAL opinion of Timothy Gardner, plus he spoke about this in MARCH, when the market was really “sausaging”. Well, the most important thing is that you are not the only one who has the Internet and Reuters. Read the latest news: https://www.reuters.com/markets/commodities/oil-falls-further-us-stock-build-easing-supply-concerns-2023-10-12/
Is it really completely different information after 7 months? Smiley

3. Well, they reduced production. But you probably saw the trends in oil? And before the terrorist attack on Israel and the increase in tension in the region, it did not increase in price in proportion to the decrease in production, right? Smiley Yes, there was a jump in September, but .. Look at the graphs and show the correlation of oil prices with a decrease in production? Smiley

4. "You mean because of the economic war and coups the "rogue regime in Washington" imposed on the country." - you can manipulate words as much as you like, but it will not change the reality Smiley Just clarify in connection with what and against whom specifically the US sanctions were imposed. And most importantly - for what? . Therefore, I think that I can’t answer a question that doesn’t exist...
By the way, this is the answer to your next accusation that someone allegedly stole money from people Smiley

PS in the modern world it is pointless to try to manipulate and twist events through wishful thinking, sorry, but this is a fact... I understand that you want to find an explanation where “the USA is to blame for everything,” but the reality is different. It’s like some people went out of their way to come up with hundreds of options to justify Russia’s terrorist attack on Ukraine. From the fact that they allegedly defended the “Russian-speaking population” and “Ukraine was joining NATO” to “Ukraine was preparing to attack Russia.” It looks extremely stupid, as does the attempt to attribute all the negativity to the USA
legendary
Activity: 3472
Merit: 10611
The Parliament of Pakistan just threatened the apartheid Zionist regime occupying Palestine with a nuclear strike. They basically threatened that if the war crimes against civilians doesn't end soon, they will use their nukes! Shocked

I don't want to read too much into this but it is a good indication of the growing global anger that's forming towards the Zionists and the more children the Zionists murder the higher the tensions in the most resource filled region of the world is going to go. Many countries have already kicked them out, some burnt the regime's embassies.

Some are already speculating another rise in the oil market.
legendary
Activity: 3752
Merit: 1864
I believe not, unless the U.S. starts drilling the Oil within their own region, WHICH they will never do as a matter of policy, BUT they will start a war, be a direct war or a proxy-war through Israel, to protect the "sanctity" of the Petro-Dollar.

I beg to differ. War in the Middle East will create a lot of problems all over the world. This ranges from real problems in the oil market to mass riots of migrants in the EU countries that gave them shelter.
I'll digress a bit here - a question, tell me, why do you think migrants from Muslim countries do not flee to "native" nearest countries, similar in faith and mentality, and these countries do not accept their brothers" ? It's a question to ponder Smiley

So, the US could probably start a war, but it would not be profitable for them. It would be easier for them to make a deal with Maduro and easily get cheap oil from Venezuela for pennies. So your theory is a bit "lame".....




Although, China had diplomatic and economic talks with Venezuela, and signed an agreement of building a special economic zone in Venezuela for economy, trade, and technology.
Plus everyone already knows that there's a probability that China and Russia are directing a financial war against the United States, through the Middle East, through Asia, through the Russo-Ukraine war, to weaken the Dollar and therefore also weakening the U.S.

Regarding China. China and its investment and friendship is a gift. I think you don't need to be told about Sri Lanka and Chinese investments. They are trying to do the same thing everywhere. And Venezuela is even more attractive for them, as it is the largest country in terms of oil reserves. Plus, the Chinese economy is in a very difficult state right now and the prospects are not "bright" at all.... They need to look for cheap, highly liquid resources to save their economy. So if I were Venezuela, I would think 10 times before getting involved in "friendship with China".
PS By the way, Russia has also become a raw material appendage for China to save its economy.... But the truth is that Russia is not as useful as one might think Smiley
legendary
Activity: 3472
Merit: 10611
The US doesn't need it, it has quite enough of its own reserves. What they are worried about is the destabilization that a couple of rogue countries are now trying to cause by stoking the fires of a new global war in the Middle East.
How about you try and use some real numbers and facts instead of saying random stuff, and using terms like "rogue countries" isn't proving your point the way you hope it does LOL although I agree that the rogue regime in Washington has started the 2 ongoing proxy wars with the East.

