Topic: Oil price War will Bring real War soon in Middle east - page 3. (Read 594 times)

After a pandemic am pretty sure people will have a hard time dealing with a war .

Most countries have already opted with more non conventional methods and at the same time research is being done based on plant based fuel .

CNG is something whose value and popularity is increasing day by day , I do think that the war will be averted and people will opt for more renewable sources of energy.

Many bad impact with corona virus happen to the world where many product price going down and investment lost much money, now day we got oil world have crisis with lower price too after this cases and take many disadvantage by Corona virus, when this moment can't move soon maybe we will see many bad impact for economic world and get crisis.

That is a very pessimistic outlook on reality. Think about the people, politicians are trying not to induce war, it is the reason why we still soundly. Resource war is still far-fetch idea.

In international relations, there are no eternal friends and foes, only eternal interests. In the current geopolitical and geo-economic conditions, especially the United States with Trump and "American First", I think the policy taken by Putin to disagree with Saudi Arabia is rational.

The reason is that Mohammad bin Salman chose to acquire Lockheed Martin's Terminal High Altitude Area Defense (THAAD) system instead of the one promoted by Russia after six US-made Patriot batteries battalions failed to detect drone and missile attacks at Saudi Arabia's two main oil facilities.
Source: https://insidearabia.com/playing-for-higher-stakes-saudi-arabia-gambles-on-oil-war-with-russia/

Economically, in my opinion, the decision taken by Saudi Arabia is a mistake, because Saudi Arabia only thinks about meeting short-term economic needs rather than long-term security. As for Russia First, this policy has been carefully considered because, since the fall of the last oil price, Russia has been right and strengthened its budget, thus providing great financial protection. Second, high crude oil prices will only benefit US shale oil producers, if the price of crude oil is low it will cause economic losses to the United States and damage its ability to use international coercive devices in the form of sanctions. This is related to Russian interests (ROsfnet) in Venezuela.

So still 2 more days to go for the war? World war 3 right?

But is there any specific reason for your predictions or its just a trolling.

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Tired of different things due to this corona outbreak.Need a break now.

Nap...ZZZZ

Every country needs a leader who is mentally, economically, and politically wise enough to lead his people. War is never an option during times like that, there are more possible ways on how to overcome or solve a problem related to resources. It is normal to have a problem related to the market because the budget of each country is limited and allocated to other sector like what you've said military budget. Most especially that the Covid-19 pandemic is spreading, they also allocated some funds for that so they can fight the virus. All of the countries now are having a crisis not only in oil but the healthcare sectors who are front liners in the virus. Medicines, medical equipment, and scientist to discover the antidote or vaccine requires a fund so this should be the focus of the country as of now.

That's over-acting, it is impossible to have war without the government thinking what is its effect in other countries. You're just stating some false predictions, in just 7 days? It is possible if you say 10 to 15 years from now. Because it is true that the oil is being limited and that's the reason why its price goes higher but war isn't the solution for that. Government of the countries can talk about a certain issue about oil resources so it is more less likely to happen. War isn't the key when there is a conflict between two countries, there are a lot of options to solve the problem without even harming its citizen's lives. It seems like production of oil is being limited so that people will not waste it because it is a non-renewable resources and it can't be recycled to use again.

Putin makes many mistakes, not because he considers himself powerful, but because he has been sitting at the head of the country for more than 20 years, and is going to sit for at least another 15 years. And he will fight for oil with all his might, because the entire economy of Russia is oil and gas production.

USA is exporter of oil. Price of oil barrel will go definitely sub $10. Fracking industry will get pwned. Saudis & Putin mafia rules.

The oil price competition will never come not only within the Middle East nor any country will support this war If one thing goes its alternative must be something or something that nobody wants to fight therein will hurt their country. they're going to not take part case of an economic downturn this may be fixed again in support of the new Fiat currency.

