Saudis Slash Oil Exports To US in Attempt To Drive Up Prices and Force Down Inventories

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Saudis Slash Oil Exports To US in Attempt To Drive Up Prices and Force Down Inventories
Captain KC Jones Offer Upgrade User ID: 76479860 United States 08/09/2020 11:07 PM Report Abusive Post Report Copyright Violation	Saudis Slash Oil Exports To US in Attempt To Drive Up Prices and Force Down Inventories (Bloomberg Opinion) -- For the second time in three years, Saudi Arabia is slashing the volume of crude it’s sending to America in an attempt to force down stockpiles in the world’s most visible oil market and thereby hasten the rebalancing of supply and demand. Weekly U.S. oil inventory data — usually published on a Wednesday and covering the period up to the previous Friday — is routinely pored over by oil analysts and traders alike. Despite their shortcomings, the figures give the most up-to-date picture of changes in the oil balance and influence trading decisions and crude prices around the world. Shifts in the flow of crude into and out of American ports can have a big impact on the level of U.S. inventories. Riyadh has clearly decided it’s time to do its bit to bring them down from heights reached in May and June, when the coronavirus pandemic and the kingdom’s own output hike combined to drive the fastest ever surge in U.S. commercial crude stockpiles. In the five weeks between March 20 and April 24, the inventories increased at a rate of 2.1 million barrels a day and by the first week of June it was hitting new highs. [link to www.msn.com (secure)]

Jake User ID: 77849624 United States 08/09/2020 11:48 PM Report Abusive Post Report Copyright Violation	Re: Saudis Slash Oil Exports To US in Attempt To Drive Up Prices and Force Down Inventories That only helps US oil drillers and exploration Go Trump! Evil controls the ignorant... Climate change is a hoax so is the vax you have been fear-porned into compliance! Definition Satan from the bible: Satan (Rev 12:7) exercising his subtle (indirect) impact on heathen governments (powers) – i.e. accomplishing his hellish agenda from "behind the scenes."
jkm1864 User ID: 77810344 United States 08/09/2020 11:56 PM Report Abusive Post Report Copyright Violation	Re: Saudis Slash Oil Exports To US in Attempt To Drive Up Prices and Force Down Inventories That only helps US oil drillers and exploration Go Trump! Quoting: Jake It's not helping because it needs to come up at least another 14 dollars. The saudis will lower exports and someone else will jump in and fill the gap. Pussy Grabber Extraordinaire
Jungleboogie User ID: 76648271 Canada 08/10/2020 12:30 AM Report Abusive Post Report Copyright Violation	Re: Saudis Slash Oil Exports To US in Attempt To Drive Up Prices and Force Down Inventories That only helps US oil drillers and exploration Go Trump! Quoting: Jake It's not helping because it needs to come up at least another 14 dollars. The saudis will lower exports and someone else will jump in and fill the gap. Quoting: jkm1864 The price of oil always stays artificially low prior to US election. Covid factor aside, it should jump bigly this winter. Embrace the cognitive dissonance.
Peter Quill User ID: 78126793 United States 08/10/2020 12:33 AM Report Abusive Post Report Copyright Violation	Re: Saudis Slash Oil Exports To US in Attempt To Drive Up Prices and Force Down Inventories Like that's going to work. We are a net exporter. Guardian

Anonymous Coward User ID: 78811053 United States 08/10/2020 12:34 AM Report Abusive Post Report Copyright Violation	Re: Saudis Slash Oil Exports To US in Attempt To Drive Up Prices and Force Down Inventories The last thing the American consumer needs right now is higher gas prices.
Cap’n Obvious User ID: 78963999 United States 08/10/2020 12:40 AM Report Abusive Post Report Copyright Violation	Re: Saudis Slash Oil Exports To US in Attempt To Drive Up Prices and Force Down Inventories That only helps US oil drillers and exploration Go Trump! Quoting: Jake And only hurts Saudi Arabia. We are just about the only country that paid full price for their Muslim oil. They have been heavily discounting to most other nations. Including China. A country they just signed a major nuclear deal with. Fuck the Saudis. We don’t need them. Let China get entangled with yet another foreign country... and then fuck China over and watch the whole lot of them fail. Have a nice day = GFY. GFY = Go Fuck Yourself. If this offends you then have a nice day.
