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/biz/ - Business & Finance


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56093257 No.56093257 [Reply] [Original]

>Does OPEC want western countries to collapse?
>Are Saudis and Russia trying to blackmail us?

How can we profit from high oil prices?

>> No.56093382

This is just front running of production cuts, the demand didn't change

>> No.56093425

>>56093257
Wym? Western countries are all racing as fast as they can to cut their own oil production as well. Biden has cancelled a zillion new private oil projects.

>> No.56093439

>>56093425
>Wym? Western countries are all racing as fast as they can to cut their own oil production as well. Biden has cancelled a zillion new private oil projects.

So what this is, a planned self-destruction?
Why?

>> No.56093441

>>56093439
jews

>> No.56093442

>>56093257
>>56093425
In the UK they introduced a windfall tax to oil and gas which made future projects unprofitable, resulting in cancellations:
https://www.telegraph.co.uk/business/2023/08/23/windfall-tax-forced-scrap-energy-projects-north-sea/

Biden cancels last oil and gas leases in the Arctic Sea
https://www.pbs.org/newshour/politics/biden-cancels-last-oil-and-gas-leases-in-alaskas-arctic-refuge-overturns-sales-held-by-trump

If anything I think the West they can't do it as explicitly and centralized as OPEC can

>> No.56093447

>>56093439
My guess is high oil prices = more political leverage to spend trillions on "green energy" aka launder money to their friends, institute climate lockdowns, whatever else they want

>> No.56093466

Cheap minerals and cheap energy is coming to an end.

The future is without washing machines, dishwashers, food processors, or vacuum cleaners. With 10 children who toil with you in a farm.

We are going back to that. So I am sure you will be happy.

>> No.56093586

>>56093439
we've reached peak oil meaning the cheap to produce oil is all gone. Manipulating prices up means higher profits. This is literally what happened in the 60s and 70s that toppled the gold standard

>> No.56093597

>>56093257
They want to make inflation sticky like in the 70s, so FED is forced to cause a nasty recession.

I'm thinking about getting out of the market. Not sorting, but just sitting in cash milking high yield savings

>> No.56093632

>>56093586
I wonder if they cut production was just because they can't pump more.

>> No.56093666

>>56093632
It's voluntary, they can pump more, but don't want to.

>> No.56093671
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56093671

OPEC
manipulating oil?
no fucking way, it's not as if that's the entire purpose of its existence or anything.

>> No.56093681

>>56093671
Also the US was manipulating oil prices downwards all last year through their releases from the strategic petroleum reserve. Maybe they invest more in their oil production instead of pretending they are being "green" and importing their oil from the middle east.

>> No.56093725

>>56093681
>invest more in oil production
the pressure probably came from the oil lobby itself dumbass. Oil producers across the globe are cutting production to tip the supply/demand scales to increase profits

>> No.56094021
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56094021

>we live in a twilight world
i'm the protagonist
every development about brics stopped being funny after a while since the risk of WW3 is getting higher and higher every time an event like on the OP occurs
suddenly dedollarization is not a funny retarded meme anymore, it's an alternative monetary system during war backed by gold and commodity, all those central banks buying gold make sense now
oil cut and saudi joining brics is to usher great depression 2.0 upon the west, high cpi + high rate
russia and china are always associated with the color red, NATO and AUKUS with blue, the 2 corners
this will be the biggest entertainment, global tier boxing match, like Mayweather vs Mcgregor, who's gonna pay since both of them athletes made banks? the viewers, you will pay, either with your money or freedom or life
it will be dedollarization, demilitarization and depopulation event, nato vs russia in Europe and china vs AUKUS in south china sea
i thought we could transition to one world cryptocurrency in peace but it seems every bretton woods event require a war accompanying it

>> No.56094236

>>56094021

What will happen if Trump win?

>> No.56094244

>>56094236
not possible

>> No.56094247

>>56093257
why are capitalist cucks like this? sucking the cock of supply and demand and free market economics until it negatively impacts their wallet.
>can no longer afford to drive 8 mpg shartmobile 130 miles round trip to job
>F-FUCKING PRICE MANIPULATING SAND NIGGERS!!!!
>THIS IS UNACCEPTABLE!!!!!!

>> No.56094268

>>56094247
>socialism would stop this xDDD

>> No.56094280

>>56094268
>demanding that people subsidize the energy demands of my unsustainable lifestyle isn't communism because.... IT JUST ISN'T, OKAY!!!!!!

>> No.56094766

>>56094021
Ok spic tranny

>> No.56095201

>>56094766
Of course the silver lining of all these is that incels will finally die as virgins