Back to the points. US strategic oil reserves are currently at the lowest ever since 1983 and it would take them years of mass imports to be able to fill it up again.
US oil is also a very heavy oil that is extremely difficult to extract and even harder to refine. Hence the high cost. This is exactly why US has always been invading oil rich countries murdering millions to steal their oil!
https://www.reuters.com/business/energy/us-energy-secretary-says-it-could-take-years-refill-oil-reserve-2023-03-23/

Plus, the huge amount of oil from Venezuela is guaranteed to stabilize the world market,
I already debunked this in the post you quoted without reading Tongue
Here is with some numbers:
From the ATH to today Venezuela's oil production has decreased by about 2.5 million bpd.
Saudi Arabia alone, in the past year+ has reduced production by 3 million bpd.
So right there alone there is a 0.5 million bpd deficit even if they can bring the production up to the ATH which is unlikely!
OPEC+ countries combined have reduced production more than that (so the actual deficit is actually higher than 0.5 million bpd) and they plan on reducing it more.
https://www.statista.com/statistics/265185/oil-production-in-venezuela-in-barrels-per-day/

Also Venezuela oil is similar to US oil, heavy, hard to extract and refine...

And Venezuela, after the "skillful rule of Maduro" now needs to restore the economy,
You mean because of the economic war and coups the "rogue regime in Washington" imposed on the country.

And oil will be the "magic wand" that will help to solve the problems of the population and the economy FAST and QUALITATELY.
Now I'm sure you didn't read anything in my comment you quoted specifically about the sanctions that were never removed to actually let the quality of life improve after people get their stolen money back from the thieves in Washington! And more importantly after they are allowed to go back to international trading with other countries that was and still is prevented by US and will continue being prevented by US even if they install their puppet in office.

US just wants their oil to desperately try and fix its own economy. Nothing is going to change in Venezuela with or without Maduro.
The sanctions haven't even been removed on the oil sector, since they are only allowed to hand over their oil to US not anybody they like. For example US does not allow Venezuela to sell their oil to India or China Cheesy
Even if they sell their oil to US they still won't receive the money because it will go to US banks and remain there with US deciding whether they like to give a tiny portion of their own money back or not!
legendary
Activity: 2898
Merit: 1823
Washington announced the lifting of sanctions against Venezuela's oil, gas and gold mining sectors
It is interesting how desperate United States is for energy that they have lifted sanctions on Iran's strategic partner Wink and only sanctions on Energy Sector and not anything else like the basic needs of the Venezuelans that they can't have access to just because they are sanctioned!
US is not even releasing the money they stole from Venezuelan people (the money blocked in US banks) that could significantly improve the country's economy!!!

As for elections, to me it sounds like another US backed coup is on the way to try and install a US puppet in this oil rich country! I hope Maduro knows what he's doing.

In any case I'm very curious to see how this all turns out. And whether Venezuela would actually increase production or is it even capable of increasing production to replace the millions of barrels of oil per day that has already been cut by the OPEC countries and may be cut more in the future!
Statistics say no! The amount of bpd that Saudi alone has decreased is more than the ATH of Venezuela oil production...

The US doesn't need it, it has quite enough of its own reserves. What they are worried about is the destabilization that a couple of rogue countries are now trying to cause by stoking the fires of a new global war in the Middle East.

Plus, the huge amount of oil from Venezuela is guaranteed to stabilize the world market, whatever the economic terrorists are up to. More precisely, their further attempts to influence by reducing production will create a problem only for these countries themselves Smiley


I believe not, unless the U.S. starts drilling the Oil within their own region, WHICH they will never do as a matter of policy, BUT they will start a war, be a direct war or a proxy-war through Israel, to protect the "sanctity" of the Petro-Dollar.

Quote

The fact that NOW Venezuela does not give much oil to the market is a matter that can be easily corrected, as the largest proven oil reserves and easy enough production will allow to catch up quickly and to reach the required production volumes.

And Venezuela, after the "skillful rule of Maduro" now needs to restore the economy, raise the standard of living, restore what was ruined by Maduro's rule. And oil will be the "magic wand" that will help to solve the problems of the population and the economy FAST and QUALITATELY.
I wish the people of Venezuela not to make any more mistakes, not to choose populists, and to make the right choice, which will lead to prosperity and life in a rich, developed country !


Although, China had diplomatic and economic talks with Venezuela, and signed an agreement of building a special economic zone in Venezuela for economy, trade, and technology.

