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lucidity [any, null/void]@hexbear.net to news@hexbear.netEnglish · 3 days ago

UAE Leaving OPEC

hexbear.net

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UAE Leaving OPEC

hexbear.net

lucidity [any, null/void]@hexbear.net to news@hexbear.netEnglish · 3 days ago
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  • Infamousblt [any]@hexbear.netM
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    2 days ago

    This feels like a big deal?

    • lucidity [any, null/void]@hexbear.netOP
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      2 days ago

      It makes it easier for alignment blocks to form. But one commentary I read suggest this is a reaction to a perception we are close to peak oil demand and wanting to sell as much as possible before going over that hump.

    • came_apart_at_Kmart [he/him, comrade/them]@hexbear.net
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      2 days ago

      probably, definitely the end (or at least the beginning of the end) of an era.

      the age of royal collaboration is sunsetting and now it’s every gulf monarchy for itself!

      • jack [he/him, comrade/them]@hexbear.net
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        2 days ago

        the age of royal collaboration is sunsetting and now it’s every gulf monarchy for itself!

        usually when autocratic monarchies with a despotic strangehold over their people start to turn against each other during an enormous global crisis centered in their region, they are all very stable and going to remain around for a very long time

        • Jabril [none/use name]@hexbear.net
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          2 days ago

          That’s what I’ve been telling my therapist at least

      • Crucible [he/him, comrade/them]@hexbear.net
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        2 days ago

        let-them-fight

    • gandalf_der_12te@discuss.tchncs.de
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      2 days ago

      I think they mostly do it to increase the amount they can extract? And also possibly to lower prices below competitor prices.

      • U7826391786239@piefed.zip
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        2 days ago

        i know nothing, but probably exiting so they can sell oil for yuan instead of USD

        edit: https://www.middleeastmonitor.com/20260423-uae-warns-us-it-could-sell-oil-in-chinese-yuan-if-war-disrupts-dollar-flow/

        • thethirdgracchi [he/him, they/them]@hexbear.net
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          2 days ago

          No chance. The UAE are the true dogs of USAmerican empire. The Saudis very well could flip sides and sell oil in RMB, but the UAE will go down with the ship. They’re more culturally Israeli than Arab.

          • Emanuel [comrade/them]@hexbear.net
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            2 days ago

            I don’t think so. The bourgeois are gonna bourgeois. All American empire dogs counted on Trump to protect them from Iran and he obviously failed. If it is more lucrative to trade with China, their bourgeoisie will do so gladly, I think.

    • TrustedFeline [she/her, comrade/them]@hexbear.net
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      2 days ago

      nothing happenscels seething

      • WhatDoYouMeanPodcast [comrade/them]@hexbear.net
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        2 days ago

        Double AND nothing

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