M R E User ID: 71630411 United States 08/10/2020 12:42 AM Report Abusive Post Report Copyright Violation	Re: Saudis Slash Oil Exports To US in Attempt To Drive Up Prices and Force Down Inventories The last thing the American consumer needs right now is higher gas prices. Quoting: Anonymous Coward 78811053 Yup, that would be the nail in the coffin, flashbacks of 07/08, $4.06 in my area back then, makes me shiver Lol would rather have it & not need it then need it & not have it
Cap’n Obvious User ID: 78963999 United States 08/10/2020 12:44 AM Report Abusive Post Report Copyright Violation	Re: Saudis Slash Oil Exports To US in Attempt To Drive Up Prices and Force Down Inventories Like that's going to work. We are a net exporter. Quoting: Peter Quill Like that's going to work. We are a net exporter. Quoting: Peter Quill Countries need US dollars. My brother in law is on an Russian oil tanker that will buy oil anywhere that will take their currency - or will pay using another currency they have, including the last buy from the Brits - yes, crude oil from the brits and who knows where they got It from... then they head all the way over to Texas and sell it for the US dollar. The last trip, they were at anchor in the gulf for over two months. Have a nice day = GFY. GFY = Go Fuck Yourself. If this offends you then have a nice day.
Anonymous Coward User ID: 68965544 United States 08/10/2020 12:45 AM Report Abusive Post Report Copyright Violation	Re: Saudis Slash Oil Exports To US in Attempt To Drive Up Prices and Force Down Inventories Smart little fuckers. If we increase, we run a 60/40. If we decrease we run run a 40/60. The United States at current produces the most refined oil in the world. If they raise the price per barrel it would throw small or large oil companies in the US to try and regulate the price per barrel or ton. If you increase every barrel, it has to be increase across the board. Why? Market value. By increasing the price, they actually put smaller oil companies out of business! Clever little fuckers. May I remind OPEC, this is America. Fuck you. We always win!
M R E User ID: 71630411 United States 08/10/2020 12:45 AM Report Abusive Post Report Copyright Violation	Re: Saudis Slash Oil Exports To US in Attempt To Drive Up Prices and Force Down Inventories That only helps US oil drillers and exploration Go Trump! Quoting: Jake And only hurts Saudi Arabia. We are just about the only country that paid full price for their Muslim oil. They have been heavily discounting to most other nations. Including China. A country they just signed a major nuclear deal with. Fuck the Saudis. We don’t need them. Let China get entangled with yet another foreign country... and then fuck China over and watch the whole lot of them fail. Quoting: Cap’n Obvious China is cozied up with Iran! would rather have it & not need it then need it & not have it
Anonymous Coward User ID: 56363151 United States 08/10/2020 12:46 AM Report Abusive Post Report Copyright Violation	Re: Saudis Slash Oil Exports To US in Attempt To Drive Up Prices and Force Down Inventories Motor vehicle usage is down by a significant amount. Alot of industry that uses oil is down too. This isnt that big a deal for now.
M R E User ID: 71630411 United States 08/10/2020 12:51 AM Report Abusive Post Report Copyright Violation	Re: Saudis Slash Oil Exports To US in Attempt To Drive Up Prices and Force Down Inventories Like that's going to work. We are a net exporter. Quoting: Peter Quill Like that's going to work. We are a net exporter. Quoting: Peter Quill Countries need US dollars. My brother in law is on an Russian oil tanker that will buy oil anywhere that will take their currency - or will pay using another currency they have, including the last buy from the Brits - yes, crude oil from the brits and who knows where they got It from... then they head all the way over to Texas and sell it for the US dollar. The last trip, they were at anchor in the gulf for over two months. Quoting: Cap’n Obvious Petro dollars are mostly green backs, when the US dollar collapses things in the rest of the world will get much cheaper, we will find out what it's like here in the US when the rest of the world no longer excepts the reserve currency, hint: everything will go up in price like to the moon!! would rather have it & not need it then need it & not have it
Anonymous Coward User ID: 78107266 United States 08/10/2020 12:56 AM Report Abusive Post Report Copyright Violation	Re: Saudis Slash Oil Exports To US in Attempt To Drive Up Prices and Force Down Inventories True fact: The US has more oil in Alaska that the Saudi have.