Plus everyone already knows that there's a probability that China and Russia are directing a financial war against the United States, through the Middle East, through Asia, through the Russo-Ukraine war, to weaken the Dollar and therefore also weakening the U.S.
legendary
Activity: 3752
Merit: 1864
Washington announced the lifting of sanctions against Venezuela's oil, gas and gold mining sectors
It is interesting how desperate United States is for energy that they have lifted sanctions on Iran's strategic partner Wink and only sanctions on Energy Sector and not anything else like the basic needs of the Venezuelans that they can't have access to just because they are sanctioned!
US is not even releasing the money they stole from Venezuelan people (the money blocked in US banks) that could significantly improve the country's economy!!!

As for elections, to me it sounds like another US backed coup is on the way to try and install a US puppet in this oil rich country! I hope Maduro knows what he's doing.

In any case I'm very curious to see how this all turns out. And whether Venezuela would actually increase production or is it even capable of increasing production to replace the millions of barrels of oil per day that has already been cut by the OPEC countries and may be cut more in the future!
Statistics say no! The amount of bpd that Saudi alone has decreased is more than the ATH of Venezuela oil production...

The US doesn't need it, it has quite enough of its own reserves. What they are worried about is the destabilization that a couple of rogue countries are now trying to cause by stoking the fires of a new global war in the Middle East.
Plus, the huge amount of oil from Venezuela is guaranteed to stabilize the world market, whatever the economic terrorists are up to. More precisely, their further attempts to influence by reducing production will create a problem only for these countries themselves Smiley

The fact that NOW Venezuela does not give much oil to the market is a matter that can be easily corrected, as the largest proven oil reserves and easy enough production will allow to catch up quickly and to reach the required production volumes.

And Venezuela, after the "skillful rule of Maduro" now needs to restore the economy, raise the standard of living, restore what was ruined by Maduro's rule. And oil will be the "magic wand" that will help to solve the problems of the population and the economy FAST and QUALITATELY.
I wish the people of Venezuela not to make any more mistakes, not to choose populists, and to make the right choice, which will lead to prosperity and life in a rich, developed country !
legendary
Activity: 2898
Merit: 1823
Didn't Saudi Arabia, or was it one of the other Arabian Nations, cancel their oil supply deal with Israel and that they started talking to Iran, thanks to China's help?
There was the "normalization with Israel" that was canceled (or rather went behind curtains again) the day Saudi Aramco went up in smokes when Yemen attacked it, then the Saudi regime came to Iran on all fours with China brokering the meeting.
However, they still have relations ("behind curtains") with the apartheid Zionist regime and sell them energy even if some deals here and there may have fallen through.

Ser, I believe we as forum members should try to post our personal opinions more objectively. We can't do finger-pointing and name-calling to one side or the other. There might be some forum members reading the topic who's from Israel. It isn't they're fault, nor do they support war.
I see what you mean but I respectfully disagree. Lets see two facts:

First when you say "someone from Israel" we are not talking about natives of a region in the world who have roots there. We are talking about immigrants who came from different parts of the world to occupy other people's homes by force and at gunpoint.

Secondly, they claim to have democracy and in a democracy people are both aware of and are OK with what their regime does, specially when they willingly and knowingly migrate to live under the rule of that regime. The Zionist regime is globally recognized as apartheid, not yesterday but many years ago. The ethnic cleansing of Palestinians by the regime is also not hidden to anyone.
So when the regime commits atrocities openly and proudly, the blood of their victims is on all their hands. If they don't want that, they should go back home.


I don't care about what's political-correct way of discerning the situation. I'm merely saying let's stop the name-calling/finger-pointing. There are real deaths and casualties from BOTH sides of the war. Let's stop spreading/augmenting the hate, and continue to learn from each other.

Tensions in West Asia went up a notch overnight.
- I counted at least a dozen attacks on US bases in Iraq and Syria with US casualties (eg. 2 KIA in Deir ez-Zor). Some of the US bases that are targeted are around the energy fields in Syria that US has been stealing their resources. For example the base in Koniko (gas fields). The propaganda arm of CENTCOM has only admitted to two drone attacks and some injuries*!
- The biggest news came out in the middle of the night. The armed forces of Yemen do not mess around. They've shot at least 2 cruise missiles in the north direction although the details has not yet come out. We don't know if the target was USS Carney in Red Sea or occupiers position in occupied Palestine.

