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Author Topic: WTO tariff on preditory pricing of crude oil.  (Read 13828 times)

Offline synchro1

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Re: WTO tariff on preditory pricing of crude oil.
« Reply #15 on: February 16, 2015, 10:20:42 PM »
You should really study history more.  The west attacked Iraq because Iraq invaded Kuwait, with whom the US had a treaty to protect them.  We (The US) kicked their butts back to Iraq and Iraq signed a peace treaty which was the only reason Schwartzcoff did not go into Baghdad back then.  Part of the treaty they signed established a NO FLY zone as part of the agreement.  They also said, as part of the agreement, that we could send in nuclear inspectors.  They agreed to all of this..in writing.

Then, after over 900 missiles were fired at our planes patrolling the no fly zone, and Iraq having kicked out all inspectors, Bush went to the UN 17 times to get a resolution.  17 times....not once or twice.  After finally getting the resolution, we did indeed invade Iraq.  Congress all voted for this war effort as well.

So, I disagree with your premise of invading simply to adjust the price of oil.  It is not factual.

Picture, after Japan signed the WWII peace agreements and then a few years later, they opened fire on US ships in their harbor.  Would you not think that the war would be back on again?  Of course it would.  This is exactly what happened to Iraq except, Bush took too long (In my opinion) asking Congress and the UN (who the hell is the UN anyway?) for permission.

So you think Iraq shooting at our planes was not a violation of the peace treaty and NOT an act of war?  One time would have been enough for me but, we waited until over 900 missiles were fired at our planes.

Bill

@Pirate88179,

Your account's pretty accurate with the exception of one major feature; Iraq was strapped with an embargo for over a decade, that limited exports to milk for children. The regime change was aimed at eliminating the export embargo quotas. I remember Donald  Rumsfeld greedily running his hands over fists forcasting "Windfall" profits.

Free Energy | searching for free energy and discussing free energy

Re: WTO tariff on preditory pricing of crude oil.
« Reply #15 on: February 16, 2015, 10:20:42 PM »

Offline Pirate88179

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Re: WTO tariff on preditory pricing of crude oil.
« Reply #16 on: February 16, 2015, 11:07:54 PM »
@Pirate88179,

Your account's pretty accurate with the exception of one major feature; Iraq was strapped with an embargo for over a decade, that limited exports to milk for children. The regime change was aimed at eliminating the export embargo quotas. I remember Donald  Rumsfeld greedily running his hands over fists forcasting "Windfall" profits.

OK, but wasn't the embargo because he kicked the chemical weapons inspectors out back then?  (I am not totally sure of this)  I think that was the case.  It was a UN embargo and not one made by the US.  I know we were trying to initiate a regime change for the good of the region due to Saddam's threats to use chemical weapons...again.  (He had recently gassed the Kurds.)  This is why I never understood folks that said he had no weapons of mass destruction...he had them because he used them.  But, if I remember this correctly, the US sold him those weapons back in the days when he was allied with the US.  Another reason we knew he had them.  (In retrospect, not a good move)

Bill

Offline synchro1

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Re: WTO tariff on preditory pricing of crude oil.
« Reply #17 on: February 17, 2015, 12:51:55 AM »
OK, but wasn't the embargo because he kicked the chemical weapons inspectors out back then?  (I am not totally sure of this)  I think that was the case.  It was a UN embargo and not one made by the US.  I know we were trying to initiate a regime change for the good of the region due to Saddam's threats to use chemical weapons...again.  (He had recently gassed the Kurds.)  This is why I never understood folks that said he had no weapons of mass destruction...he had them because he used them.  But, if I remember this correctly, the US sold him those weapons back in the days when he was allied with the US.  Another reason we knew he had them.  (In retrospect, not a good move)

Bill

@Pirate88179,

Quote from Wikipedia:

"The original stated purposes of the sanctions were to compel Iraq to withdraw from Kuwait, to pay reparations, and to disclose and eliminate any weapons of mass destruction.

"Initially the UN Security Council imposed stringent economic sanctions on Iraq by adopting and enforcing United Nations Security Council Resolution 661. After the end of the 1991 Persian Gulf War, those sanctions were extended and elaborated on, including linkage to removal of weapons of mass destruction (WMD), by Resolution 687. The sanctions banned all trade and financial resources except for medicine and "in humanitarian circumstances" foodstuffs, whose import into Iraq was tightly regulated".

The war was waged largely to free the Iraqi peole of these UN sanctions. My point is that the WTO needs to adopt regulations to control the amount of oil each nation can export and to fix a fair price for it. World trade is in it's infancy. Econoic Darwinisem should be evolved into a civilized format where Law and Order mitigate the B.C. survival of the fittest approach. We need rules to replace the "Law of the Jungle".



