The Two Week Cease Fire Deal Is A Positive Development!

[kyzr]

They still have their nuclear material. Strategic Goal #1 Fail.

LOL, yeah sure, but its under a collapsed mountain in destroyed centrifuges where they can't get at it.

 

[Blaster]

Iran will probably violate the ceasefire agreement.

 

[kyzr]

Iran will probably violate the ceasefire agreement.

They just did since Israel is in Lebanon going after Hezbollah.

 

[Zincwarrior]

Not the straits, the Gulf of Oman, to get any tanker out of the ME.
The US Navy controls the Gulf of Oman and all points south.
Iran could never get a tanker past the US Navy, which would seize it.

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Lost nothing? Are you retarded? Their leadership, their military, their oil revenue, and their infrastructure.
Their country is on the verge of going back to the Stone Age. Is that "nothing"?

The regime is still in place.
They mad skads of money recently due to the hgiehr p[rices. their oil wa still gong through.
The regime doesn't give a shit about their infrastructure, or the civilian population.

Frankly we need to bail. If we want we should front resistance movements.

 

[Zincwarrior]

LOL, yeah sure, but its under a collapsed mountain in destroyed centrifuges where they can't get at it.

So why did we go to war if that had already occurred?

 

[schmidlap]

We didn't bust anything. They are still there. Their nuke stuff is still there. Their drones are still there. Now they control the Straits.

Time to attack to the rear and get out of there.

A deal between these chronic liars - with Bibi pursuing his disparate agenda - is less stable than a drunk with delirium tremens in a 7.9 magnitude earthquake on a frozen pond.

​

 

[Cellblock2429]

Thats still $30 higher than what it was.

/----/ I understand it's moving in the wrong direction for your tastes.

 

[Cellblock2429]

It only reduced world supply by 10%. The rest is just gouging and speculation. Nothing to justify the prices at the pump, especially in the US, which has zero supply problems; we don't import squat from the ME, and demand here certainly didn't jump.

The war caused some supply problems for our allies Japan and S. Korea, but they already had reserves built up. Soon the Alaska projects will be providing a secure trade route supply line for our Asian allies free from interference from psycho Islamo-vermin tantrums.

Korean firms explore stakes in $45 billion Alaska LNG project | AJU PRESS

SEOUL, September 15 (AJP) - South Korean companies are emerging as early partners in a multibillion-dollar plan to export natural gas from Alaska, signaling growing alignment between Seoul’s energy ambitions and Washington’s push to expand liquefied natural gas (LNG) exports.Posco International...

www.ajupress.com

This will also greatly alleviate the Panama Canal bottleneck. I hope they do shut down the Strait. The less money that goes into the hands of assorted ME thugs the better. Let the animals go back to raping each other's sheep and fighting over waterholes.

/----/ Oil is a global commodity. The ones selling it will ask for the going rate. That drives up the cost for everyone.

 

[Zincwarrior]

/----/ I understand it's moving in the wrong direction for your tastes.

Actually it went back up to $95. I have to pay this, I don't know what country you post from.

 

[EdwinAMartin]

/----/ Oil is a global commodity. The ones selling it will ask for the going rate. That drives up the cost for everyone.

I don't see why that should screw up our economy; we're the world's largest producer. The right always babbles about 'supply and demand' determining price, except when it doesn't.

 

[Cellblock2429]

I don't see why that should screw up our economy; we're the world's largest producer. The right always babbles about 'supply and demand' determining price, except when it doesn't.

/----/ That's an idealistic viewpoint. But they are in the oil business for one reason -- to make as much money as possible.

 

[EdwinAMartin]

/----/ That's an idealistic viewpoint. But they are in the oil business for one reason -- to make as much money as possible.

Which doesn't excuse gouging, or burglary, armed robbery ...

 

[Cellblock2429]

Which doesn't excuse gouging, or burglary, armed robbery ...

/----/ It's none of those. But you've made up your mind. Have a nice day.

For the rest of you: Business major here with 30 years experience.
If you sell below market price: You create a shortage. Buyers will rush to purchase your undervalued asset, often reselling it at the actual market price anyway (arbitrage), while you lose capital that could have been reinvested.

The Incentive Function​

Prices act as signals. If the price of a commodity like oil or grain rises, it signals to producers that they should produce more.

