You guys are idiots if you think the collapse of oil prices is because of some ingenious US foreign policy.
Our foreign policy is a cluster fuck at this point. Obama may have run a clean presidency and have been pretty good with domestic policy but his foreign policy leaves a lot to be desired.
And Israel certainly had exactly nothing to do with it.
No ingenious foreign policy at all. Taking out OPEC members in no ingenious.
However you only need look at what the US has done to the four OPEC members who were opposed to the US in 2001, to see where US foreign policy lies.
Syria? Fuck Syria, who cares about Syria? Not worth invading. The Ivory Coast? Where?
Libya, hell yeah, Libya is bad and evil and needs to be taken down instantly.
However it's not just this that has led to lower oil prices. However this has helped massively.
Well we're miles off topic but everyone else does it so why not.
I'd be tempted to disagree. first the Iraq oil is hitting the world market. The Iran oil is hitting the world market. Saudi can't afford to stop pumping, neither can Russia. And then there's the good ole USA. Drill baby drill. We're eeking every last drop from every last well right now and to hell with the future. The USA is swimming in oil at a time when renewables are growing by leaps and bounds.
Oversupply and lack of demand = collapse
And there's no end in sight.
Hell I read several articles today about prices going even lower over the next year or so and its effects on oil dependent economies.
US foreign policy should have foreseen this and made accommodations both at home and abroad. Now we have way to many well producing, way to few left for a time of need and renewables storming ahead regardless. The only thing that could have happened was a collapse in oil prices.
Well, the point here was that the US does steal and do all the other things the Israelis have been accused of.
Stealing oil? Well not quite, going around and making sure everyone does what the US does.
So, it's on topic, this isn't just Israeli logic, this is US logic too.
Yes, oil has gone down in price because of a lot of supply of oil. But why?
Well the US pumping out oil. However the US is not pumping out enough to cover 50% of its usage. China is there using a lot of oil too, growing and growing every day.
So, what happened? Well, OPEC decided to group together more tightly to make themselves lots of money from producing less.
The US and Bush reacted to this and decided to take out those leaders in countries that were not pro-US but OPEC. In 2001 that was Iraq, Iraq, Libya and Venezuela.
2002 was the coup d'etat against Hugo Chavez, the US didn't exactly hide its influence and money spending on this one, ironically by a part of the US govt devoted to developing democracy (by installing non-democratically elected leaders in place of democratically elected leaders. Go figure.)
2003 was the invasion of Iraq.
Sanctions against Iran and then Venezuela (the latter under Obama) and the bombing of Libya (again under Obama).
So, oil prices did rise because Iraq was taken off line, but Iraq is now pumping out far more oil.
You see the dip post 2000 when Chavez was playing games? You see a rise from there on in, until today when the Iraqis are producing far more than they've done in a long, LONG time.
This helps to reduce prices. Libya has reduced production because of the war. However US production has helped to reduce prices. With Iraq and the US pumping it out, OPEC is weak and there isn't the resolve for them to keep prices high, without Iraq, with Chavez gone from Venezuela, with Gaddafi gone from Libya, the Saudis are powerless. This is the point of US foreign policy.
So, stealing it might not be, but it might as well be. The US has gone out there and made this happen.
