Tag Archives: Oil

Is no sense and nonsense the same?

I woke up from something and it nagged me a bit. It started last week when two idiots decided to treat a masterpiece of Van Gogh to tomato soup and yesterday I saw the wax museum where two royals were treated to pie slaps. The second was not as bad as the first, but it still nagged me. So lets give them what they want in a way they never wanted it. You see they import around 3310 GBP Million in oil per month. The bulk of it comes from Norway and the US. There is some from the Netherlands and Saudi Arabia as well and in previous years from Russia as well. So lets set them all to zero. And there is a small addendum. As long as at least one member of ‘Just stop Oil’ is still, alive the agreement cannot be stopped. I wonder how long it takes for them to realise that they are the cause of hardship? You see petrol in the UK is about 175p per litre (a small deviation between unleaded, leaded and diesel, but not much). I reckon within two weeks that price will go up to 355p or even 455p. Consider that there are 2,500 per million tradies and most of them rely on their vans to get around. This implies that their prices go up by a lot and that will have several negative impacts for some work will fall away. 

So how long until one of them will realise that a British wrench is also known as a murder wrench? And as long as even one is alive the agreement holds, no import of oil. You really think that they stand much of a chance with well over 150000 tradies wanting their skin? I think not and the larger problem is that these people are not that intelligent, they were coached by others. But that is not my problem, it will be theirs soon enough. So why don’t we give them what they want? We might be able to stop two problems all at once. Just a thought mind you.

I will let you decide if there was no sense to my idea, or was it all nonsense? Yet consider that these idiots will hurt a piece of art we all feel strongly about. At that point what chance to they have when we all lose our patience? 

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I’m not crazy, I’m an airplane.

It is an old joke from the 70’s, and when the NOS (at https://nos.nl/artikel/2440333-russische-bevolking-kampt-met-collectieve-depressie-sinds-inval-oekraine) is treating its readers to ‘Russian population suffers from collective depression since the invasion of Ukraine’ we get another part of Russia problems thrown into the face of daily events. We are also given ““Society is collectively in shock. I received a lot of people who were completely panicked. Since March there have been four times as many requests for a consultation at our clinic. Almost everyone is consumed with horror, incomprehension and fear. And they don’t know how to deal with that.” According to Khokhlova, this is a fairly natural reaction to such a drastic event. “Many people are reacting in this way to the terrifying news about Russia’s actions in Ukraine.”” It shows us a Russia that Russia does not want anyone to see. Apart from the events where we see more and more stages where Russian soldiers are now being charged with war crimes. A setting where President Putin was making short claims and this is now turning into a long term war, something that is embarrassing and humiliating to the Russian Kremlin. Not something it was looking forward to, it even nullified that chance, but that is merely the beginning of the problems, the problems go far beyond Russian borders. In the Netherlands, Dutch politician Thierry Baudet — leader of the Forum for Democracy (PvD) and the head of its parliamentary group is so pro Russian that it conflicts with the status of the Dutch, even when the Russians have to back down, this person will ‘hide’ behind the misrepresented ‘nuance’ of the statement. It is not the only nation with rather large issues, but it is the most visible one. There are two streams in all this. I am with the second one. It is a persons right to choose sides, no matter how wrong that choice is. However, there needs to be accountability, as such There will be larger issues for the Dutch Forum for Democracy (PvD) and the longer the war between Russia and the Ukraine takes, the larger there issues will be. And I reckon that its members are starting to see this, which means that the 5 seats that the PvD currently has, little with be left of it in the next election. 

In all this the mental state of the Russian people matters, because that gives a handhold to the actions of its current government. And even as we get sporadic information, often unverified. The larger setting for Russia is not merely the war, there is every stage that Russia needs its fuel to warm the houses of Russia and that is not looking too good, as I personally see it, the Russian fronts will have to do with 20%-35% less fuel, if that does not happen, many Russians will not survive the winter that comes and with large explosions on the Russian airfields, the Kremlin might have to choose in the very near future to either fuel the tanks they still have, or fuel Russian houses. It seems that the 10,000 bonus for women who have more than 10 kids was not a short sighted idea. (As one source gives us) ‘Putin brings back award created by Stalin that rewards mothers with 10 kids’ it could possibly be the only way they can stay warm this winter, and as such, has anyone figured on what life will be created? In a nation that is short of nearly everything? That is the short sighted knee jerk reaction from the Kremlin and it seems to me that Russia has much larger problems, mental health is at present possibly the smallest one of all. But that would be merely my speculated view on the matter.

