Topic: Oil price War will Bring real War soon in Middle east (Read 542 times)

Wars over natural resources occur periodically and quite regularly. Recently, we have witnessed increased military tension between Venezuela and Guyana, essentially due to the discovery of large natural oil reserves in Guyana. But due to dramatic climate change, wars may also intensify over the availability of fresh water, fertile soil and even food, if humanity does not quickly address the looming threat.

We here now again your accurate predict ons

Well.. initial trigger was not the COVID 19 outbreak.

In March, talks for supply cuts between OPEC (led by Saudi Arabia) and Russia failed and both the sides announced that they'll be lifting the upper limits for oil production and will pump as much crude as they can. Saudi Arabia in particular claimed that they will increase the production by at least 2 million barrels per day. This caused the initial slump.

During the last week of March, lockdowns were imposed in many countries and this resulted in a sharp drop in crude oil demand. For example, the demand from Italy went down by 85%. And obviously, the crude oil prices fell like a stone.

I have not really understood myself on the reason that the crude oil price has dropped to an extent during this covid-19 time. I'm thinking maybe demand has dropped and that is having effect on supply therefore, production is not going on as such. I don't know if my simple analysis is close to one reason because I understand that social distancing would not allow for movement and at least usage will drop in transport.

These days the price of Oil and petroleum in my country is really Low because of this Pandemic people don't really use such now and the company needs to lower their prices to compete .
yups they cannot afford to make a war now,they will either spend the Money for their people and economy or just Hold for future use as they are really facing bad times now.

Did anyone noticed that the Brent Crude is remaining above $30 per barrel for the past few days? A week ago, many of the analysts were predicting that it will fall below the $20 per barrel level. The West Texas Intermediate (WTI) is also staying above $25 per barrel. And this presents a very tricky situation. The vast majority of the shale oil companies in the United States will remain profitable at $20-25 levels. So if the prices remain at this level, then the primary aim of Saudi Arabia (the destruction of American shale oil business) may not be achieved.

With me it's easy, when I say I'm sure in something you can definitely trust me! When I'm not sure I never say that I am! And for the record I am sure in just few things!
Even this time I said it's my mistake, I'm not embarrassed to say that I am wrong, or that I made a mistake. I didn't claim that my information is accurate, whenever it's possible I share a source.
This is a short part about me in general, but how much can you trust me and in info I provide is up to you, and how much you know me. But I am a little guy, here is question about governments, corporations, entire media circus...and all others who use information for control, making money, for making all kind of wars, etc...

Do you know the fable of The Ant and the Grasshopper?
Here is Norway:
https://en.wikipedia.org/wiki/Government_Pension_Fund_of_Norway

So they did go down, but a day ago you said you were paying the same.
Now, answer me a question, after this, how much trust can I put in any info you provide? 

I wonder what Norway is doing during all this time, we all know they are a very social democratic country and everyone loves places in Scandinavian and so forth, they are always talked about as the perfect government to rule a nation and loved all around the world but lets not forget that Norway makes a lot of money from Oil as well.

Surely they are not oligarchy like Russia or they are not ruled like Arabic nations, so their Oil is actually going towards helping everyone equally to make the country a better place, but when something like Oil price fall happens maybe they are affected as well?

I really don't know what the situation is there right now and how the economy is doing there, with corona out as well and price of Oil down, how are they handling? Anyone knows?

It’s an economy and it wouldn’t get pass that, I don’t really think that this is going to lead to a war where these countries will start firing missiles at each other lol. But the question is , where are these countries really heading to? One thing for sure is that if they should continue this oil war they are just going to keep killing their economies.

Russia and Saudi Arabia has been the two countries that has triggered this oil, and it all started during this time the coronavirus outbreak started, and it’s part of the reason why the stock market crashed (I don’t know if should say it’s part of what lead to BTC crash as well ). Russia is just trying to inflict pain on US shale producers due to the sanction that was imposed on them.

I think the big countries will not damage the oil fields in their war, in a war of course it will cost a lot, if the oil fields are destroyed it will damage what they stand for. therefore other routes are needed to keep control of the oil field, but not cause damage. we can see what happened yesterday that did not cause a big war

Let's hope it doesn't go too further ahead because they do have a lot of money and a lot of people who are willing to die as well because that is their homeland and some people who are willing to just run away which in return all of it will cause a destabilization. Look at Syria right now for example, there was one thing that happened which was bad, which lead to something else that was worse and that all snowballed into a whole nation basically being horrible and millions of people all moving to different nations instead of staying at home.

If the big Arabic nations all go to war with each other, that may cause even more people to run away, we are talking about 10+ million people who live in different nations. That is not something that could be sustained, the current Syrian refugee situation is hard work as it is, with 10+ million people coming the same way would ruin all nations economies.

If the war will not escalate that much like the big countries will not participate in their war if it will happen then we have nothing to worry about it. Though it can effect the oil price but I am sure that big countries will find a way in order to either limit the damage of their war or put a sanction to their countries so they will be force to stop the war.