Free Energy | searching for free energy and discussing free energy

Re: WTO tariff on preditory pricing of crude oil.
« Reply #17 on: February 17, 2015, 12:51:55 AM »
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Offline profitis

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Re: WTO tariff on preditory pricing of crude oil.
« Reply #18 on: February 17, 2015, 01:41:26 PM »
Synchro1:  '
Here's a video of the "Tsar Bomba" the largest thermonuclear weapon ever detonated. The mushroom cloud reaches a height 8 times the height of Mt. Everest:'


Me: love the videos of that explosion.they actually had originaly wanted to detonate a 100megaton weapon for show but realised the airplane wouldn't be able to escape such a blast.the airplane that did drop tsar bomba only just managed to escape and was alsmost crashed due to drop in air pressure after the blastwave hit em.57megatons tnt.70% of blast was from fusion and 30% from fission

Offline Pirate88179

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Re: WTO tariff on preditory pricing of crude oil.
« Reply #19 on: February 17, 2015, 04:37:04 PM »
One of those videos I watched of that tsar bomb nuke exploding looked really weird.  It developed this double cloud ring that surrounded the blast  and moved upward.  I can understand a single ring, most blasts I have seen have them...but, I wonder what causes that double ring?

Bill

Free Energy | searching for free energy and discussing free energy

Re: WTO tariff on preditory pricing of crude oil.
« Reply #19 on: February 17, 2015, 04:37:04 PM »
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Offline profitis

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Re: WTO tariff on preditory pricing of crude oil.
« Reply #20 on: February 17, 2015, 09:02:49 PM »
Pirate:'but, I wonder what causes that double ring?'

Probably reflection of heat waves plus original heatwave causing double condensation of water vapour.usualy these megaton blasts have multiple rings eg castle bravo series.biggest american nuke was 15 megatons and punctured a hole straight through island coral reef a mile wide.bravo was a shock for the scientists because they only expected 6megatons and thus fuckedup a lot of their recording equipment.tsar bomba caused a seismic shockwave to reflect 3 times around the entire globe,gives one an idea of the power.

Offline synchro1

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Re: WTO tariff on preditory pricing of crude oil.
« Reply #21 on: February 18, 2015, 07:51:16 PM »
The definition of "Preditory Pricing" is selling below cost. That's more then $90 a barrel for Saudi Arabia:

"Saudi Arabia requires a price of more than $90 to fund its budget. But it has $726 billion in foreign currency reserves and is betting it can survive for two years with prices of less than $40 a barrel".

The Saudis figure they can withstand low prices for longer than their financially weaker competitors, who will have to cut production first as pumping becomes uneconomical.

"At about $50 a barrel, crude oil prices are down by more than half from their June 2014 peak of $107. They may fall more, perhaps even as low as $10 to $20".

This amounts to naked unfair, anti-competitive monopoly cartel exploitation from Saudi Arabia, Kuwait, Qatar and the United Arab Emirates!

Instead of making an "Anti-Trust" case to the WTO based on established National Precedent and the "Rule of Reason", in a Statesman like fashion; Barack Obama has deployed 4000 men, Abrams tanks and Bradly fighting vehicles from Ft. Carson to Kuwait. Russia has threatened to use Iran and tactical nukes to limit the unfair over production. A war's going to cost America much more then any hardship caused to the victems from the preditory pricing.

Free Energy | searching for free energy and discussing free energy

Re: WTO tariff on preditory pricing of crude oil.
« Reply #21 on: February 18, 2015, 07:51:16 PM »
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Offline Pirate88179

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Re: WTO tariff on preditory pricing of crude oil.
« Reply #22 on: February 19, 2015, 02:12:24 AM »
Pirate:'but, I wonder what causes that double ring?'

Probably reflection of heat waves plus original heatwave causing double condensation of water vapour.usualy these megaton blasts have multiple rings eg castle bravo series.biggest american nuke was 15 megatons and punctured a hole straight through island coral reef a mile wide.bravo was a shock for the scientists because they only expected 6megatons and thus fuckedup a lot of their recording equipment.tsar bomba caused a seismic shockwave to reflect 3 times around the entire globe,gives one an idea of the power.

Thanks for your explanation.  It makes sense...you are probably right.  At first, I thought of two almost simultaneous explosions causing it but your reflection idea is a good one.  I had just never seen any thing like that before.  Holy crap!

Bill

Offline synchro1

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Re: WTO tariff on preditory pricing of crude oil.
« Reply #23 on: February 27, 2015, 07:55:54 PM »
Saudi Arabia is teamed up with Kuwait, Quatar and the UAE to form a preditory pricing monopoly cartel. All four countries have Salafi constitutions that involve 80 lashes for kissing in public along with amputaion, stoning etc.

From todays news:

"Three months after Saudi Arabia made clear it was going to let oil prices keep tumbling, the strategy is showing signs of working.

U.S. drillers are idling rigs at a record pace, gutting investment plans and laying off thousands of workers.