MlCHAEL User ID: 75756457 Canada 08/10/2020 12:57 AM Report Abusive Post Report Copyright Violation	Re: Saudis Slash Oil Exports To US in Attempt To Drive Up Prices and Force Down Inventories Like that's going to work. We are a net exporter. Quoting: Peter Quill Like that's going to work. We are a net exporter. Quoting: Peter Quill Countries need US dollars. My brother in law is on an Russian oil tanker that will buy oil anywhere that will take their currency - or will pay using another currency they have, including the last buy from the Brits - yes, crude oil from the brits and who knows where they got It from... then they head all the way over to Texas and sell it for the US dollar. The last trip, they were at anchor in the gulf for over two months. Quoting: Cap’n Obvious Yes. The US Dollar was made the global trade medium of exchange following WW2. Or the Global Money that you use to buy what you want from the global market. All the Money in the world was fixed to the US Dollar following WW2. The US Dollar is still the one money that rules them all. Massive amounts of resources flowed into the USA at fire sale prices from all over the world to get US Dollars to rebuild their shattered systems following WW2. MlCHAEL
Cap’n Obvious User ID: 78963999 United States 08/10/2020 01:21 AM Report Abusive Post Report Copyright Violation	Re: Saudis Slash Oil Exports To US in Attempt To Drive Up Prices and Force Down Inventories True fact: The US has more oil in Alaska that the Saudi have. Quoting: Gucky Let the saudis run out... then they will buy from us at our artificially high price Have a nice day = GFY. GFY = Go Fuck Yourself. If this offends you then have a nice day.
Anonymous Coward User ID: 79247846 Mexico 08/10/2020 01:29 AM Report Abusive Post Report Copyright Violation	Re: Saudis Slash Oil Exports To US in Attempt To Drive Up Prices and Force Down Inventories Smart little fuckers. If we increase, we run a 60/40. If we decrease we run run a 40/60. The United States at current produces the most refined oil in the world. If they raise the price per barrel it would throw small or large oil companies in the US to try and regulate the price per barrel or ton. If you increase every barrel, it has to be increase across the board. Why? Market value. By increasing the price, they actually put smaller oil companies out of business! Clever little fuckers. May I remind OPEC, this is America. Fuck you. We always win! Quoting: Anonymous Coward 68965544 No, that´s not true. Nam, Korea, Afghanistan. Iraq. Syria.
Anonymous Coward User ID: 79249215 Serbia 08/10/2020 03:37 AM Report Abusive Post Report Copyright Violation	Re: Saudis Slash Oil Exports To US in Attempt To Drive Up Prices and Force Down Inventories (Bloomberg Opinion) -- For the second time in three years, Saudi Arabia is slashing the volume of crude it’s sending to America in an attempt to force down stockpiles in the world’s most visible oil market and thereby hasten the rebalancing of supply and demand. [link to www.msn.com (secure)] Quoting: Captain KC Jones The first part of that sentence (especially the bold part) is spot on. The second part... just isn't. So... we've had the CIA finally agreeing to help the Pentagon smuggle a recon unit ("former" green berets) into Venezuela... only to leak the whole plan to Venezuelans, and then play dumb/incompetent before the generals (i.e. "Shit happens!"). Way to go, CIA! Shreeeewd! Yep, it's all starting to make perfect sense now. After all, leaving U.S. without any source of oil (especially the closest one, in Venezuela) is one of key points of CIA's strategy (primarily the part of it aimed against the U.S. itself, but also for the rest of the world). What other "surprises" has the CIA prepared for the U.S. (and the world), I wonder... and eagerly anticipate to see.
