Utopia Talk / Politics / Reversing the oil plunge

Cthulhu Tentacle Rapist	Mon Dec 29 09:46:39 Turns out that if we nuke OPEC oil fields, supply will drop and the prices will increase
CrownRoyal Member	Mon Dec 29 09:51:45 We can also mandate gas-guzzlers, like a law that only Hummer-type vehicles are allowed on the roads. Therefore, we will hugely increase demand, reversing the plunge. And without the radioactive fallout
cthulhu Tentacle Rapist	Mon Dec 29 09:58:09 How about heating every road and sidewalk in Canada so we don't need snow shovels? Would that burn enough gas?
CrownRoyal Member	Mon Dec 29 10:08:02 Actually, I rethought my idea a little. Instead of mandating Humvees, we introduce incentives via the tax code. Mandate sounds bad, like with ACA. Income tax breaks would be directly proportional to your engine volume. Or to horsepower. Or straight up to fuel consumption
cthulhu Tentacle Rapist	Mon Dec 29 10:20:01 Damn, I'm liking the anti kyoto protocols already
Hot Rod Revved Up	Mon Dec 29 10:44:56 All solid liberal ideas. Keep up the good work.
jergul large member	Mon Dec 29 12:08:36 I dont get why Putin does not just bomb Saudi oil shipping facilities as part of a Russian crackdown on international terrorism.
CrownRoyal Member	Mon Dec 29 12:11:39 Probably because he lacks balls
CrownRoyal Member	Mon Dec 29 12:21:05 Boy, whatever we do, we better do it fast. That fuckin oil is still plunging. $57 Brent now, even after bad news from Libya.
Forwyn Member	Mon Dec 29 12:32:43 Doesn't low oil help literally every other industry? If so, what's the problem?
CrownRoyal Member	Mon Dec 29 12:33:50 We are joking, of course
CrownRoyal Member	Mon Dec 29 12:35:07 what a permanent $10 drop in a barrel of Brent crude would mean for GDP around the world http://sta...da811aa75fbadb2-960/oil-19.png
Rugian Member	Mon Dec 29 12:38:40 Cui bono? Fucking Philippines, they must be the ones pulling all of the strings to make this happen.
Rugian Member	Mon Dec 29 12:38:41 Cui bono? Fucking Philippines, they must be the ones pulling all of the strings to make this happen.
cthulhu Tentacle Rapist	Mon Dec 29 12:38:58 The impact on Canada is exactly what I thought it would be.
CrownRoyal Member	Mon Dec 29 12:42:39 I can easily draw a Philippino-Croatian conspiracy theory, a sinister plan to kill oil
cthulhu Tentacle Rapist	Mon Dec 29 12:44:32 Sounds like we need a coalition of the willing to put it down.
CrownRoyal Member	Mon Dec 29 12:45:34 So canada-Venezuela-Iran and Putin?
cthulhu Tentacle Rapist	Mon Dec 29 12:49:14 Not a bad set up. Leaving America a out of it gives it a chance for military success. I can only hope Harper betrays them in the end and founds the first Canadian empire.
Rugian Member	Mon Dec 29 12:50:49 Should be fun to watch Putin and Harper awkwardly pose together at summits, like they weren't complete enemies the year before. Also, may as well add Norway to the coalition. You never know when you may need proper log burning techniques and free copies of Dead Snow, after all.
CrownRoyal Member	Mon Dec 29 12:52:05 Fuck Norway. In fact, lets bomb them too, after we done with Philippines and Croatia
Rugian Member	Mon Dec 29 12:54:59 A bit bitter about Norway's claims to Canada's future North Pole Province, eh?
Rugian Member	Mon Dec 29 12:59:19 Anyway, why would a drop in oil prices hurt Russia so much more than Saudi Arabia, which is even more dependent on oil exports for its economy? Is it just the current sanctions, or something else?
CrownRoyal Member	Mon Dec 29 13:10:08 saudis are smaller and they managed to to diversify a little better, for example they are making tons of oil-based products. Russian economy is just an oil selling business where profits finance everything else.
jergul large member	Mon Dec 29 13:56:18 Norway has gone all rentier. It would make more money from the gdp uptick than on inflated oil prices. Production costs of Saudi crude is 4.50 USD a barrel. They are still making 50 dollars a barrel on sales.
pillz Member	Mon Dec 29 14:01:32 Lower it does the more Alberta sweats, happier I am.
CrownRoyal Member	Mon Dec 29 14:06:30 Yeah, Alberta, Texas, Louisiana. It is going to be interesting to see how "Texas Miracle" holds up, if oil prices remain low for several years
Ork Member	Mon Dec 29 16:03:21 "Production costs of Saudi crude is 4.50 USD a barrel. They are still making 50 dollars a barrel on sales." Overly simplistic and a bit outdated. It costs a good deal more than that, and the Saudis currently depend on a much larger margin to balance their budget. The only thing the Saudis have going for them is the massive pile of cash they have from when prices were higher. To sustain their current system they need oil around $85, this loss in oil is costing them money out of their pocket. To suggest they can exist much lower than where we are for an extended period is insanity. http://qz....-a-price-war-against-us-shale/ http://dailycaller.com/2014/12/03/opec-needs-higher-oil-prices-to-finance-governments/
jergul large member	Tue Dec 30 02:01:12 Ork I meant it costs them 4.50 to get a barrel above ground (costs are typically measured that way. Misleading I know as it cuts out logistics). Revenue from oil is probably around the 85 dollar mark now due to long term contracts lifting revenue up from spot. I am not sure what your source is on about regarding Government revenue. Yes, Saudi Arabia may very well have a degree of deficit spending for a couple years in addition to cutting back on investments etc. So? Is that so amazingly unheard of?
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