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83% of US energy portfolio is connected to Oil, Gas and Coal. Either you prop energy industry now, or fight KSA's wars and ideological misadventures in ME. Fo
by sremani 6y ago
83% of US energy portfolio is connected to Oil, Gas and Coal.
Either you prop energy industry now, or fight KSA's wars and ideological misadventures in ME.
For what its worth, saving ONG jobs in US at least gives us better policy options than being energy hostage.
Green tech is not there yet to pick heavy load. In the interim you need ONG.
- Mizza 6y agoThis comment is pure neoliberal death cult ideology. Can't you even conceptualize other ways of being that don't involve a simple binary choice of imperial war or handing gobs of taxpayer cash to the companies which already profit from the extraction of natural resources?
- dang 6y agoPlease don't take HN threads further into ideological flamewar. This place is for curious conversation, not smiting enemies. Of course it's fine to disagree with stealth oil subsidies, just not by name-calling and denunciatory rhetoric. https://news.ycombinator.com/newsguidelines.html https://news.ycombinator.com/newsguidelines.html
- wolco 6y agoWhy not let the free market decide.
- reducesuffering 6y agoIt isn't a free market. OPEC+ is literally a cartel trying to gain monopolistic control over oil prices. With NA ONG bankrupt, they can proceed to gouge oil prices for the next half decade, until NA ONG can be recapitalized and operating at full capacity again. In the meantime, KSA will then be given large amounts arms and wealth to prop up their shenanigans in the ME.
- MiroF 6y agoThis is absurd. Even if domestic supply falters (i'm unconvinced we wouldn't be able to quickly turn it around if need be, as we have multiple times in the past decade), KSA is still not a major international source of US oil.
- sremani 6y agoWith shale out of the game, tar sands our of business, PDVSA heavy crude barely having an output with dilapidated INFRA, who is going to plug the hole ? When the rates were high Canada and Mexico plugged in. I am curious, if KSA wins the price war the Nigerians, Libyans, Angolans, Russians are out of the game. Outside of Persian gulf there won't be any hefty producers.
- MiroF 6y agoIf the KSA has the capacity and inclination to win a price war against every international competitor, it would have done so already.
- madhadron 6y agoEasy enough to fix. Tell the Saudis that they don't get anymore hardware or support unless they sell us oil cheap, and otherwise we'll send all that support to Israel instead.
- tonyedgecombe 6y agoI don't think the Saudi regime has much of a problem with Israel, they are more concerned about Iran.
- MiroF 6y agoThis comment shows you don't understand ME politics. KSA couldn't care less if we give arms to Israel.
- madhadron 6y ago