Anonymous Coward User ID: 79249215 Serbia 08/10/2020 03:39 AM Report Abusive Post Report Copyright Violation	Re: Saudis Slash Oil Exports To US in Attempt To Drive Up Prices and Force Down Inventories True fact: The US has more oil in Alaska that the Saudi have. Quoting: Gucky I'd put it slightly differently. Something like... True fact: The US has more useless (EREI ~ 1)* oil in Alaska that the Saudi don't have (left).*
Soldier of Truth User ID: 14552968 United States 08/10/2020 04:54 AM Report Abusive Post Report Copyright Violation	Re: Saudis Slash Oil Exports To US in Attempt To Drive Up Prices and Force Down Inventories Thanks to trump we are energy independent. Can’t wait to vote trump in 2020 Soldier of truth
Anonymous Coward User ID: 79184988 United States 08/10/2020 05:32 AM Report Abusive Post Report Copyright Violation	Re: Saudis Slash Oil Exports To US in Attempt To Drive Up Prices and Force Down Inventories Game Of Thieves

Anonymous Coward User ID: 79197241 Australia 08/10/2020 05:57 AM Report Abusive Post Report Copyright Violation	Re: Saudis Slash Oil Exports To US in Attempt To Drive Up Prices and Force Down Inventories Like that's going to work. We are a net exporter. Quoting: Peter Quill end of story.
Master Fact Checker User ID: 79097586 Finland 08/10/2020 06:05 AM Report Abusive Post Report Copyright Violation	Re: Saudis Slash Oil Exports To US in Attempt To Drive Up Prices and Force Down Inventories That only helps US oil drillers and exploration Go Trump! Quoting: Jake And only hurts Saudi Arabia. We are just about the only country that paid full price for their Muslim oil. They have been heavily discounting to most other nations. Including China. A country they just signed a major nuclear deal with. Fuck the Saudis. We don’t need them. Let China get entangled with yet another foreign country... and then fuck China over and watch the whole lot of them fail. Quoting: Cap’n Obvious Saudi-Arabia has for a long time been the second most important US ally after Israel and has a big influence on the US foreign policy. America has been doing their bidding in the Middle East. What was the first country trump visited? what was the second? Trump: I have a great trust in the King and the Crown Prince, they know what they are doing. It's not a long time since Trump offered US troops to be planted as human shields around the Saudi Oil production sister, after the bare foot Yemeni Houthi rebels managed to hit them with drones. Pompeo has been negotiating more big arm sales to Saudi-Arabia. etc ...
Master Fact Checker User ID: 79097586 Finland 08/10/2020 06:08 AM Report Abusive Post Report Copyright Violation	Re: Saudis Slash Oil Exports To US in Attempt To Drive Up Prices and Force Down Inventories (Bloomberg Opinion) -- For the second time in three years, Saudi Arabia is slashing the volume of crude it’s sending to America in an attempt to force down stockpiles in the world’s most visible oil market and thereby hasten the rebalancing of supply and demand. [link to www.msn.com (secure)] Quoting: Captain KC Jones The first part of that sentence (especially the bold part) is spot on. The second part... just isn't. So... we've had the CIA finally agreeing to help the Pentagon smuggle a recon unit ("former" green berets) into Venezuela... only to leak the whole plan to Venezuelans, and then play dumb/incompetent before the generals (i.e. "Shit happens!"). Way to go, CIA! Shreeeewd! Yep, it's all starting to make perfect sense now. After all, leaving U.S. without any source of oil (especially the closest one, in Venezuela) is one of key points of CIA's strategy (primarily the part of it aimed against the U.S. itself, but also for the rest of the world). What other "surprises" has the CIA prepared for the U.S. (and the world), I wonder... and eagerly anticipate to see. Quoting: Anonymous Coward 79249215 You must be a QAnon disciple, only they have so outlandishly upside down idea what CIA is doing.
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Saudis Slash Oil Exports To US in Attempt To Drive Up Prices and Force Down Inventories