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I am also leaving OPEC.
i was never in opec, that shit is for posers 🙄 like produce oil or don’t
This feels like a big deal?
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.
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!
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
That’s what I’ve been telling my therapist at least
I think they mostly do it to increase the amount they can extract? And also possibly to lower prices below competitor prices.
i know nothing, but probably exiting so they can sell oil for yuan instead of USD
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.
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.
nothing happenscels seething
Double AND nothing
Mr. saudi, you know what needs to be done
if saudi were rational sovereign actor (lmao), they would start funneling iranian and houthis attacks on uae, the oil price is primal for them
They were gonna be listening to rational ideas today but MBS is busy writing his screenplay like Chrissy from the Sopranos.
HABIBTI
Thank you!!!
MOE
I must be loyle to my king
mbs uncorking salafi preachers in uae like putin’s oldest vault
I mean just weeks before the Ramadan War kicked off, the Saudis and the Emiratis were basically engaged in a proxy war with one another in Yemen and elsewhere. Would not be surprised to see that get going again.
which would be a very convenient avenue for saudis to pursue, do the deal with houthis/south yemen puppet over al mandeb strait. unfortunately for them, that would lead to discoveries of lack of democracy, and they haven’t shown themselves to be good operators in diplomacy
A good sign that you’re winning is when all the people on your team are turning against each other.
I have some great news for Western communists, then.
😩 would anyone argue that we’re winning though?
I would rather associate myself with the global communist movement. Western communists not so much.
Right in the dollarinos!
OPEC? More like COPE amirite?
America snorting cocaine again LMAO
So functionally, they’re going to sell more oil in the future and at a cheaper price compared to competitors. Cause otherwise why leave the cartel? Also I guess this might also signal a shift to doing some non-dollar sales of oil?
Haven’t been following the news for a week so I can only speculate that the reason for this ranges from anything from trying to please trump by lowering prices to them trying to pivot to China.
It’s a classic case of historical materialism. There is only a couple different things that you can do, but for my money, they are going to try to seek out alternative protection. It is strange that they are leaving OPEC, but like, there could be a number of reasons. I don’t think it would be a pivot to the U.S., who just got their shit rocked, but it could be to stick it to Iran on behalf of the U.S. (they were already on the U.S.s side). The U.S. has lost the military conflict, but they could win the economic conflict. It would be rocket fuel for China, but the U.S. might (if it is rational, which they aren’t, so idk) be willing to take a solid second to China. The big problem is that I think they are underestimating the ability of countries like India, Vietnam, and Malaysia, to also use the cheap oil (and cheap solar from China) to rocket their economies. Their huge problem is lack of resources, and cheap oil means cheap resources. They have the labor force, they just need the capital goods.
The Origami Penis Enjoyer’s Club?