The organization of Petroleum Exporting countries (OPEC) is an intergovernmental nations of 16 countries. The powerful of them all - Saudi Arabia. Let's look at some interesting statistics below,

Military budget:
Saudi Arabia - $67.6 billion
UAE - $22.7 billion
Iran - $19.6 billion
Algeria - $13 billion
Indonesia - $7.6 billion
Venezuela -  $7.45 billion
Congo - $7.15 billion
Angola - $7 billion
Qatar - $6 billion
Kuwait - $6.8 billion
Libya - $3 billion
Ecuador - $2.5 billion
Nigeria - $2.1 billion
Iraq - $1.73 billion
Gabon - $83 million
Equatorial Guinea - no info

Source: https://www.globalfirepower.com/defense-spending-budget.asp

For this reason, no one within OPEC will get into a war unless and until it is incited by some other countries outside OPEC. We need to remember, that not only Oil price is crashing. Every single market on earth is crashing and the issue is faced by every countries on earth. It's not about the oil only! Chill! no war would happen in imminent future!

Quite possible with the recession, the US government tried to stimulate the economy but no one is actually biting. Maybe this will start the real world war with the US backed against the wall, they will surely seek new source of money and middle east could be the first. If the stock markets continues to plummet then they may have to take action and this might be the end for fiat currencies.

In the current situation, there can be no war for oil. Now Russia is the main aggressor on the world stage. In the context of the impending global economic crisis, she is not ready to fight against all. It just ruins her. Putin already made a mistake by refusing, together with all oil-producing countries, to reduce the level of oil production, and now Russia has suffered enormous losses. After some time, these countries will be forced to agree on joint plans for oil production. It is unlikely that another scenario will be possible.

There will be no war, no one wants to go to war. Going to war in the middle of this current economic crisis will only leave more hunger and starvation besides, Iran won't be interested in any war because of having too many enemies in the gulf nations and around the world. OPEC nations that didn't save like Nigeria will go into economic recession. 

Attempts to branch out into tourism and real estate in dubai reflect the middle east's desire to diversify its holdings and wealth away from oil. This offers hope for middle eastern economies not being one dimensional or reliant purely upon crude to sustain themselves. Middle eastern armies with the exception of perhaps israel are not well trained or prepared to wage war against each other. Some like iran are so poorly trained and prepared they cannot launch missiles without unfortunately shooting down their own passenger jets.

War in the middle east due to declining oil prices doesn't appear to be a good prospect. There are political divides which could ignite under the right circumstances. Although I think its unlikely that will happen soon due to declining price of oil. Which are fueled primarily by declines in global transportation, shipping and trade.

Yeah right, in 7 days it will start and it will stop in the next 6 
There will be no war, why should there be any war between those countries in the first place?
All their interest are aligned when it comes to oil, if they go to war between them they both lose so they will simply pump more and more oil as they have the cheapest oil and they are going to look at which of the biggest oil produces are going to crumble first.
Venezueala? Nigeria? Mexico? Rusia?

By the time the US shale runs out of funds like the Canadian oil sands, these counties would have crumbled already.

A war between the oil producers?Nope!
On the other hand, Russia and the URSS defaulted twice during a low price oil and Nigeria isn't that better, you're looking at the wrong map.

And 7 days? Lol..

Middle eastern countries like Saudi Arabia are not ready for great scale of war, even if they are rich in oil, still they have weapons unlike USA, Russia and china. Only it could ask for assistance to it's allied countries in case they will go to war.

There will be no war, one cannot just take it and say: "The name of the country, you are bad, we are flying to bomb you." Saudi Arabia, on the contrary, helps the United States with cheap oil, because with every decrease in the cost of oil by $ 10, US GDP is growing by 0.2% in annual terms.

What kind of conflict are you talking about? As far as I know, OPEC countries adhere to their own plan, while Russia looks the other way and says that it is ready for this.
Everything related to oil is based on its pricing, and in no way can cause a conflict like a war.

The hidden war for oil always goes on. However, Russia now has so many different problems that it hardly dared to openly fight for oil. Now Russia has shown obstinacy and has not agreed to reduce oil production so that its price does not fall too much. However, after some time, Russia will be forced to agree on this with Saudi Arabia and the UAE, when they assess the possible losses.
Putin now imagines himself to be the most powerful emperor in the world, that he began to make a lot of political mistakes.