* The official statements were too mellow when it says "we are vigilantly monitoring the situation" whereas in the past they "vowed retaliation", "a harsh response", etc. not that they ever dared do anything for the other ~6000 times US bases were attacked in the first half of this year, but at least the statements were different when they admitted to being attacked.
https://www.centcom.mil/MEDIA/PRESS-RELEASES/Press-Release-View/Article/3561125/us-forces-defend-against-drones-in-iraq/


P.S. Of course this all means oil price got solidified above $90 and it's not gonna come down any time soon. With the possibility of rising higher if the tensions keep growing like this.


The winner IS, Inflation through reinflation. Cool

Reinflation = More Rate Hikes.

More Rate Hikes = Higher Probability of Recession.

BUT if Inflation is "sticky", then Stagflation.

If Stagflation = Stores of value assets might be more valuable, including Bitcoin.
legendary
Activity: 3472
Merit: 10611
Tensions in West Asia went up a notch overnight.
- I counted at least a dozen attacks on US bases in Iraq and Syria with US casualties (eg. 2 KIA in Deir ez-Zor). Some of the US bases that are targeted are around the energy fields in Syria that US has been stealing their resources. For example the base in Koniko (gas fields). The propaganda arm of CENTCOM has only admitted to two drone attacks and some injuries*!
- The biggest news came out in the middle of the night. The armed forces of Yemen do not mess around. They've shot at least 2 cruise missiles in the north direction although the details has not yet come out. We don't know if the target was USS Carney in Red Sea or occupiers position in occupied Palestine.

* The official statements were too mellow when it says "we are vigilantly monitoring the situation" whereas in the past they "vowed retaliation", "a harsh response", etc. not that they ever dared do anything for the other ~6000 times US bases were attacked in the first half of this year, but at least the statements were different when they admitted to being attacked.
https://www.centcom.mil/MEDIA/PRESS-RELEASES/Press-Release-View/Article/3561125/us-forces-defend-against-drones-in-iraq/


P.S. Of course this all means oil price got solidified above $90 and it's not gonna come down any time soon. With the possibility of rising higher if the tensions keep growing like this.
legendary
Activity: 3752
Merit: 1864
Washington announced the lifting of sanctions against Venezuela's oil, gas and gold mining sectors after President Nicolas Maduro's government and the opposition agreed to hold free elections. The U.S. is trying to increase supplies to the global oil market, where Saudi Arabia and Russia have managed to raise prices by restricting production and exports.

True, Venezuela's oil sector is in dire straits due to chronic underinvestment, corruption and sanctions, so it will only be able to increase production to a limited extent in the near future.

The day before, Maduro's representatives agreed with the United Platform - opposition politicians supported by the United States - to hold presidential elections in the second half of 2024. International observers will be invited to monitor them.

https://www.moscowtimes.ru/2023/10/19/ssha-snyali-sanktsii-s-venesuelskoi-nefti-a110518

This means that in the near future, both social and economic situation in the country will change. And so will the oil market.
...unless, of course, the Venezuelan population decides to experiment on themselves once again and elect another populist socialist.

In case you haven't understood yet: "free" elections don't exist anymore. It's either Maduro will control the elections or the US-backed opposition. Freedom and democracy are a hoax, a fairy tale for naive kids. Democracy doesn't exist, even in the US.

In Venezuela, the US used the same scenario as they later used in Belarus. A young pro-American politician (Guaido) announced that elections were fraudulent and declared himself a democratically-elected president. I can predict something similar will happen in 2024.   

I would be very careful comparing the elections in Venezuela and Belarus.
 
If in Venezuela it was pure populism and cheap promises that the country's residents "fell for". During the elections he promised to double the minimum wage, as well as to forgive his fellow citizens debts on loans received for mortgages and housing construction.  There were also less populist promises - to carry out constitutional reform, to cleanse the country of corruption and abuse of political elites, to create a democratic society of social justice, to involve the masses in governing the state ...
But, as they say, "to promise is not to marry" Smiley


What he had enough of after the elections - Maduro issued an order to arrest the owners of retail chains selling electrical household goods. All the goods were sold off by the police and army for 10% of the normal price. He attributed the decision to the fact that the retailers were overcharging for the goods. A simple, rudimentary attempt to buy "loyalty".
However, he was not enough for more, his promises were not fulfilled, and further joy was replaced by the "torment of existence" in a degenerating economy.