Those steps highlight how the Saudi-led OPEC decision on Nov. 27 to maintain output levels and protect its market share is having the desired effect -- pushing prices down so far that they threaten to curb output in the U.S. and other non-OPEC countries. Saudi Arabia, the most powerful member of the Organization of Petroleum Exporting Countries, will maintain that tack when the group next meets in June, according to some of the world’s biggest Banks"

"U.S. President Barack Obama apparently is going ahead with his plan for NATO missiles to be placed in Ukraine aimed against Moscow, but found a way to do it that won’t violate the warnings by Russia’s President Vladimir Putin against Washington’s directly supplying those arms to Ukraine".

"On Tuesday, 24 February 2015, in Abu Dhabi, the capital of United Arab Emirates, Poroshenko placed the finishing touches on the purchase of Western, mainly U.S., weapons, via the UAE, from Western firms such as, perhaps, Lockheed, GE, Krupp, Euromissile, etc., which will be paid for by Western taxpayers, via IMF ‘loans’ to Ukraine, which money comes from taxpayer contributions to the IMF".

Barack Obama asked Americans to embrace Muslims at home while the penalty for homosexuality in the UAE is death. He found two ways to cut his own throat!

Barack has a Tank battalion of 4000 men stationed in Kuwait with Abrams tanks and Bradley fighting vehicles.

Free Energy | searching for free energy and discussing free energy

Re: WTO tariff on preditory pricing of crude oil.
« Reply #23 on: February 27, 2015, 07:55:54 PM »
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Offline Pirate88179

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Re: WTO tariff on preditory pricing of crude oil.
« Reply #24 on: February 28, 2015, 06:00:11 AM »
I don't mean this the wrong way...I love America 100%....but Obama placing those missiles in Ukraine is really no different than Russia placing missiles in Cuba in the early 60's right?  I would not blame Putin for not wanting that.

What is the point anyway?  Our subs can launch against Russia if need be...we have thousands of ICBM's too.  Why do this provocative move then?

Our president is an idiot.

Bill

Offline synchro1

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Re: WTO tariff on preditory pricing of crude oil.
« Reply #25 on: February 28, 2015, 06:17:03 AM »
@Pirate88179,

                    "Dumbell Peace Prize"!

Free Energy | searching for free energy and discussing free energy

Re: WTO tariff on preditory pricing of crude oil.
« Reply #25 on: February 28, 2015, 06:17:03 AM »
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Offline Pirate88179

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Re: WTO tariff on preditory pricing of crude oil.
« Reply #26 on: February 28, 2015, 06:45:35 AM »
@Pirate88179,

                    "Dumbell Peace Prize"!

He sure qualifies for that one.  I just wish our "leader" protected the US the way Putin does Russia.  No one can say.."Hey, I think Putin does not like Russia."  Our "leader"?  Not so much.

Bill

Offline synchro1

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Re: WTO tariff on preditory pricing of crude oil.
« Reply #27 on: December 30, 2015, 07:58:39 PM »
"Iran is about to start selling oil that may cost just $1 a barrel"

below:

Iranian Oil Minister Bijan Zangeneh at his hotel before a meeting of OPEC oil ministers in Vienna on December 3.

Offline lancaIV

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Re: WTO tariff on preditory pricing of crude oil.
« Reply #28 on: December 31, 2015, 02:56:42 PM »
 The definition of "Preditory Pricing" is selling below cost. That's more then $90 a barrel for Saudi Arabia:

"Saudi Arabia requires a price of more than $90 to fund its budget. But it has $726 billion in foreign currency reserves and is betting it can survive for two years with prices of less than $40 a barrel".

Above/below costs : Saudi-Arabia as Venezuela has got the deepest exploration costs by their  crude oil exploration,some decades before the S.-A. Gharb-oilfield "sputted" the oil for 1US$/llb.
Cutting the budget down to a 40US$/llb level is not a impossibility !

-----------------------------------------------------------------------------------------------------------------------------

Estimating a  fair-value  for each barrel crude oil with averaged 30 US$ we can expect that more than 50US$/ea. llb during the last 5 years has been price hedged wind fall profits,
political selling restrictions(Lybia,Iran,...)  included !

For the next time we can expect with crude oil market prices in the 30-20 US$/llb range,
and for the next 10 years an average market price in the 40-50 US$/llb range,
based by the cheaper becoming shale/coal-to-gas-to-fuel exploration technology.
 
crude oil alternatives: Solar-/Wind-/Water- Energy based Synfuels

Offline synchro1

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Re: WTO tariff on preditory pricing of crude oil.
« Reply #29 on: December 31, 2015, 08:35:53 PM »
The irony of Iran's recent price policy announcement is that Saudi Arabia stands to fall victim to it's own preditory pricing tactics designed to eliminate their competition. Moreover; The unwillingness of Barack Obama, to appeal to the WTO in a timely fashion as I've advised, to regulate a fair price, makes it very hard to single Iran out as a culprit. Iran has proven oil reserves  that rival Saudi Arabia's, plus Iran is more then just a mono-resource economy. Saudi Arabia may be forced to start selling it's U.S. Treasury bills, by price under cutting from Iran, which would turn the Greenback into a hyper inflation Papier Mark.
« Last Edit: December 31, 2015, 10:59:51 PM by synchro1 »

 

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