Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Special Report: Trump told Saudis: Cut oil supply or lose U.S. military support - sources
Reuters ^ | April 30, 2020 | by Timothy Gardner, Steve Holland, Dmitry Zhdannikov, Rania El

Posted on 04/30/2020 4:33:17 AM PDT by Oldeconomybuyer

click here to read article


Navigation: use the links below to view more comments.
first previous 1-2021-4041-42 next last
To: LesbianThespianGymnasticMidget
I am not averse to that. The problem is the screaming about free markets that would happen.

That's a bizarre rationale. Tariffs are some kind of violation of "free market" principles ... but production cuts under threat are not? WTF? LOL.

21 posted on 04/30/2020 6:16:33 AM PDT by Alberta's Child ("And somewhere in the darkness ... the gambler, he broke even.")
[ Post Reply | Private Reply | To 20 | View Replies]

To: AndyJackson

“They buy high and sell low.”

Not with this guy in charge.

L


22 posted on 04/30/2020 6:19:17 AM PDT by Lurker (Peaceful coexistence with the Left is not possible. Stop pretending that it is.)
[ Post Reply | Private Reply | To 17 | View Replies]

To: Alberta's Child

Optics....

Of course they are both violations of free (cheat) market (lack of) principles, but it is much harder to scream about the threat vs tariffs. Free markets are great in principle but the playing field is being tilted by the 800lb gorillas on the field. Fair market theory allows for putting your thumb on the field to level it. Trump merely put his thumb on the field and leveled it.


23 posted on 04/30/2020 6:28:07 AM PDT by LesbianThespianGymnasticMidget (Our parents/grandparents were called to war. We have been called to sit on the couch. We got this!!)
[ Post Reply | Private Reply | To 21 | View Replies]

To: Alberta's Child

BTW, to see more field leveling see Amazon, the Postal Service rates and small retailers. Again, thumb, field and threats.


24 posted on 04/30/2020 6:31:00 AM PDT by LesbianThespianGymnasticMidget (Our parents/grandparents were called to war. We have been called to sit on the couch. We got this!!)
[ Post Reply | Private Reply | To 21 | View Replies]

To: Oldeconomybuyer

Hard. Ball.


25 posted on 04/30/2020 6:32:04 AM PDT by moovova
[ Post Reply | Private Reply | To 1 | View Replies]

To: Oldeconomybuyer
We could have complete control of this situation!!! Just put a dang tariff on oil imports to prop up the domestic oil price to around $40.00 bbl and be done with it.

TARIFF OIL IMPORTS NOW MR. PRESIDENT!!!

26 posted on 04/30/2020 6:35:07 AM PDT by central_va (I won't be reconstructed and I do not give a damn...)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Alberta's Child
Impose a tariff of $20/barrel for all oil imports from any country other than Canada and Mexico. And make it a $50/barrel tariff on imports from any OPEC country.

Hear hear!!!!

27 posted on 04/30/2020 6:36:12 AM PDT by central_va (I won't be reconstructed and I do not give a damn...)
[ Post Reply | Private Reply | To 14 | View Replies]

To: Alberta's Child
Tariffs are some kind of violation of "free market" principles ... but production cuts under threat are not? WTF? LOL.

You are on fire today!!!

28 posted on 04/30/2020 6:37:07 AM PDT by central_va (I won't be reconstructed and I do not give a damn...)
[ Post Reply | Private Reply | To 21 | View Replies]

To: Behind Liberal Lines

No. This has nothing to do with Flynn.

This is about the Saudis trying to take advantage of the economic slowdown due to the Wuhan Virus and kill off many smaller oil suppliers that could go completely under at today’s global oil price. In the process, it is damaging to the U.S. domestic oil business at a time when too many other U.S. businesses are suffering due to enforced lock downs.

Trump’s action is not about any media conspiracies. It is about the U.S. national interest.

The Saudis have to understand our alliance must be mutual, not one way. They deny our interests at their own peril.


29 posted on 04/30/2020 6:44:47 AM PDT by Wuli
[ Post Reply | Private Reply | To 2 | View Replies]

To: Wuli
TARIFF OIL IMPORTS NOW!!!

While there is still time.

30 posted on 04/30/2020 6:45:52 AM PDT by central_va (I won't be reconstructed and I do not give a damn...)
[ Post Reply | Private Reply | To 29 | View Replies]

To: combat_boots

The Saudi royal bloodline should have been exterminated after 9/11.


31 posted on 04/30/2020 7:03:53 AM PDT by nonliberal (Sent from a payphone in a whorehouse in Mexico)
[ Post Reply | Private Reply | To 7 | View Replies]

To: Alberta's Child

“It just goes to show you how morally bankrupt and unprincipled we have become as a nation. We used to hate OPEC because they limited production to drive up energy prices. Now we want them to limit production to drive up energy prices. “

You are so silly sometimes.

There is nothing morally bankrupt in recognizing the even though the price directions back then and now are not the same, both have the Saudis trying to artificially create oil market conditions for purposes that have nothing to do with natural oil supply vs demand conditions.