But let's just hope that it will not happen so we can live a peaceful life especially that we are currently facing a pandemic as of this moment, it will be a big burden if war will follow even if the pandemic is still there.

Stompix I can deal with the truth, it's not a problem for me! I just don't know what is truth and what's not!
Don't get me wrong, I don't wish to bring conspiracy theories, I was honest and wrote my source, I didn't do my own research. Point was that I heard different numbers, and asked how can someone like me be sure which ones are accurate.

I just checked the price of gas in Serbia. I get my paycheck every 15 in the month, the last time I bought gas! The prices went down a week after, 03.23.! But as I see it's a bit less than 10%. And yes I know that my country have high tax rates on gas! Tax is higher than gas.

Bottom line: This war will hurt Russia in short or long run, and of course some other countries that depend on oil. They started this oil war, so it's likely they will cut one of their hands, but they are either not aware of they are, but it will be ok if some others lose some limbs too!

I dont think that middle east will have money fofr war after such a big oil price drop

Do you see me wanting Russia and Saudi Arabia to go bankrupt as others want?
No, I'm simply stating a fact, and one fact is that Russia is back peddling 100 mph.

From them joining the price war and increasing production by 500k barrels they went to: "it's not the right time to do it" and then by actually decreasing production in April by a 100k since there is nobody who wants their oil, even at a discount.


Ask your government how much in gas price is the oil and how much tax.
Here even with taxes that make 50% of the price it has fallen from 1.21 euros to 1.02 per liter.
Watching graphs and statistics I can't actually find any country here price hasn't dropped in the first trimester of the year.

Since your second post on this forum is on the Serbian board, can you explain this?
https://www.globalpetrolprices.com/Serbia/gasoline_prices/
I see a 10% drop in the last month...


Oh, let's bring the conspiracy theories.
You know from a friend of your aunt's neighbor who saw a guy that looked like a friend of a guy that went to a movie with a colleague of a professor that knows those numbers are fake....

Ok, let's make shale as expensive as it can get and make the price at 0$ per barrel. right?
So the US government would have to subsidize 60$ per barrel, 600 million each day, it's still only 219 billion, and only 5% of their budget.

Sorry but this the truth and deal with it, every major oil exporter is going to feel the pain a hundred times worse than the US,  be it Russia Saudi Arabia, even Norway, and Canada, it's not about love or hate, it's about facts and numbers!

How can we talk about some kind of war? After all, people die. We can’t think that something happened to our family, then why do we talk so cynically about it...
I have a feeling that we don’t understand that war is not just news statistics.

By your words I could say you have some sort of grudge against Russia? Just asking

Wars don't do good, they just makes more grudge for future generations! I don't like wars, and I experienced several in my life. In wars mostly innocent people get hurt. In every war there are big players, and after every war some players drop from game, new ones appear, but basically for normal people it's same old, same old.
And now we see some games on this field, oil price as at lowest level in last, how many years? Why don't we have a cheaper gas on station! I still pay gas like I did a month ago!

Should we even talk about wars in the Middle East? They are in war there since ever, and some big players around helps them in that wars with selling them weapons! What a nice strategy, and again all we see is how some innocent people died just because they went to a market on one sunny day! Who cares, some people earn from weapons, some from oil, others have fields with opium, and business is going as usual.


Let's talk about numbers, it's always a fun part! Smiley Before I say anything I need to ask a question, can we be sure in numbers we see? Information needs to come from somewhere!
I didn't read much about this, but in a talk with one professor last week he talked about these numbers. So his is an educated person, he reads and follows what is happening around the globe, and he told me about different numbers. I can't remember exact numbers, but the point is that US share break is more expensive. So what is true! Too many sides

Personally I believe we are being manipulated! So I don't trust any government, for me all of them are one same shit! And they make wars to make profit, I understand that war, but what I don't understand is how ordinary and normal people start wars between themselves based on manipulated information's!?

With the current event happening around the globe; the spread of the corona virus that affected a growing number of countries, I don't think any country would not have the capability and time to enact a war. The war in oil have been going for quite a time but, I think this pandemic stopped it even for just months because, every country needs to focus more om the welfare of their people to survive the crisis.

This phrase alone shows you have no clue what you're talking about.

The US can't reduce the output because Trump wants so!
In the US oil production is not done by state-owned companies, it's not a shitty dictatorship like Rusia or Saudia Arabia where one guy dictates everything.
If one shale company doesn't want to reduce output it won't simple as that!
Putin can dictate how many cars are allowed the road in Russia but nobody in Germany can force Mercedes to produce x amount of cars or in Italy x tons of spaghetti.

https://www.reuters.com/article/us-global-oil-usa-output-exclusive/exclusive-trump-does-not-plan-to-ask-u-s-oil-producers-for-coordinated-cuts-official-idUSKBN21K2SC?il=0


Pulling numbers out of your know what again, right?