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Place with a view

That is the stage, we have a view, we all have a view and we tend to have a point of interest. This ‘mess’ all started a few hours ago when I saw a three day old article on the BBC with ‘The public relations and ad firms refusing fossil fuel clients’ (at https://www.bbc.co.uk/news/business-62303026) in the first instance, it is fine to refuse work, it is not always clever, but I get it. We have all kinds of industries that we shun and it is fashionable to shun fossil fuel clients, but it seems a little hypocritical to do so. So when I see “Last year, she decided that Done! would become one of the now 350 advertising and PR firms who have joined a movement called Clean Creatives. Joining the movement means they pledge to refuse any future work for fossil fuel firms, or their trade associations.” I merely shrug it off. It is a little superficial and somewhat hypocrite to do so. 

Why?
Until ALL employees of that firm travel with all means that use no fossil fuel, they still depend on it. Until they have an Elon Musk battery solution for the house heating, the equipment running, they rely on fossil fuels. So to shun fossil fuel firms is a little hypocrite as I personally see it.

The article also gives us “The United Nations (UN) recognises that the burning of fossil fuels – oil, natural gas and coal – “are by far the largest contributor to climate change”. It says that they account for “nearly 90% of all carbon dioxide emissions”.” That is nice, but the facts are ignored, the MEDIA is doing everything to spin it into another direction. I discussed this in ‘Uniform Nameless Entitlement Perforation’ (at https://lawlordtobe.com/2020/12/10/uniform-nameless-entitlement-perforation/) There we see a report by the EEA (European Environment Agency) where the cover gives us that 1% of the plant are responsible for 50% of the damage, so what do people like Matt McGrath (according to some a journalist) state? “Global ‘elite’ will need to slash high-carbon lifestyles” Yea right. Fossil fuels are here to stay. If you wonder why, wonder why the US sells 73% of its oil and then sends President Biden with its hand up to the UAE and Saudi Arabia asking for more cheap oil. The article sounds nice, and it is nice that someone takes a step in any direction, but with staff shortages as they are they can make all the presumption they want. I wonder where those ideals stay when it becomes a dog eat dog situation again. 

So when we see “The fossil fuel industry uses advertising agencies and PR agencies to make it harder for governments to hold them accountable. And ads are misleading and make companies seem more committed to climate action than they really are.” No one is asking when will the media give us the larger game where the US sells 73% of its oil, in that they become the foundation of shortage, but we do not really get to see that story, do we?

Reality
The reality is that we all realise that we need to change gears, we need other solutions and it is there that we see the larger problem. The EU with 147 facilities that the media avoids. The larger station that there are options and Elon Musk has several of them and in 2 years no one made a clear step towards instigating changes that allow for a different approach to the need of fossil fuel.  Not today, not yesterday, not last week. The foundation of options has been out and about for 2 years. Governments all over the world have shunned these solutions, as such the story of some PR firms shunning certain players reads like a joke. Governments are at the centre of inactions, but we do not get to see that part, do we? And all this BS of making the fossil fuel companies the bad player is partly a joke. Yes, they are not innocent, yet the world needs oil, that is clear as day and until the people leave their cars at home they can bloody well shut up. 

So when we see the end of the article “A lot of agencies will come to the point where they have to make the decision if they want to be able to recruit the brightest,” says Ms Townsend. “The young ones don’t want to work with oil and gas [clients].” Yes, that sounds nice and it is good to have ethical boundaries, but lets be clear. The government, the media are all in favour or misrepresenting certain parts, why are they not illuminating that side? Or are we putting fossil fuels quietly with the weapons and gambling branches? Because that has worked so well in the last decade. For me? I am in a different field, but if I can make good money in a branch and it is not illegal, ethical choices when I see the media and governments play catch and release with the truth and facts too shallow for words. 

In the end, I have nothing against Marian Ventura or her point of view, she is entitled to one and she is sticking to her guns (as it seems). But to read this in the BBC whilst Matt McGrath goes on his ‘Global ‘elite’ will need to slash high-carbon lifestyles’ Don Quijote tour whilst the EEA gave us 1% of the facilities create 50% of the damage and he has not once, NOT ONCE taken a full page investigating that side of things, is just a little too hypocritical to my liking. 

But it could just be me, you judge, the December 10th article I mentioned earlier has that report. 

Yes there is a place, there are many places and they all have a view, but I have some serious issues with the view I am seeing.

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The media gets it this wrong?

