P!
Uh-oh.
Someone’s riling Gog.
The Saudis are about the most vile people on the planet. The only thing saving their vile azzes is us. If not for us protecting them, they would have long been overthrown.
It’s always important to remember that 15 of the 19 came from Saudi Arabia.
All those Saudi Princes allowances can be a drain
Those greedheaded Islamo Saudi slimeballs shouldn’t tease the bear.
Russia may be a shadow of its former self but they could still waltz into Saudi Arabia and set up shop without breaking into a sweat.
Silly Arab!
When the Arabs cause the Russians sufficient financial pain, and pose a sufficiently great threat to the Russian economy, the Russians may well nuke the Arab oil fields.
That would make their oil more valuable, and as only Muslims would be killed, most of the world would want to buy the Russians a round of drinks for their successful ‘direct reduction’ of the Muslim population.
“Never pull the bear’s tail” goes the folklore line.
Never pick the bear’s pocket, either.
;-)
Gazprom is one of the most corrupt and inefficient companies on the planet! It is no wonder that their whole system collapses almost right away.
Naimi is likely to find that the Iranians have an ally with deep military resources, who disagrees with the new Saudi perspective.
that must have hurt puttie putte’s putte.
Very stupid to poke the Russian bear when your own society needs other armies to defend it and is sitting on a powder keg.
The Saudis don’t care?
What happens when they can’t make welfare payments to the majority of their population that don’t work?
Wow! The Saudi arrogance is stunning. There are so many ways for Russia to break the Saudis; hacker attacks, financial attacks, bombing, invasion by a proxy state. We live in interesting times.
Using (1) to result in (2) is a lot more politically correct, and will be excused as an unintended consequence.
The US / Canada Hydrocarbon Production resurgence is looked at as the biggest threat to OPEC's grip on global markets.
whats not being said here, is that in Brazil,
going online very soon,
is a plant that produces fuel ethanol
from sugarcane bagasse.
if it works out this time,
all bets are off
This is the important part:
The problem with old fields around the world is that they need continuous investment in new wells, and they cannot shut old wells, because if they do, they will not come back up. So they are wary in that respect, particularly in West Siberia, where they have been producing for a long time and the wells there are declining.
http://uk.businessinsider.com/saudi-oil-minister-hints-russia-doesnt-deserve-market-share-2014-12
and this is the reason why the shale oil producers are immune:
In the full development phase, it may take as little as a few months from a capital investment decision to first production. Moreover, due to steep initial production declines, a new well often has full payback in one to three years.
Compare this to ultra-deepwater or international mega-projects that can consume five to ten years (or even longer) and many billions of dollars in development capex before first oil. Add to that the risk and cost of political instability, expropriation and corruption that are sometimes associated with non-OECD jurisdictions, or environmental and operating risk in ultradeepwater or harsh environments, and the cost-of-capital comparison is clearly in favor of simple, predictable and politically riskless shale plays.
As a result, shale oil operators can respond to a price signal with a production increase much faster than most of their non-shale competitors and are likely to gain market share in the upcycle, effectively at the expense of mega-projects that have much longer lead times.
http://seekingalpha.com/article/2780895-is-saudi-arabia-targeting-u-s-shales?ifp=0
2015 will be fine. The only risk is if Putin goes crazy and start something to disrupt the flow of oil from the ME. http://20committee.com/2014/12/23/beware-putins-special-war-in-2015/