When OPEC sought to drive up global oil prices it was political, to try to hurt western economies due to different perspectives, western vs Arab, over western Middle East policies, particularly regarding the Arabs of Palestine. We opposed the Saudi action because with the oil price increases OPEC was trying to extort different geopolitical policies from the west. There was no essential, natural supply demand problem supporting the OPEC price increases. There was nothing morally bankrupt about our opposition to what OPEC did at that time.

At this time, there is, again, no essential, fundamental, natural supply demand problem that calls for greater global oil production. In fact, the natural signals across the globe include depressed demand at this time due to extreme economic downturns resulting from the Wuhan Virus pandemic. The Saudis are again taking actions that have nothing to do with any natural supply demand imbalance. They are artificially creating, again, an imbalance between what the demand signals say the world needs, and what they are choosing to produce, in spite of depressed demand. Like they were before, the prices coming from the Saudis actions are driven by artificial means - intentionally over producing more oil than the world needs right now. Again, the Saudis are trying to artificially manufacture market conditions. There is nothing morally bankrupt about opposing what the Saudis are doing.


32 posted on 04/30/2020 7:11:43 AM PDT by Wuli
[ Post Reply | Private Reply | To 4 | View Replies]

To: nonliberal

Yup.

However, SA waived through “students” there on student visas, so at least some of the terrorists could have come from Iraq or Iran.


33 posted on 04/30/2020 7:12:19 AM PDT by combat_boots (God bless Israel and all who protect and defend her. Merry Christmas! In God We Trust!)
[ Post Reply | Private Reply | To 31 | View Replies]

To: Sacajaweau

Your thoughts are wrong.


34 posted on 04/30/2020 7:12:41 AM PDT by Wuli
[ Post Reply | Private Reply | To 5 | View Replies]

To: Oldeconomybuyer

Trump should go further.

Cut off all U.S. oil imports from OPEC or Russia (if there is any). That will support our domestic oil business and our non-OPEC oil partners.


35 posted on 04/30/2020 7:15:50 AM PDT by Wuli
[ Post Reply | Private Reply | To 1 | View Replies]

To: Alberta's Child

“The U.S. became the world’s largest petroleum producer a couple of years ago. Don’t you find it bizarre that the country producing more oil than anyone else is telling other countries they’re producing too much oil? “

Not at all. Nothing bizarre about the oil industry increasing use of available U.S. oil supply at a time when the global oil demand was increasing, as the global economy was growing..

What is bizarre is the holder of the largest oil reserves in the world, increasing oil production at a time when no one in the world who uses oil is seeking greater oil supply. In fact all the natural supply demand signals on oil today scream for lower oil production because there is depressed demand for oil.

What is bizarre here is you thinking the U.S. position is bizarre, because you cannot put anything in context.


36 posted on 04/30/2020 7:23:13 AM PDT by Wuli
[ Post Reply | Private Reply | To 14 | View Replies]

To: Oldeconomybuyer

Trump and Greta agree on something. Trump wants to revive OPEC to help domestic producers. Greta wants to revive OPEC to limit what she thinks is our morally bad energy use.


37 posted on 04/30/2020 7:46:40 AM PDT by Socon-Econ (adical Islam,)
[ Post Reply | Private Reply | To 1 | View Replies]

To: AdmSmith; AnonymousConservative; Arthur Wildfire! March; Berosus; Bockscar; cardinal4; ColdOne; ...

38 posted on 04/30/2020 8:29:20 AM PDT by SunkenCiv (Imagine an imaginary menagerie manager imagining managing an imaginary menagerie.)
[ Post Reply | Private Reply | View Replies]

To: Alberta's Child
It just goes to show you how morally bankrupt and unprincipled we have become as a nation. We used to hate OPEC because they limited production to drive up energy prices. Now we want them to limit production to drive up energy prices.

Nonsense. The main goal is for them to be responsible market participants. Yo-yoing the supply is not being responsible.

39 posted on 04/30/2020 10:48:18 AM PDT by glorgau
[ Post Reply | Private Reply | To 4 | View Replies]

To: Oldeconomybuyer
There is an obvious tipoff that this is fake news. AFAIK, we don't have any "troops" in Saudi Arabia, just the normal assortment of officers and some enlisted providing assistance with American weapons, instructors, etc. We have lots of troops in the smaller Persian Gulf states plus Iraq, but haven't had "troops" as such in Saudi Arabia for at least 15 years, and maybe more than that.

It is possible that Trump threatened something else related to military matters, which an editor cut down to "troops", but this is Reuters which lies constantly about the US in general and Trump in particular, so I wouldn't cut them any slack. This looks too much like more lies by Reuters.

40 posted on 04/30/2020 10:49:26 AM PDT by Thud
[ Post Reply | Private Reply | To 1 | View Replies]


Navigation: use the links below to view more comments.
first previous 1-2021-4041-42 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson