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22 comments in c/politics@lemmy.world view that post
[–] 77 points 1 year ago (14 children)

That's why the US is getting involved in Iran so quick. It has nothing to do with Israel - it's about driving the price of oil to extreme heights.

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  • [–] -3 points 1 year ago (10 children)

    Other way around, they want to keep oil prices low.

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  • [–] 3 points 1 year ago* (last edited 1 year ago) (5 children)

    No. Oil has to be a certain price per barrel for extraction to be profitable. Currently the price is below that level for the US, which is primarily done by fracking.

    Russia has to undercut already low prices in order to get China/India to accept the sanctioned oil. Any rise in price means they get to ask more while still being cheaper.

    Edit: I was wrong. Russia is allowed to export at a maximum price of $60/barrel. Price going up gives them no benefit.

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  • [–] 1 point 1 year ago* (4 children)

    Sigh. Yes you don't want it super low to the point of being unprofitable. Right now, with wars with 2 (two) oil producing nations the risk is super high prices. That's Russia and Iran. No politician wants super high gas prices for obvious reasons.

    Seriously what do y'all think would happen to oil prices if Russian oil production is blown up? Prices will go up. Obvious. That's why the US doesn't want Ukraine to blow it up. If the US wanted high oil prices, they would want Ukraine to blow it up. But they are telling them to not. Cmon guys this is simple.

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  • [–] 3 points 1 year ago (3 children)

    I'm sorry I really can't figure out if you are being serious or not.

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  • [–] 0 points 1 year ago (2 children)
  • [–] 2 points 1 year ago* (1 child)

    Ok, I looked this up as you were being serious. And I didn't realize Russia had a price cap as the sanction, rather than halting all oil production. So it's not that Russia undercuts the market, it's that Russia isnt legally allowed to sell it for any amount above it.

    You're right. They would want the price of oil to go down.

    But the point still stands that the US needs the price to go up to be profitable. Which puts this all in a really weird lens.

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  • [–] 2 points 1 year ago (1 child)

    The US is a bit exporter now and low oil prices (well lng) will bankrupt our producers.

    Or so I heard sometime after this administration started breaking shit.

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  • [–] 1 point 1 year ago

    You don't want super low, but you don't want super high like what will happen if Ukraine blows up Russian oil plants. Right now the risk is super high. Now add in Iran. No politician wants high gas prices.

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  • [–] 34 points 1 year ago

    ...confirmed what many analysts long suspected: the United States has asked Ukraine not to strike Russian oil and energy infrastructure.

    The comments provide the clearest public evidence to date that Kyiv has been operating under external pressure to avoid actions that could destabilize global energy markets, even as its own grid, heating infrastructure, and fuel reserves face repeated attacks.

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  • [–] 39 points 1 year ago (1 child)

    So when Ukraine bombs oil infrastructure, it's "risking WWIII, and the global economy," but when Israel does it, they're "exercising their right to defend themselves"

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  • [–] 16 points 1 year ago

    It's always about oil. Sigh.

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  • [–] 10 points 1 year ago

    Ukraine needs to to just stop dealing with the US

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  • [–] 28 points 1 year ago (1 child)

    What kind of bitch move is this? Is this their reward for shitting on any efforts toward a ceasefire? That will teach them not to mess with the US!

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  • 4 comments in c/world view that post
    [–] 62 points 1 year ago (2 children)

    Ukraine being forced to fight with one hand tied behind it's back and the supposedly mighty armies of Russia still can't beat them and resort to terror attacks on civilians.

    If the rest of the world wasn't so desperately sucking down oil and had made real efforts to replace oil infrastructure years ago like they were supposed to, then I doubt this war would have lasted long as it has.

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  • [–] 6 points 1 year ago

    Never forget America's true ally: oil

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  • 2 comments in c/trump_watch@lemmy.world view that post
    [–] 4 points 1 year ago

    What? Do they have fuckin guards or something?

    Blow them the fuck up.

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  • [–] 1 point 1 year ago

    FAFO... Jesus Crist we are all about to pay for those fuckers greed.

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