In Belarus, the state resources (civil servants), stupid falsification and pressing of any opposition were used.

Now in Venezuela there will be transparent elections, devoid of primitive propaganda, and people will have a chance to think before casting their vote.  Sometimes you have to learn a lesson for your stupidity..... I think the people of Venezuela will draw conclusions and make the right choice.

legendary
Activity: 2422
Merit: 1191
Privacy Servers. Since 2009.
Washington announced the lifting of sanctions against Venezuela's oil, gas and gold mining sectors after President Nicolas Maduro's government and the opposition agreed to hold free elections. The U.S. is trying to increase supplies to the global oil market, where Saudi Arabia and Russia have managed to raise prices by restricting production and exports.

True, Venezuela's oil sector is in dire straits due to chronic underinvestment, corruption and sanctions, so it will only be able to increase production to a limited extent in the near future.

The day before, Maduro's representatives agreed with the United Platform - opposition politicians supported by the United States - to hold presidential elections in the second half of 2024. International observers will be invited to monitor them.

https://www.moscowtimes.ru/2023/10/19/ssha-snyali-sanktsii-s-venesuelskoi-nefti-a110518

This means that in the near future, both social and economic situation in the country will change. And so will the oil market.
...unless, of course, the Venezuelan population decides to experiment on themselves once again and elect another populist socialist.

In case you haven't understood yet: "free" elections don't exist anymore. It's either Maduro will control the elections or the US-backed opposition. Freedom and democracy are a hoax, a fairy tale for naive kids. Democracy doesn't exist, even in the US.

In Venezuela, the US used the same scenario as they later used in Belarus. A young pro-American politician (Guaido) announced that elections were fraudulent and declared himself a democratically-elected president. I can predict something similar will happen in 2024.   
legendary
Activity: 3472
Merit: 10611
Didn't Saudi Arabia, or was it one of the other Arabian Nations, cancel their oil supply deal with Israel and that they started talking to Iran, thanks to China's help?
There was the "normalization with Israel" that was canceled (or rather went behind curtains again) the day Saudi Aramco went up in smokes when Yemen attacked it, then the Saudi regime came to Iran on all fours with China brokering the meeting.
However, they still have relations ("behind curtains") with the apartheid Zionist regime and sell them energy even if some deals here and there may have fallen through.

Ser, I believe we as forum members should try to post our personal opinions more objectively. We can't do finger-pointing and name-calling to one side or the other. There might be some forum members reading the topic who's from Israel. It isn't they're fault, nor do they support war.
I see what you mean but I respectfully disagree. Lets see two facts:

First when you say "someone from Israel" we are not talking about natives of a region in the world who have roots there. We are talking about immigrants who came from different parts of the world to occupy other people's homes by force and at gunpoint.

Secondly, they claim to have democracy and in a democracy people are both aware of and are OK with what their regime does, specially when they willingly and knowingly migrate to live under the rule of that regime. The Zionist regime is globally recognized as apartheid, not yesterday but many years ago. The ethnic cleansing of Palestinians by the regime is also not hidden to anyone.
So when the regime commits atrocities openly and proudly, the blood of their victims is on all their hands. If they don't want that, they should go back home.

Washington announced the lifting of sanctions against Venezuela's oil, gas and gold mining sectors
It is interesting how desperate United States is for energy that they have lifted sanctions on Iran's strategic partner Wink and only sanctions on Energy Sector and not anything else like the basic needs of the Venezuelans that they can't have access to just because they are sanctioned!
US is not even releasing the money they stole from Venezuelan people (the money blocked in US banks) that could significantly improve the country's economy!!!

As for elections, to me it sounds like another US backed coup is on the way to try and install a US puppet in this oil rich country! I hope Maduro knows what he's doing.

In any case I'm very curious to see how this all turns out. And whether Venezuela would actually increase production or is it even capable of increasing production to replace the millions of barrels of oil per day that has already been cut by the OPEC countries and may be cut more in the future!
Statistics say no! The amount of bpd that Saudi alone has decreased is more than the ATH of Venezuela oil production...

This process began with an attack on Ukraine,
Actually the process is much longer than that. It started in early 2000's when US decided to invade Iraq and kill over a million people while wasting about $10 trillion in West Asia. That was the start of the downfall of United States as the only hegemony of the past 30 years in the Old World Order.
legendary
Activity: 2898
Merit: 1823

Washington announced the lifting of sanctions against Venezuela's oil, gas and gold mining sectors after President Nicolas Maduro's government and the opposition agreed to hold free elections. The U.S. is trying to increase supplies to the global oil market, where Saudi Arabia and Russia have managed to raise prices by restricting production and exports.


Was that truly the reason? Or is the U.S. expecting an oil embargo from the alliance that's building in the Middle East against Israel and its allies? Cool

They probably don't care about the "free elections". They're just using that to make themselves not look in despair, which they truly are.

Quote

True, Venezuela's oil sector is in dire straits due to chronic underinvestment, corruption and sanctions, so it will only be able to increase production to a limited extent in the near future.

The day before, Maduro's representatives agreed with the United Platform - opposition politicians supported by the United States - to hold presidential elections in the second half of 2024. International observers will be invited to monitor them.

https://www.moscowtimes.ru/2023/10/19/ssha-snyali-sanktsii-s-venesuelskoi-nefti-a110518

This means that in the near future, both social and economic situation in the country will change. And so will the oil market.
...unless, of course, the Venezuelan population decides to experiment on themselves once again and elect another populist socialist.
 

Venezuela could also decide to cooperate with China/Russia and RAISE the price of their oil. The U.S. doesn't have the power of negotiation.

I believe if that happens, then inflation will rise, and Jerome Powell would have to increase interest rates again.
sr. member
Activity: 2464
Merit: 252

The World Order keeps changing every couple of decades and in that change different countries come to power, some lose their power entirely, sometimes partially. To put in three words, any new world order is the "shift of power". For example the Order before the last was a dual polar world where US and USSR were the powers. Before that it was UK instead of US.

Trying to change the existing world order is actually a very bloody path and will cost humanity dearly. If humanity survives this period at all. Now psychics, esotericists and other seers are already clearly predicting that in the next decade we will be faced with very threatening events. This process began with an attack on Ukraine, continued with an attack on Israel, and will certainly end in a general war, where the main opposing forces will be the United States and China. Moreover, a very realistic scenario in this war would be the use of nuclear weapons. Therefore, if the New World Order is established in terms of changes in global power, it will look completely different than many now imagine.
legendary
Activity: 3752
Merit: 1864
Washington announced the lifting of sanctions against Venezuela's oil, gas and gold mining sectors after President Nicolas Maduro's government and the opposition agreed to hold free elections. The U.S. is trying to increase supplies to the global oil market, where Saudi Arabia and Russia have managed to raise prices by restricting production and exports.

True, Venezuela's oil sector is in dire straits due to chronic underinvestment, corruption and sanctions, so it will only be able to increase production to a limited extent in the near future.

The day before, Maduro's representatives agreed with the United Platform - opposition politicians supported by the United States - to hold presidential elections in the second half of 2024. International observers will be invited to monitor them.

https://www.moscowtimes.ru/2023/10/19/ssha-snyali-sanktsii-s-venesuelskoi-nefti-a110518

This means that in the near future, both social and economic situation in the country will change. And so will the oil market.
...unless, of course, the Venezuelan population decides to experiment on themselves once again and elect another populist socialist.
legendary
Activity: 2898
Merit: 1823
and with oil-rich regions like Saudi Arabia and Iran supporting Palestine.

The Saudi regime is a US backed dictatorship that is forced to support Israel. However, the cost of this support is seen over the past 12 days. Not to mention the people of Arabia support Palestine, despite the dictators. This makes things very complicated.

Not to mention Yemen, the country Saudi regime invaded (9 years) and has a beef with them is ready to find an excuse to break the cease fire and bomb them back to stone ages.

In short the Saudi regime is forced to support Palestine at least with empty words, they don't actually support it.


Didn't Saudi Arabia, or was it one of the other Arabian Nations, cancel their oil supply deal with Israel and that they started talking to Iran, thanks to China's help?

I should do more DYOR.

I believe the result might be, all deals between Saudi Arabia and the United States/Israel to increase oil production will be thrown out the window. There's probably going to be ANOTHER Oil Embargo as a possibilty.

Oil Embargo during 1973, https://en.wikipedia.org/wiki/1973_oil_crisis

Two days ago I would have said we are far from the possibility of an embargo, but because of how things change very quickly today we are much closer.