That is more than a question, it is a statement and the ABC is joining the tool section of media. This all started today when I saw a piece by Stan Grant. The article (at https://www.abc.net.au/news/2022-07-17/joe-biden-upholding-rules-based-order-shaking-hands-with-killers/101242386) gives us ‘For Joe Biden, the price of upholding a global rules-based order seems to be shaking hands with killers and tyrants’ and the article is lousy from the start. We get “So this is what the global rules-based order looks like: US President Joe Biden sitting down with a Saudi leader with blood on his hands. US intelligence says Crown Prince Mohammed bin Salman approved the killing of journalist Jamal Khashoggi in 2018. His body is believed to have been cut into pieces and incinerated.” A little recap. The UN report (at [381]) gives speculation what had to be done, but there is no evidence of any kind that the CIA or other intelligence agencies had ANY realistic level of evidence that Khashoggi’s life was in danger, more important none of the evidence shows that there was a definite evidence. I saw one report that gives us that it was highly likely that a member of the royal family was involved. Lets repeat that ‘Highly likely’ and that is not evidence, as such the statement ‘sitting down with a Saudi leader with blood on his hands’ is a farce and pure speculation. In addition the statement “His body is believed to have been cut into pieces and incinerated” is equally speculative. Then we get to the statement “Osama bin Laden, who plotted the attacks, was a Saudi. Of the 19 terrorists who carried out the attacks, 15 were Saudi citizens. An FBI report has linked a Saudi diplomat to the attackers.” Lets look at that. The more correct version is “Osama bin Laden, who plotted the attacks, was a Saudi, trained by the CIA” as such the attack on America was done by a rogue CIA agent, but that is bad PR, is it not? Then we get “When it comes human rights, China ranks higher than Saudi, according to Freedom House.” Based on what data? How many nations were tested? These seem like harsh questions to ask, yet the writer added the line in the middle, so these questions are valid. Especially as Freedom House is added once in the entire text, the context is gone. In all this the Uyghurs might not agree with that statement, but behind every silver lining a new dark cloud is hiding. 

Is Saudi Arabia a perfect state? Not according to many in the west, not according to non-islamic people. I do not know, I have never been to Saudi Arabia, what I saw was from YouTube. I saw the Hajj today, I saw Mecca, a place that a christian will never visit because it is off limits to non islamic people. Am I upset? No, I am not. I reckon that there are places in Saudi Arabia I would want to see before Mecca ever graces my list. It is nothing negative, it is that Riyadh, Jeddah and Dammam have a lot to offer. I saw the video’s and they look awesome. I saw the Hajj, thousands of people united in one faith and these people are a mix of Sunni and Shias, praying next to one another in peace, more important they all have the same Quran. Try that in the western world. The Protestants and Catholics have been at each others throats for centuries and they still are. There are over a dozen version of the bible and they all claim theirs is the real one. There is ONE Quran! In the Mecca walk that someone posted I saw Mecca. I saw the streets, I saw a surprising amount of high rises. I saw Haagen-Dazs and I saw two KFC’s. I saw a shopping mall that is every bit as luxurious as the ones I saw in Sydney, Bangkok, Chicago or New York. I saw a vegetable store handing out bananas to passing people. Try that in London. I saw people happy and walking in joy. I think that we are more alike than unlike and it made me happy. The streets were clean, the people were walking all over and as they were closer to the Mosque, the pilgrims stood out in their white cloaks, all unified in faith. I can honestly say that I never saw such a sight in Lourdes. I saw no discord, It was an awesome sight. 

This all reflects back to the article. Is MBS guilty? No! He is not, is he innocent? I cannot tell because there is no evidence, and that what is there is warped. I stated that several times and there is something to say for the rogue agents. We have our own Cardinal Richelieu (1585-1642) to thank for that. Wasn’t it he who said “Oh, who will relieve us of these blasphemers?” No order was ever given, but the blasphemer was gone. Was this the same? I cannot tell, there is no evidence, but it seems clear that rogue agents were hoping for some reward. I like the response of one of the spokespeople best “Khashoggi doesn’t make the top 1000 of worries of the Crown Prince”, it is paraphrased. I tried to find the article again, but I was unable. Consider the facts, when Khashoggi was alive he was a mere columnist for the Washington Post. I reckon that less than a thousand non WP readers had a clue who he was. And now his name is stated in nearly every article that mentions Saudi Arabia or the Crown Prince Mohammed bin Salman Al Saud, have you not noticed that? So in this age, the US needs cheap oil and Saudi Arabia is the only source left for America. And in that race no one is asking why the US needs Saudi oil. You see America is the largest oil producer, followed by Saudi Arabia, Russia and China. In this day and age of everyone screaming to reduce oil, why does the US need Saudi oil? Perhaps the US needs to reconsider the stupidity they preach and come out clean why they need more oil. They are by several sources the largest producer of oil, so why would they need more? Perhaps I was right all along, to reduce oil usage one must redefine what is essential, it seems that the US is not doing that. But that side of the equation does not make it into the media, does it?

