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Exxon Warns Oil Inventories Are Near Crisis Levels as Emerging Markets Dump US Treasuries (blocknow.com)
submitted 5 months ago by to c/worldnews@lemmy.ml
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[–] 11 points 5 months ago

I’m okay hearing this. It just says that there needs to be other forms of infrastructure that can transport large quantities of people to/from certain points.

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    [–] 18 points 5 months ago (2 children)

    Its. USA problem, they started it, they will have to end it. That's what happens when you sit and watch your president start a war, thinking next election will leave. And don't tell me otherwise, because many users here said we have to wait mid term elections.

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  • [–] 1 point 5 months ago (1 child)

    What, specifically, would you like us to do about it? Talk to our corrupt representatives in Congress? Have a general strike and risk the well-being of our families?

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  • [–] 1 point 5 months ago

    Oh no not the well being off your first world top 1% family, you don't want to risk their cushy meat for every meal lifestyle. Your government (both parties) are funding genocides and bombing children to intimidate others into submission to the empire, so they can exploit them and cement your hegemony and said cushy lifestyle, so of course you won't do anything if that's your motivation.

    You benefit from brown people being slaughtered and their resources stolen, why would you fight it to build a better world for everyone? Unless you had principals.

    And if you had principals and cared more about society than being on the very top of it, you would have a revolution. But oh no, not a strike.

    For what it's worth, your kids future is less cushy than yours, and you're allowing that future to be built. And as Trump idiotically destroys US hegemony and collapses the empire, your oligarchs will have to squeeze you more directly. Go live in any US puppet controlled country for a taste of what's coming, meat will become a luxury soon enough, and get ready for dissenters to disappear. ICE and militarism isn't about "aliens", you will find out soon enough.

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    • [–] 7 points 5 months ago

    Oooooh

    💔

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    [–] 22 points 5 months ago (2 children)

    Crash the markets, nobody but the ultra wealthy care, so 99%of the US would benefit!

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  • [–] 28 points 5 months ago*

    That's not what happens in a crash. I'm not sure what history books you are reading.

    Millions lose their jobs. Millions can't afford housing. Supply chains shut down. Food isn't delivered to grocery stores. Hundreds of thousands of people die.

    The rich consolidate more power and control as the losses are taken by the working class. The profits are private, the negatives of the crash are socialized.

    I don't know where the idea that the stock market crash doesn't effect people that "don't own stock" came from. You don't get to benefit from its rise. But you sure as hell will be treated as meat for the capitalist machine when it's contradictions hit their breaking point.

    Don't wait for it. Prepare for it.

    Here. Hollywood explaining it if that didn't get through to you.

    https://youtu.be/0k5aVLi_yhM

    You're the people dying. The rich are the guys in the clip.

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  • [–] 2 points 5 months ago

    The biggest banks profited the most from 2008.

    The acquired a LOT of assets for very cheap because folks were selling all they had to try and keep a roof over their heads.

    The ones who failed to keep a roof over their head lost their homes... To the bank

    The 1% cried because number went down. The 99% cried because they were losing their retirement, health insurance and homes.

    Drug abuse spiked hard among the bottom who lost everything

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    • [+] 5 points 5 months ago (10 children)
    [removed by mod]
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  • [–] 9 points 5 months ago* (4 children)

    That's true. The US produces 14 million bpd and consumes 21 million bpd which is more than any other single country.

    US propagandists use a broad definition for what counts as petroleum products muddle the facts and call the USA a net oil exporter. The reality is that the USA must import at least 7 million barrels per day, even if they completely stop exporting.

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  • [–] 2 points 5 months ago (3 children)

    Where did you get those numbers? I know for gasoline/petroleum its roughly equal local production and consumption.

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  • [–] 6 points 5 months ago* (1 child)
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  • [–] 3 points 5 months ago (1 child)

    Is your point to say this is good for the US? Good for Oil companies in the US maybe. On the short term. But oil is a global commodity. The oil goes to whoever is willing to pay. Unless you think Trump is going to nationalize the oil industry. Americans are just as fucked as anyone else. Doesn't matter where the oil comes out of the ground. It matters who is selling it and who is buying.

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    3 comments in c/world view that post
    [–] 16 points 5 months ago

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    [–] 13 points 5 months ago (1 child)

    The Chevron CEO also said similar things as well. We could see a massive spike in prices this June and July.

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