• By selling at the market price—even a high one—you are participating in a system that eventually corrects itself.
• High prices reduce consumption (conserving the resource) and encourage innovation or increased production, which eventually brings prices back down.

The "Fairness" vs. "Efficiency" Debate
From a purely technical standpoint, there is no "moral" value to a price; it is simply a data point representing what someone is willing to give up for an item.

 

[RoshawnMarkwees]

We have satellites for that

Not on cloudy days.

 

[EdwinAMartin]

/----/ It's none of those. But you've made up your mind. Have a nice day.

For the rest of you: Business major here with 30 years experience.
If you sell below market price: You create a shortage. Buyers will rush to purchase your undervalued asset, often reselling it at the actual market price anyway (arbitrage), while you lose capital that could have been reinvested.

The Incentive Function​

Prices act as signals. If the price of a commodity like oil or grain rises, it signals to producers that they should produce more.

• By selling at the market price—even a high one—you are participating in a system that eventually corrects itself.
• High prices reduce consumption (conserving the resource) and encourage innovation or increased production, which eventually brings prices back down.

The "Fairness" vs. "Efficiency" Debate
From a purely technical standpoint, there is no "moral" value to a price; it is simply a data point representing what someone is willing to give up for an item.

More avoiding supply and demand with a lot of BS.

Do you insist on paying European prices when you fill up? It's a 'global market n stuff', so why would you not? And yes, morals are to be avoided at all costs, except for the peasant employees, who aren't allowed to have the same morals as their bosses; they have to be honest and have principles.

Fact: WE produce oil, more than enough to meet our demand and them some. Zero reason to be paying 'global' prices for it. And, guess how much of it is produced on state and federal lands? And at ridiculously low royalty rates and lease charges.

 

[dudmuck]

More avoiding supply and demand with a lot of BS.

Do you insist on paying European prices when you fill up? It's a 'global market n stuff', so why would you not? And yes, morals are to be avoided at all costs, except for the peasant employees, who aren't allowed to have the same morals as their bosses; they have to be honest and have principles.

Fact: WE produce oil, more than enough to meet our demand and them some. Zero reason to be paying 'global' prices for it. And, guess how much of it is produced on state and federal lands? And at ridiculously low royalty rates and lease charges.

Most U.S. oil production is "light, sweet" crude, with approximately 80% of lower 48 production having an API gravity above 35, meaning heavy/sour production constitutes a minority of domestic output. While specific national percentages for heavy sour are low, nearly 70% of U.S. refinery capacity is configured to process heavy, sour crude.

how can you say we produce enough for our own demand?

 

[kyzr]

So why did we go to war if that had already occurred?

They were trying to get to it.
They also launched a missile at Diego Garcia.
They want to get nukes and ICBMs, they need to be disabused of those objectives.

 

[toobfreak]

Look what they are paying in the EU, and the weenies wouldn't help us open Hormuz...

You said it, they are weenies. The EU are patsies. Europeans are pacifist followers who take whatever is given them, just good little dhimmis now, so I place almost no value anymore on NATO or the UN.

Worse, the chumps have almost no military forces to send anywhere, without no one to guard their homeland. They are fully invested in the good life there on the Mediterranean sipping wine during their long, hot summer afternoon 2-hour lunches...

They will leave all of the heavy lifting to the people of the USA.

 

[EdwinAMartin]

Most U.S. oil production is "light, sweet" crude, with approximately 80% of lower 48 production having an API gravity above 35, meaning heavy/sour production constitutes a minority of domestic output. While specific national percentages for heavy sour are low, nearly 70% of U.S. refinery capacity is configured to process heavy, sour crude.

how can you say we produce enough for our own demand?

Because we do, that's how. The Gulf refineries here in Texas have been refining 'sour' crude for over a hundred years now. Your own post proves that. Try reading a history book. Plus, check out a map of pipelines in the US.

Now, throw in Canada and Mexico's production, and now Venezuela's.

 

[dudmuck]

Because we do, that's how. The Gulf refineries here in Texas have been refining 'sour' crude for over a hundred years now. Your own post proves that. Try reading a history book. Plus, check out a map of pipelines in the US.

Now, throw in Canada and Mexico's production, and now Venezuela's.

The shale revolution shifted US production to light, sweet crude. Only about 10% of lower 48 production consists of the heaviest categories.
This means most refineries here need imported oil, the heavy sour type, just like your Texas refineries do.