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The needy, the greedy and Dopey

Yes, a reference if ever there was one. Yet in the stage of an article that was the thought that hit me a second later. The article came from the Guardian titled ‘Fossil fuel firms ‘have humanity by the throat’, says UN head in blistering attack’. The article (at https://www.theguardian.com/environment/2022/jun/17/fossil-fuel-firms-un-head-antonio-guterres-blistering-attack) gives us all kinds of ‘information’ And we pause when we see “Fossil fuel companies and the banks that finance them “have humanity by the throat”, the UN secretary general has said, in a “blistering” attack on the industry and its backers, who are pulling in record profits amid energy prices sent soaring by the Ukraine war.” Yet the truth is not really that profound, is it? We can blame the oil dealers, but the truth of the matter is that for well over 20 years governments were dragging its heels in the investment that was essential for their nation, The US, the UK, Commonwealth nations, EU nations. None of them are without blame. And as such United Tony goes on a ramble of blaming. And with “They exploited precisely the same scandalous tactics as big tobacco decades before. Like tobacco interests, fossil fuel interests and their financial accomplices must not escape responsibility.” And where were the governments? Filling their pockets on that taxation. But that is something we do not get to see either is it? For centuries the world created a commodities environment and that should have stopped 30 years ago, or should have been deflated 30 years ago and now that the hole is deeper than one thought the blame game starts and the pointing fingers commences in earnest, but if you want to see the guilty party you only need to look into a mirror. 

And in the USA, where we see average diesel prices at $5.798. In November 2020 is was $2.462, in May 2008 it was $4.723, In June 1996 is was $1.179. This was a volatile market to begin with, there were clear warnings in 2008, which was 14 years ago and the 12 years before that there were more indicators. So where was the United Nations then? Where were the politicians then? So the tantrum the Guardian is giving us sounds nice, but the lack of actions is overwhelming as such we could go with the blame on ‘fossil fuel producers and financiers’ yet in all this where were the politicians, where was the media? The same media that shorted an EEA report that CLEARLY showed that 50% of ALL pollution was created by 147 facilities and I illuminated that in earlier articles, where was the Guardian at that point where its reporter was eager to blame all those jet owners? 

As such United Tony should get contemplate a decent grip on reality. 

So whilst we now see “The Guardian understands Guterres has been incensed by the recent behaviour of fossil fuel companies, which have been reaping a bonanza from energy prices sent soaring by the Ukraine war. Much of these bumper profits are likely to be invested in fresh exploration and expansion of fossil fuel resources.” All this with an earlier jab towards Saudi Arabia and the ‘need’ for President Biden to go there. Yes, there is a splinter of truth there, but the larger issues is that oil is a commodity, one many do not have and lets face it. The top three are United States, Russia, and Saudi Arabia. So if the US is one of the three top producers, why does it need Saudi oil? Did anyone consider THAT part of the equation? The US should have limited fossil requirements decades ago, but did they? So why is United Tony ignoring that part of the equation? And then we see the political ‘outrage’ with headlines like ‘Biden Was Always Going to Need Saudi Arabia’ and “Why Biden Needs Saudi Arabia: to produce oil and deter Iran” yet the simple truth is that Saudi Arabia needs to do what is best for Saudi Arabia and the US needs to produce more oil, or set the stage that less oil is required a simple setting that was out in the open for decades. Yet we also see a lack of actions from the United Nations and United Tony to set a clear agenda to LIMIT the need for oil. We see a lot of noise and we saw that for the longest of times, but how much ACTUAL actions were taken? Consider that one of the top three nations is appealing to Saudi Arabia to produce more. We get that he is not going to Moscow, we get that his actions are limited but this is a train-wreck from beginning to end. And the United Nations are a mere sample of Mukimono on the diner table and we need to realise this. 

So when we see “Fossil fuel firms ‘have humanity by the throat’” we want to blame, but who can we blame but our own reflection? So when people ask me ‘What did you do?’ I can say “I never bothered with a drivers license, I never owned a car. I walked nearly every day to and from public transportation” and in over half a century I only desperately needed a car LESS than a dozen times and they nearly all were part of moving day actions. Who else can make that claim? Yes, some call me Dopey for not having a car. Yet I saw people requiring $80 a week just to park the bloody thing, so who is the Dopey? Them or me?

Dependence on oil is a bad thing, but not addressing that need is worse. The politicians and people are mere junkies for the black goo. They can alter the language and give excuses but that is what a junkie does and those who wanted a solution found another way, so which nations have another solution? Yes, I reckon you will not be able to find one, even as New Zealand might be the closest to being one, it is in the same goo, just not as deep as all the other nations. 