The tensions are rising very fast after the Israeli terrorists murdered over a thousand innocent people taking shelter in a Red Cross sanctioned hospital last night.

Even more so after Biden practically signed the death warrant of every single CENTCOM servicemember by officially saying they stand with the terrorists.

US bases in Iraq are being shelled as we speak (at least two airbases the Al-Harir and Al-Asad). Also Jordanians have stormed both US and Israeli embassies. Same in Iraq, Turkey, Egypt, Morocco, etc.

The events of next 24-48 hours can determine the size of this war. For example if US decides to respond to these small attacks, the attacks on US bases would increase in number and strength. Like what happened a couple of months ago in Syria.


Ser, I believe we as forum members should try to post our personal opinions more objectively. We can't do finger-pointing and name-calling to one side or the other. There might be some forum members reading the topic who's from Israel. It isn't they're fault, nor do they support war.
legendary
Activity: 3752
Merit: 1864
All opinions with reasoning have a right to life, it's silly to deny it.  I have one simple question - what in your understanding is the "New World Order"? I just want to understand how you evaluate or understand it. Different readings of the same expression can lead to senseless disputes because of equal perception of the essence. Some people, for example, think that it is "dedollarization" or, for example, "shifting the center of decision-making and influence towards the global South". So I will be glad to hear your position on the meaning of the expression "New World Order" ?
The World Order keeps changing every couple of decades and in that change different countries come to power, some lose their power entirely, sometimes partially. To put in three words, any new world order is the "shift of power". For example the Order before the last was a dual polar world where US and USSR were the powers. Before that it was UK instead of US.

In the New World Order, like other times, the power will shift. To which countries? It is not predictable, we can only speculate. But one thing is certain the last Word Order was the first time the world was unipolar and US reigned for ~30 years. That time has ended which simply means that all the powers US used to have over that time are going to slowly be taken away, some partially and some completely.

One of these powers were of course the Dollar and the endless printing of it followed by exporting the inflation to the rest of the world. In other words dedollarisation is only part of that transition.

But there is a lot more.
For example a lot of supposedly "international" organizations that were in reality American such as United Nations are going to either be dismantled or see a fundamental change to become actually international, maybe even change location to a more neutral place.
Another one would be that same exact acts won't be treated differently. For example when US invades a country it is the same as when Russia invades a country, as opposed to US invasions being called "war for piece" while Russian invasion be called "invasion"!

And a lot more. But how the world is going to be in the New Order remains to be seen because it depends on a lot of things like which players are going to rise to power and how much power each of them are going to have, how each country is going to get through this transitional phase, etc. and the transitional phase is chaotic by nature.

1. Regarding "world order", I have a slightly different picture and considerations, and therefore we are likely to talk about different things, and therefore we will never come to a result Smiley
Let me explain what I mean by the phrase "world order":
I will not go back to the times of Ancient Greece, I will choose 20-21 centuries, where it can be clearly and verifiably shown.
The world order after the First World War we may not take into account, but we can mention it. Then there was the longest period of the agreed "world order" - the "Yalta-Posdam" period. But this world order ended around 1989-1991 (the fall of the Berlin Wall + the collapse of the USSR). After that there were several attempts to create a new "world order". Not even attempts, but the features of a new world order/order began to "emerge". And yes, here we can recognize - the decrease of influence of the WESTERN WORLD, not only the USA, because the USA is not the world hegemon, no matter how much someone would like it. The world is becoming multipolar. But... not everyone sees it the same way. For example, China believes that the world became not MONOPOLAR after the collapse of the USSR, but BIPOLAR, where the tops are the US and China. Now there is a division of the world into 2 clearly defined "camps" - the Global West and the Global South. But even here everything is not very clear and understandable yet. Plus a third "hole in the world" is emerging - rogue countries together with terrorist countries of all types - from classical to economic terrorists, plus saboteurs and corrupt politicians/regimes.  
2 From your description it is more correct to speak not about the world order but about "US hegemony", although this is also debatable Smiley
3. Regarding "the US invades". I won't discuss the causes and effects and results now. But I will say one thing - the USA in the 20th-21st century did not invade a single millimeter of foreign territory to itself. Do you feel the difference? So the example is clearly not the best, especially in comparison with Russia. By the way - Britain/France/.... and many other "enslavers of foreign territories", in the second half of the 20th century gave freedom to all their colonial territories. And Russia? Smiley
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