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@careinke

A bit off topic:
Why the hell bomb SA Yemen?
************
http://www.internationalresourcejournal ... d_gas.html

With Norwegian production now passed its peak, oil and gas output is expected to drop rapidly within relatively few years, combined with the absence of major discoveries over the last decade, this will present a considerable challenge for maintaining value creation and a sustainable level of activity on the Norwegian Continental Shelf.

Care - Very interesting...thanks. I get the bucket philosophy: my shit bucket in Equatorial Guinea filled up much faster then my money bucket so I bailed. Between a couple of potentially fatal near misses and a front row seat watching the locals suffer at the hands of a homicidal dictator became too much.

And commuting half way around the world every 28 days wasn't missed either. LOL.

M_B_S wrote:@careinke

A bit off topic:
Why the hell bomb SA Yemen?
************

KSA and Yemen have always had border disputes. It's usually a Tribal thing, obviously Wahhabism has escalated things. I keep saying we should get out of this Shia Sunni conflict. Personally, I feel were backing the worst side.

careinke wrote:

M_B_S wrote:@careinke

A bit off topic:
Why the hell bomb SA Yemen?
************

KSA and Yemen have always had border disputes. It's usually a Tribal thing, obviously Wahhabism has escalated things. I keep saying we should get out of this Shia Sunni conflict. Personally, I feel were backing the worst side.

Thanks
OK Its a religious war in the whole middle east like 30 year war in Europe with 50% of the people dead on the battlefield Germany <=> Syria Lybia Iraq Yemen

https://en.wikipedia.org/wiki/Thirty_Years'_War
The Thirty Years' War devastated entire regions, with famine and disease resulting in high mortality in the populations of the German and Italian states, the Crown of Bohemia, and the Southern Netherlands. Both mercenaries and soldiers in fighting armies traditionally looted or extorted tribute to get operating funds, which imposed severe hardships on the inhabitants of occupied territories. The war also bankrupted most of the combatant powers.


Yeah there will be WAR!

careinke wrote:

M_B_S wrote:@careinke

A bit off topic:
Why the hell bomb SA Yemen?
************

KSA and Yemen have always had border disputes. It's usually a Tribal thing, obviously Wahhabism has escalated things. I keep saying we should get out of this Shia Sunni conflict. Personally, I feel were backing the worst side.

Far and above tribal or religious issues lies the fact that the Yemen's population has overshot the resources available to them. They are short of food, water and energy available for export. That rebels would try to seize power and threaten the much richer neighbor next door was inevitable and something we will probably see in one country after another as the ELM comes increasingly into play.
https://www.cia.gov/library/publication ... os/ym.html

That little war in Yemen may be eating up some of their sovereign wealth fund as well. It's expensive to do that kind of thing!

Revi wrote:That little war in Yemen may be eating up some of their sovereign wealth fund as well. It's expensive to do that kind of thing!

Yes it is bad when they get down to " Two bullets are enough to kill any _____!

Many of the export lands are having their demand destroyed, carefully so as to avoid disrupting their production.

MD wrote:Many of the export lands are having their demand destroyed, carefully so as to avoid disrupting their production.

Care to give us an example of where and how this is being done "carefully"?

vtsnowedin wrote:

MD wrote:Many of the export lands are having their demand destroyed, carefully so as to avoid disrupting their production.

Care to give us an example of where and how this is being done "carefully"?

""carefully"" is what I meant. Do you really need more detail?

Some of these countries, like Egypt and Indonesia need to do something to reduce consumption rapidly.

It might not be too fun for those who are reduced...

Revi wrote:Some of these countries, like Egypt and Indonesia need to do something to reduce consumption rapidly.

It might not be too fun for those who are reduced...

That is what I was coming to.

vtsnowedin wrote:

Revi wrote:Some of these countries, like Egypt and Indonesia need to do something to reduce consumption rapidly.

It might not be too fun for those who are reduced...

That is what I was coming to.

And it's just human nature to prefer the "reduction" happen elsewhere.

I think that there will be oil around, if the country has some kind of hard currency to pay for it. If not, they are out of luck. I think they might still have to convert their country's currency into dollars to pay for oil.

Revi wrote:I think that there will be oil around, if the country has some kind of hard currency to pay for it. If not, they are out of luck. I think they might still have to convert their country's currency into dollars to pay for oil.

If there is an economic collapse in the USA it might well come down to how many pounds of wheat flour will you trade for a barrel of oil.

vt - The "barter system" per se may be working with Russia and China. They've started trading without using the $USD. But will only work when the trade balance is fairly even. OTOH Mexico has a big trade imbalance with China. Mexico has very few commodities the Chinese desire. Mexico does have oil exports. But most don't know that the majority of that revenue is sent to back to US refineries for products and an increasing amount for buying US NG.

When a financial collapse really hits I'd rather be in the USA's position over Mexico's. Better yet might be Canada's.

They have a saying about the economy in Mexico. When the US catches a cold they get pneumonia. They are well aware of the situation down there.

I think the place to be would be Canada, or as close as we can get...

pstarr wrote:

Revi wrote:They have a saying about the economy in Mexico. When the US catches a cold they get pneumonia. They are well aware of the situation down there.

I think the place to be would be Canada, or as close as we can get...

Or halfway between California and the Pacific Northwest. It's a no man's land around here, 283 miles north of SF and 500 miles south of Portland, Oregon. With little or nothing in between.

Yes but you live there Pstarr which would be a major annoyance to the rest of us.