It would have been nice for António Guterres (United Tony) to address the needy (US) the greedy (the political players) and tell the Dopey’s (the people) that the first step in addressing this problem is admitting to yourself in the mirror that you have one. Because the people are just as much to blame as anyone else. If you want to make claim that you are not the problem then leave your car at home for a week, for one week do without it. You will be surprised how many excuses you can come up with to grab the car, just like a junkie does. I feel fine, I have been without a car for half a century. So from the time we saw the Morris Marina until the Maruti Swift, I never had any of them. I get that there are times that a car is essential, we all get that, but I throw back at you that this year alone there are 1.446 billion cars, in 1970 the world had 200,000,000 cars. Over 50 years we saw a 723% growth of cars and some are essential, I get that, but 723%? We are all part of that problem, we drove the commodity of oil into the stratosphere and we are too scared (or cowardly) to admit that and the oil producing nations are having a great day, the Ukrainian war is merely an excuse. You see, 50% of that war (Russia) has its own supply and they have plenty. But that part is equally not illuminated. Why is that?

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And America loses yet again

Yes that is the setting. Al Jazeera dos not voice it in this way. They give us (at https://www.aljazeera.com/news/2022/6/11/iran-says-oil-sales-strong-despite-ukraine-war-changes) with the headline ‘Iran says oil sales strong despite effect of Ukraine war’ it shows that Iran basically gets a decent share of $120,000,000 a day, that amounts to $43,800,000,000 a year. That puts them on around the 45th best funded nation. So where are these economic sanctions now? They removed the nuclear monitoring camera’s, where is the action? Let’s be clear, this in not on the Biden administration. Yet their inaction will count against them, Iran is making a jester out of America and the Yanks are letting them. 

Iran is rubbing it in and the quote “Overall, the outlets said Iran has sold 40 percent more crude, oil derivatives, natural gas and gas condensate in the first two months of the current Iranian calendar year that ended on May 21 compared with the corresponding period last year.” And Al Jazeera is kind enough to give us “refraining from publishing detailed figures as the country remains under stringent US sanctions.” I personally do not see that many sanctions, not with a nation in 45th position for budget availability (out of 230). It seems that the US has failed yet again and the failures are adding up and slamming whatever credibility the US has left. It takes me to a side that is not indicative (but could be) on YouTube last week, some might have seen a video of a nightwatch falling asleep on the spot and shooting themselves. Some say hilarious, I think it is pathetic, but that is me. What followed was that someone told me “What if we give every American a weapon, watch them shoot themselves, walk in and call it South Canada?“ The man had a point and I for one had the smirk to consider telling Candace Owens what happens next. Especially when we see the Canadian State of Simcoe Monacan which is Ohio, West Virginia, Virginia and anything east of that. The state is named after John Graves Simcoe and the Monacan Indian Nation as per request by the First Nation, any southern state will have a one third representation from local natives. The Commonwealth accepted that requested for South Canada.  At that point will people like Candace Owens shout for the rights of people? I think that scream will be more like it, when the shoe is on the other foot the game changes drastically and that needs to be seen. Iran is playing a long term game and it is not far from completion. It is time for America to take a more active role in the downfall of Iran. If not for the US, then for Saudi Arabia, Israel and several other nations that are being pushed by Iran and even as I believe that they are getting more money, the tactics of Iran are starting to show well beyond the Yemeni borders. When they get of even one attack to the degree they are hoping for, the credibility of the US will drop to below zero. 

In this Patton was absolutely right (Patton, 1970) “Americans love a winner and will not tolerate a loser. Americans play to win all the time” and here we see the stage, the Economic sanctions were the move of a loser watching energy unfold and diminish. But that tactic only works if all participants are driven to that goal and with Iran they never were. That is how I see it, so whilst you wonder what the other states are called in the future, remember that Candace Owens forced Canadian hands, sometimes when we are in the markets we do the one clever thing, we avoid the screaming fishwives. A simple act, especially when the people decide that overstepping lines are unacceptable. But that is not the case is it? The long term actions show that failure and as we take tally, we better take tally of what else we are missing because the removal of 27 camera’s was planned, the question is why. It was not merely to show that the US failed, that the UN failed. That has been a known issue. What do the 27 camera’s allow for? That is the question I have and perhaps it is seemingly nothing, but that is not the case with Iran, is it? 

I will let you figure it out. I honestly do not know at present.

