OIL: SLIP SLIDING AWAY!
Have you noticed that gas prices are down? Wonder why? Did you also notice in this last election cycle that that wasn’t even mentioned by the Democrats as an indicator of how well the Party’s President was doing? Wonder why?
And the biggest surprise is the gas prices came down EVEN WITHOUT the XL pipeline being approved! So much for that stupid argument which was stupid only because the shit oil being pumped out of Canada is for export only and has NOTHING to do with oil prices within the United States.
So what gives America?
Now Tubularsock put on his oily rubber boots with the American flag embossed on each boot and stepped right into the middle of the ooze. And here is what was discovered.
Never say Tubularsock is not willing to ooze the extra mile for your knowledge ………
You see in early November Saudi Arabia lowered its oil price per barrel.
Wow. What a nice surprise. And just in time for Christmas too.
You know how those Moslems love Christians.
Now some say that the Saudis did this because by lowering the world oil prices it would fuck up the Assad Government in Syria and put pressure on Iran as well.
And some say that the Saudis are trying to put pressure on North Dakota and it’s shale oil costs. That reasoning goes like this; the cost of extracting shale oil is expensive as opposed to just pumping it out of the ground in the Saudi’s established oil fields.
Driving the oil price down may force some smaller oil shale producers to slow production because they can’t recoup costs when oil on the commodity market hits below $80 a barrel.
And then some say that the Saudis lowered the price of crude to fuck up Putin and the Ukraine mess. Russia helps to balance its budget by selling oil. If the price goes down it puts the pressure on the Russian economy and the U.S. imposed sanctions put a bigger squeeze on the Russians.
Now the Saudis say that their influence is not as powerful as it once was and the world supply and demand has caused this dip in crude oil prices.
So Saudi Arabia dumping oil into the market is to just to get a competitive edge. Hmmm.
Just after Crimea voted to rejoin Russia Obummer happened to just drop in on Riyadh. You know, like gosh I was just in the neighborhood and thought we’d have a meeting.
“Leonid Fedun, a co-owner of the private oil firm Lukoil, cited President Barack Obama’s visit to Riyadh in March. “Obama travelled to meet the king of Saudi Arabia just after the Crimea events to push him to these actions (to lower the oil price),” Fedun, whose firm has large U.S. assets, said last month.” (Reuters)
New York Times columnist Thomas Friedman, wrote last month, “Is it just my imagination or is there a global oil war underway pitting the United States and Saudi Arabia on one side against Russia and Iran on the other?”
Tubularsock wouldn’t be surprised. Of course it must be just another one of those conspiracy theories.
In September U.S. Secretary of State John Kerry made a trip to Saudi Arabia because he was just passing through town. “When asked if his discussions had touched on Russia’s need for oil above $100 to balance its budget, he smiled and said: “They (Saudis) are very, very well aware of their ability to have an impact on global oil prices.”(Reuters)
But for Tubularsock the most logical explanation, the one that seems most reasonable is that Saudi Arabia has DECLARED WAR on North Dakota!
And the question which remains is are we as Americans going to just sit back and let this happen OR do we do what we do best …….. send in HUMANITARIAN TROOPS and bomb and drone and destroy North Dakota in order to save democracy!
The answer is really up to YOU America!
Oh well, there may be another thing for Americans to take a look at. Just maybe the price of gasoline can be manipulated by ahhh ……. somebody.
Usually the price of gas goes up and up and up when there is trouble in the Middle East but since there is no trouble in the Middle East the price of gasoline has gone down.
Funny how that works.
Tubularsock 