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The oil industry killed Khashoggi

General discussions of the systemic, societal and civilisational effects of depletion.

Re: The oil industry killed Khashoggi

Unread postby KaiserJeep » Sat 27 Oct 2018, 14:47:51

Of course, what Pete is not telling you is that murder is endemic in Arab culture. Even the word "assassin" was derived in the 11th century from a despised group of "Hashishin" which literally means "hashish eaters". It was the 11th century version of a meth head.

Come to think of it, after pot got legalized, there are probably quite a few potential Hashishin up behind the Redwood Curtain. Hopefully, Pete's not among their number. (No offense intended, buddy.)
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Resistance is Futile, YOU will be Assimilated.

Warning: Messages timestamped before April 1, 2016, 06:00 PST were posted by the unmodified human KaiserJeep 1.0
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Re: The oil industry killed Khashoggi

Unread postby onlooker » Sat 27 Oct 2018, 14:49:59

It seemx thatthe intrigue in KSA is multilayered and deep. MBS, in fact is betraying US govt/corporate interests by NOT opening up to privatizing of Saufi assets as he seemed to have promised. Read all about it

The real reasons the knives are out for MBS

https://www.mintpressnews.com/the-real- ... w.facebook
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Re: The oil industry killed Khashoggi

Unread postby evilgenius » Sun 28 Oct 2018, 12:20:45

We're not allowed to know what the Saudi's position is in terms of peaking, but one thing is certain, they got totally whacked when America entered into the last recession. They got used to selling oil at such a high price that they built an infrastructure around it. Then oil prices collapsed. Now they have to continue to meet the expectations of that infrastructure. They thought they could do it by selling an interest in Aramco. As it's gone along I think they've realized that won't cut it. They may not be able to over supply and make money in volume like they once could, but that doesn't mean they have peaked. It only means the world has grown beyond that.

They bailed on the IPO because they realized they could bail on it in the face of rising US interest rates. They only had to stall long enough for the initial Trump euphoria to run its course. Then they could rely upon the Fed. Rates had to go up at some point. The rising rates will cut US production. It won't go down right away, but the Saudis can wait it out. When the time comes, they'll reintroduce the concept of selling off an interest in Aramco. In the meantime, with coveted dollars flowing into the country they should be fine, once the pump is actually primed. They won't have soiled the bed because they never slept in it. And it should be a good thing for the offering that it was touted once before and the reception for it was at least lukewarm.

They are not going to share power. They are not going to engage in a democratic experiment. They won't even do it if their safety is guaranteed. So, the largess from oil revenue is their only way of maintaining peace. They're staking a lot on the US not entering into another big recession, but only a controlled one out of which it recovers, then lowering the dollar and re-engaging the rest of the world, and can pay higher oil prices once again. I'm guessing the margins are actually pretty thin. If they get it wrong there probably will be a revolution. But this one wouldn't have anything to do with Iran. It would be an entirely Sunni led revolt. Just think of all of the terrible forces, like ISIS, that the Saudis have unleashed upon others, only now set loose domestically.

Just think of what could happen if the US does fall into a bad recession. The Saudi monarchy could go down. Whatever takes its place probably would still deal with the US, but would most likely harbor ill will toward it. The US could find itself on the outs with the entire region.
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Re: The oil industry killed Khashoggi

Unread postby charmcitysking » Thu 01 Nov 2018, 12:57:25

onlooker wrote:It seemx thatthe intrigue in KSA is multilayered and deep. MBS, in fact is betraying US govt/corporate interests by NOT opening up to privatizing of Saufi assets as he seemed to have promised. Read all about it

The real reasons the knives are out for MBS

https://www.mintpressnews.com/the-real- ... w.facebook


Thanks for that link OL. Really good piece
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Re: The oil industry killed Khashoggi

Unread postby onlooker » Thu 01 Nov 2018, 13:04:00

charmcitysking wrote:
onlooker wrote:It seemx thatthe intrigue in KSA is multilayered and deep. MBS, in fact is betraying US govt/corporate interests by NOT opening up to privatizing of Saufi assets as he seemed to have promised. Read all about it

The real reasons the knives are out for MBS

https://www.mintpressnews.com/the-real- ... w.facebook


Thanks for that link OL. Really good piece

Sorry about the typos :razz:
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Re: The oil industry killed Khashoggi

Unread postby onlooker » Fri 02 Nov 2018, 08:01:00

https://www.zerohedge.com/news/2018-10- ... -toxic-mbs
"The youngest brother of Saudi Arabia’s King Salman has returned from self-imposed exile to “challenge” Crown Prince Mohammed bin Salman (MbS) “or find someone who can,” reports the Middle East Eye."
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Re: The oil industry killed Khashoggi

Unread postby Cog » Fri 02 Nov 2018, 09:40:56

onlooker wrote:https://www.zerohedge.com/news/2018-10-31/crown-princes-uncle-returns-saudi-arabia-oust-toxic-mbs
"The youngest brother of Saudi Arabia’s King Salman has returned from self-imposed exile to “challenge” Crown Prince Mohammed bin Salman (MbS) “or find someone who can,” reports the Middle East Eye."


No where in the article does it say that he had returned to Saudi Arabia. He is in exile in the UK. He has returned to the spotlight of news, but not to Saudi Arabia.

Crown Prince Salman isn't going anywhere, much to the rage and chagrin of those who want him out.
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