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Time as a factor

There are a few issues, I could sum them all up, but that is actually counter productive. You see, time does not adhere to anything, it is the big brother of nature, it creeps up on you and just when you think you have time left, it pulls the rug from under you and you have run out of time. The first example is ‘Energy shortage warnings across US’ the source does not matter (they are too busy using news as advertisement tokens) but the news can be found all over the field. And it is not merely the US, the EU (a Dutch example was given by me this year), the UK as well as several other places. With the exception of Saudi Arabia, Russia and a few other players, most are running out of energy options. There is a solution and Elon Musk and his energy solutions are part of the solution, I even gave a limelight on ‘Darkness through inaction’ (at https://lawlordtobe.com/2021/10/10/darkness-through-inaction/) on October 10th 2021 and even more around June 2020 with ‘Musings’ (at https://lawlordtobe.com/2020/06/18/musings/) there was more before that. I know Time, I have seen its many sides so I do know what running out of means. I reckon Elon Musk and others too. Driven to the next milepost they give the world more and more, but the governments and the greedy wannabe’s are making deals to take a sliver of that pie, willing to sink whatever saves them, because living in poverty is worse than death, so they will do whatever they can to stop the process, but now the energy shortages are adding up. We are running out of time and we might merely have 2 summer seasons left where EVERYONE can afford energy, after that all bets are off. So when we see the BS jerking around COP26, when we realise that we cannot evade oil and petrochemical solutions for now we see that those trying to bring us solutions are getting hindered by those who want to be in charge of it all, because energy becomes the next currency. Feel free to doubt this, but Saudi Aramco is now worth $2.3 trillion dollars making it the richest corporation on the planet. In less than three weeks it grew 15%, you still think I am full of it? And the Ukrainian mess does not help, as the EU and others refuse and ban Russian oil and gas, their situation bites more. A setting that was out in the open before the Russian situation started and it was out in the open. We merely ran out of time faster and I reckon that if the media does not openly expose those hindering some solutions are not given the limelight they deserve you will learn the hard way how expensive 2023-2024 will get. As I grew up I saw prices rise, but I never considered that essential needs like power, heating and food would become unaffordable. Time learned me that lesson the hard way. No matter how we look, we cannot see all elements coming for us and I like many (unless I sell my IP) will see heating, food, and electricity needs and like many others I will only be able to pay for two of them, so what will become out of reach for me? I cannot tell, it will be a roll of the dice.

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Retail 101

One of the oldest rules of retail 101 is that you buy cheap and sell as high as possible, that is how you create profit. Add to that the simple rule that you spend less than you earn and that will make you rich on the side. These rules are not new, they were old when the crusades started (ca.1095). 

So when the BBC (at https://www.bbc.co.uk/news/business-61188579) gives us ‘Oil prices have soared. Why won’t Opec bring them down?’ The setting of the American governmental license plate came to mind (Dee-You-Age). We get to see “Opec+ could also lower prices by putting more oil onto the market, which is what major importers like the US and UK want it to do.” Yes, and tarmac is made with liquorice. Opec+ has a good deal, there is a need for oil and they can set the price. The nations relying on oil have done pretty much ABSOLUTELY NOTHING to appease Saudi Arabia. We see the two largest suppliers (Russia and Saudi Arabia) but even though the US is not in that group, how much oil do they produce? 

And then we get “US President Joe Biden has repeatedly appealed to Saudi Arabia to increase its oil output, but to no avail. UK Prime Minister Boris Johnson also asked Saudi Arabia and the United Arab Emirates to increase production. He too was rebuffed.” In this the first part was that the US played a stupid game.

  1. A journalist no one gives a fuck about goes missing and for weeks the gossip and speculations start, even the United Nations get involved with shoddy documentation (as I personally see it). Realism tells us that something happened. Yet no one and I say again no one produced clear evidence. None gave any clear evidence of what had happened and Turkey who was playing the Iranian game made things worse. The United Nation document had issues, several players were not held to account, but that did not matter, they all got to attack the Kingdom of Saudi Arabia.
  2. The Houthi attacks and again the Iranian factor in this was openly ignored by the media. The non Arabic nations were not informed on houthi attacks with Iranian support on Saudi civilian targets. Coalition events were exaggerated, Houthi attacks were trivialised. 
  3. Saudi and SAMI needs were stopped and Saudi defence settings were halted. Now, the west can do that, they are allowed to. Yet in that, the Saudi’s have absolutely no need to increase production, do they? If the west was so clear on their needs, they would have increased non-oil options two decades ago, but that did not really happen, did it?

Three clear events that are now biting the hands of the US and the UK, Saudi Arabia is willing to look after its friends, but these two have not really shown to be friends, have they?

