4 ms·

This was clearly the plan all along. The farce at the White House was just the pretense.

jordanb 2y ago
Yeah I think the whole thing was planned in Riyadh between Trump, Putin and MBS. Which makes one wonder what MBS's role is. My theory is that he will organize OPEC production cuts, designed to boost Russia's economy and crush Europe's.
- 4ndrewl 2y ago
  Putin's stated aims are the expansion of Russia to 100 year old borders and the destruction of the EU. So that figures, yes.
- throwaway48476 2y ago
  OPEC just announced an increase. MBS wants to hurt US shale so when trump drills more they push the price down.
  - jordanb 2y ago
    Well firstly this was "OPEC+" that includes Russia, the details are that SA isn't moving its quota up at all but Russia is "allowed" to pump more. Secondly, they're explicitly playing it as a gift to Trump, to drive down prices during his early days.
- seanmcdirmid 2y ago
  Wouldn't that just accelerate Europe's transition to EVs? They could even import Chinese EVs to make oil mostly irrelevant in a year or so.
  - arbitrary_name 2y ago
    Europe is far more dependent on oil for industry and manufacturing than for simply transport. The high energy prices are killing the German manufacturing sector, while cheap Chinese imports will crush the domestic auto industry. Terrible double blow that is enabling far right politics and populism.
    - seanmcdirmid 2y ago
      > Europe is far more dependent on oil for industry and manufacturing than for simply transport. If you take personal vehicle transport needs out, they still need oil yes, but a lot less. They also have plenty of resources (e.g. Norwegian Hydro, French Nuclear, even German coal) that they can bring to bear on energy pricing. China is really smart for pushing themselves off of oil dependence. Yes, someone on the spectrum will mention that they still need some oil, but needing a lot less of it gives you so much more flexibility when it comes to geopolitics. As for German car manufacturers...I already drive a German EV (made in Germany as well) so I'm not sure what the big deal is about.
      - CapricornNoble 2y ago
        > As for German car manufacturers...I already drive a German EV (made in Germany as well) so I'm not sure what the big deal is about. Sean Foo has numerous videos discussing the German economy and Chinese EVs. Here's one: https://www.youtube.com/watch?v=4jFsR-gm8nk https://www.youtube.com/watch?v=4jFsR-gm8nk
toomuchtodo 2y ago
https://bsky.app/profile/ronfilipkowski.bsky.social/post/3ljjb2xhics24 https://bsky.app/profile/ronfilipkowski.bsky.social/post/3lj...

Yeah I think the whole thing was planned in Riyadh between Trump, Putin and MBS. Which makes one wonder what MBS's role is. My theory is that he will organize OPEC production cuts, designed to boost Russia's economy and crush Europe's.

4ndrewl 2y ago
Putin's stated aims are the expansion of Russia to 100 year old borders and the destruction of the EU. So that figures, yes.
throwaway48476 2y ago
OPEC just announced an increase. MBS wants to hurt US shale so when trump drills more they push the price down.
- jordanb 2y ago
  Well firstly this was "OPEC+" that includes Russia, the details are that SA isn't moving its quota up at all but Russia is "allowed" to pump more. Secondly, they're explicitly playing it as a gift to Trump, to drive down prices during his early days.
seanmcdirmid 2y ago
Wouldn't that just accelerate Europe's transition to EVs? They could even import Chinese EVs to make oil mostly irrelevant in a year or so.
- arbitrary_name 2y ago
  Europe is far more dependent on oil for industry and manufacturing than for simply transport. The high energy prices are killing the German manufacturing sector, while cheap Chinese imports will crush the domestic auto industry. Terrible double blow that is enabling far right politics and populism.
  - seanmcdirmid 2y ago
    > Europe is far more dependent on oil for industry and manufacturing than for simply transport. If you take personal vehicle transport needs out, they still need oil yes, but a lot less. They also have plenty of resources (e.g. Norwegian Hydro, French Nuclear, even German coal) that they can bring to bear on energy pricing. China is really smart for pushing themselves off of oil dependence. Yes, someone on the spectrum will mention that they still need some oil, but needing a lot less of it gives you so much more flexibility when it comes to geopolitics. As for German car manufacturers...I already drive a German EV (made in Germany as well) so I'm not sure what the big deal is about.
    - CapricornNoble 2y ago
      > As for German car manufacturers...I already drive a German EV (made in Germany as well) so I'm not sure what the big deal is about. Sean Foo has numerous videos discussing the German economy and Chinese EVs. Here's one: https://www.youtube.com/watch?v=4jFsR-gm8nk https://www.youtube.com/watch?v=4jFsR-gm8nk

toomuchtodo 2y ago

https://bsky.app/profile/ronfilipkowski.bsky.social/post/3ljjb2xhics24 https://bsky.app/profile/ronfilipkowski.bsky.social/post/3lj...