And in all this Russia is enjoying what is happening, because they do not have to do anything else but watch the cost of living in the US, UK and EU to rise to almost impossible levels. A stage we never wanted and perhaps those tea ladies from the CAAT are now in a stage where they can afford the tea, but they can no longer afford the cookies. There is an opposing side to almost everything and the simple truth of protesting without understanding what was going on is now taking its toll. But the CAAT had its limelight shots in the newspapers. It is lovely to see those pictures, just too bad that the price of that limelight ended up costing some people billions and under those conditions the UK can pretty much kiss their cheaper oil goodbye.

In all this, I wonder what the CIA did last month, what they offered the Kingdom of Saudi Arabia, because the current administration has pretty much destroyed whatever options they had. As I see it, by the rules of Retail 101, the US has only one option, to open whatever weapon sales it can get without restrictions and with a full service package. I reckon that alone is required to lower the oil prices by 10%, they need a lot more, but as such the players will have to offer more and they need to realise that the loud words of ‘no oil’ and ‘end petrol needs’ were merely that, words. It will happen, there is no doubt in my mind, but I doubt I will be alive to see those days, I reckon kids who were born after 2000 will have a decent chance to see the end of a petrol based economy whilst they are still alive. I doubt that it will happen before that. In this, the entire stage of the BBC article was to some degree needed, but they should have given the people a slightly better information ring. Like the interactions of OPEC and airlines. You see over the last 15 years we added a total of 41000 additional flights a day, why? There is also a lack of the American numbers, how much oil do they produce and why can they not produce more? Two simple elements in this equation missing, why is that? 

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A symphony in only two parts?

That is the question at times. We see two events, two articles and we forget that there are a dozen other connections. I am not different, at times I overlook them too, not always but frequently. It is a mix of a larger stage, more connections, more unregistered events. Yet for now we start with the first nail in the coffin of American economy. The article from Reuters (at https://www.reuters.com/world/middle-east/saudi-arabia-invites-chinas-xi-visit-wsj-2022-03-14/) gives us ‘Saudi Arabia invites China’s Xi to visit’, the article states that this could be as early as may. Right before the Midterms in November 2022 the US is now likely to face that dozens upon dozens of billions walk from the US side straight into the hands of China (and me missing out on commission, darn). Is this a given? No, of course not. There could be a dozen reasons why President Xi Jinping might be visiting. But how often has ANY Chinese president done that? And Crown Prince Mohammed bin Salman Al Saud is eager to set his defence and SAMI to higher values and I was clear in the two years that this was coming and as far as I can tell, President Biden has soured the waters enough for this to become a reality. Some focusses on weapons being sold, I say in THIS economy you should not ignore the nations Saudi Arabia, India, Egypt, who are the largest importers. In this stage where the US HELD 37% and China only 5.2% the stage is now set where China can progress a lot higher on that list and should they get the bulk of Saudi and SAMI attention there is a clear stage where the new numbers will represent (2023/2024) could state that the US hold 25% and China then could be holding 17.2%, it then places China right next to Russian exports and the US a lot more to that stage, a stage where it is now an almost fair fight between the US, Russia and China, but to be clear was that EVER an economic stage where you WANT a fair fight? A stage where China overtakes both France and Germany as supplier? This is the stage that could inhabit the Middle East and that is merely the beginning. You see the partnerships that the Kingdom of Saudi Arabia and Egypt have also sets Egypt in the sights of China as a defence trade partner, a stage a few people overlooked and that drives Chinese export achievable needs up a lot more. So the damage to the US might increase over the coming year and those who want to be in denial, go right ahead, the article with ““The crown prince and Xi are close friends and both understand that there is huge potential for stronger ties,” the report quoted a Saudi official as saying. “It is not just ‘They buy oil from us and we buy weapons from them’.”” I like the part “It is not just ‘They buy oil from us and we buy weapons from them’” the best, it might not be merely just, for China that is a good deal in several ways and when that deal gives China more oil, it will mean that it gives the US less oil a stage they feared for some time and the oil market has been volatile on these fears alone. So when I was mentioning that whatever relief the oil prices give us today, tomorrow will be different and now we see that fear come to fruition, not immediately mind you, but the price of fuel will go up again and again, how high? I cannot tell but the stage where we saw the American administration make statements like “You can pump more oil, so pump more oil!”, it was nice but there is now every chance that the extra oil (plus a little more) goes to China. Will the UAE do the same? I cannot tell, but the US better become best buddies with Sheikh Khalifa bin Zayed Al Nahyan and Sheikh Mohammed ibn Rashid Al Maktoum, because if I see this right, the US will need every friend it can muster in their oil needs (a few others too) and in that need they better realise that catering to Iran will not merely be unrewarding, it will soon become dangerous on more than one field as well. I mentioned two years ago that yielding the Middle East to China would be one of the most dangerous things ever, and that was merely economically. Now we see one field exposed and the construction opportunities in Neom could also go towards China, a stage that makes the US (EU too) more and more irrelevant, a stage the US themselves threw upon their own economic needs. Now that it is becoming more and more realistic these people will not be allowed to cry with the “Why oh why” statement like little chihuahua’s. Or as my grandmother used to say “You do not bite the hand that feeds you” a practical lesson that the US will now face within the next 3 months and the 2 years that follow. A stage that the Biden Administration failed to spot in some stage of ignorance and now as we see it optionally unfold (it might be that President Xi Jinping is visiting to buy real estate in Neom) some might see the dangers that are coming the next year or so and the impact over the next decade. I merely loose out on commission (oh, poor poor me). 

 

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Two issues connected

It is easy to see the connection, but at that point one wonders whether the real connections are made. The first article is ‘White House faces oil standoff with Saudi Arabia and UAE as prices soar’, the article (at https://www.theguardian.com/us-news/2022/mar/13/white-house-us-joe-biden-oil-output-prices-saudi-arabia-uae) gives us “Saudi Arabia’s de facto leader, Mohammed bin Salman, and his counterpart in the United Arab Emirates, Mohammed bin Zayed, are yet to agree to a phone call with the west’s most powerful man”, my takeaway is the question whether the ‘west’s most powerful man’ is actually that. We also get “Each capital is a major supplier of oil, with excess capacity, which would soften the effect on US consumers through fuel prices before midterm elections in November that threaten Democratic control of Congress” and this is enough for article one. We see a few issues, the oil pries are still soaring and so far that so called most powerful man has not really achieved anything, has he? 

In the second article called ‘Iran suspends talks with Saudi, slams Riyadh’s executions’ (at https://www.reuters.com/world/middle-east/iran-suspends-talks-with-saudi-arabia-nour-news-2022-03-13/), which is kinda hilarious, especially as Iran had 299 documented executions in 2021. Yet the story also gives us ““Iran has unilaterally suspended talks with Saudi Arabia,” Nor News said, without providing a reason. It said no specific date had been scheduled for a new round of talks”, not unexpected, but that is the effect of diplomacy with a toddler like Iran. You see I think there is more to it. I think Russia is trying to put the pressure on the west, the US is the weakest with its ‘nuclear deal’ ego. And as Iran suspends talks they continue to enrich uranium. Delay after delay until it is too late. 

Am I correct?
To be honest, I am not certain, I could very well be wrong. But consider Russia entanglement in the middle east and especially with Iran, it wants to play tits for dad (oops) by withholding the milk (oil) and this play seems to be actually working out. President Biden did this in part to himself. And now the larger stage is pushed into directions it should not have been going in. Yemeni’s and Syrians feel more and more betrayed by the west, and honestly, I cannot blame them for that. 

My issue is that Russia is playing a way too dangerous game, as they are now part of the delays, Iran might finish what it wants and when that goes the wrong way and Israel gets its first nuclear detonation, the bars are sealed. The USA must prove its word or be seen as flaccid and irrelevant on the political stage. And their play (as I mentioned in previous articles) in the Kingdom of Saudi Arabia was badly managed and even worse constructed and now that the US is desperate for cheaper oil they will feel the sting of biting the hand that was feeding them. It was bad already and now there is every indication that Russia is making matters worse via Iran. 

Russia is the connection. It is souring the Nuclear deal, and it has a handle on the Middle East to some degree, how much I cannot tell, but some who can are not talking (for obvious reasons) and that sets the sliding scales for the US who is now on a worsening scale economically. Even as some state that oil prices are going down, I personally feel that it is temporary. It is nowhere near the old price and there are chances that it will go back to $123.70 (March 8th) and optionally higher than that. President Biden could influence it positively, but if he does not succeed then the first sign of failure is shown and the Russians want that because for them the Republicans are easier to deal with (allegedly). For President Biden it all hangs here, He is down in the senate, but if he loses even one more seat the senate will be overwhelmingly republican and that COULD happen. He has a majority in the house, but only by 11 seats and there is no guarantee that he can hold onto them. When the house is lost as well, the Democratic Party will find obstacle after obstacle and that is what they signed on for. 

The failures in the middle east, especially Iran will haunt this administration for a long time to come. And the oil prices? Well that is still up n the air, but there are indications that this will not go their way either, it is wholly due to the way they dealt with the Kingdom of Saudi Arabia. 

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