Petrostates in Peril
Are OPEC’s Cuts Working?
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  • ——————————

    Not working well for OPEC.
    Gas still around $2 a gal here, just as it was in Dec. of 14….

    • D4x

      My new theory is that looking at oil & gas to break Russia will backfire. Russia is going to break the USD with gold, or, at minimum, survive the new sanctions.

      Am having flashbacks to 1975, when I passed on the idea of buying one Kruggerands at $100 per ounce.

    • D4x

      Dhako moved to TNI, TAI’s divorced brother. He must have read WigWag’s explanation of that split, or just moved on. The post is by Robert Kaplan, one of my favorite geopolitical analysts, until he became fixated on “The president, by any account, simply lacks the decorum of all former modern presidents.” Here is his attempt to support Wilsonian ‘liberal order’. Surprised to find Dhako, one who sounds re-booted into a more literate bot. Thought you’d like to know Dhako moved on. I wonder if his reboot signals a shift in China walking back the arrogance.

      • ——————————

        Sorry I didn’t reply sooner. I had went to Madagascar for about 5 weeks, and when I was there I decided to back away from news completely. I just decided to cleanse myself from any politically-related news and opinion. I only watch a bit of local news (which I never used to watch), and occasional news from my wife’s country (Kenya).
        I just decided that it is not worth my time, or my consideration, anymore. Since this blog is primarily politically-related news and opinion, I have stepped away from it too.
        Life is too short to get wound up over mostly useless nonsense, so why waste my time with it? Humanity is so full of itself, and so far removed from it’s true nature because our level of technology, that most news, opinion, and humanity, is asinine.
        I will still pop in here once and a while…but TAI will be the only place I go to. This is the first time I have been here since I last commented a few months ago. There are a lot of smart people who comment here, but most who write here lack insight, and are too opinionated and narrow-minded for the subjects they write about.

        I have never felt so refreshed in my life since I no longer involve myself in political news or opinion on TV, internet, or radio….

        • D4x

          Glad you were cleansing on holiday – and not caught by the hurricanes. Apologies for the delay, but see you now might notice the relaunchedTAI as of Oct 18. As they seek a more pliant commentariat, some of us are seeking a new site to congregate.
          I follow you in disqus to maintain contact. Hope you reciprocate, as I am mostly reporting what no one else does: on the conduct of foreign relations; and a bit of FLOTUS fashion, albeit exhausted by the Texas Stiletto Battle and subsequent War on Cat in the Hat.

          Melania did me in yesterday, at the Pearl Harbor Memorial, because, my father proposed to mom on Dec. 7, 1941, and gave up his machinist job to enlist in the USN. I have never seen the Memorial.

          To see Melania’s tribute to USNavy Dress Whites with her v-neck vanilla custom Dior dress with black skinny belt with a tie:
 at the Memorial was simultaneously a host of personal memories of my parents, and the Navy; and quite inspiring, because…she is America’s Muse.

          I do get a kick when I see the new issue of Vanity Fair in the middle of the Gun (just below Cars) magazine shelf in what is a twenty foot, five shelf display for magazines at my neighborhood supermarket. Third month in a row of that ‘counter-reisistance’. Garden&Gun gets the checkout:

          Normal coverage with 14-photo slideshow on the Trumps at Pearl Harbor:

          • ——————————

            Am cleansed permanently from the news cycles…have had enough….
            Glad I got out of Madagascar before the Plague hit. I was out among the people, but I have extensive travel experience in 3rd-world countries, so am pretty careful when traveling. Nothing like an extreme 3rd-world experience to bring reality to the true nature of humans when the technology is absent…it should be mandatory for everyone in the US to experience it….

            Yes, I noticed TAI has changed. I don’t like it as much. It seems some of the regs in the comment section have slowed down, so I guess they are not happy with the changes either.
            I just Followed you. I tried some months ago when I was a reg here, but if I remember, you were Private?…or am I mistaken? Garden and Guns…like it!

  • CaliforniaStark

    Rule number one on any cartel attempting to control the price of a commodity: you must have what amounts to a monopoly on production. OPEC lost this because of fracking. Everything time OPEC makes a futile attempt to raised oil prices by reducing production, it benefits the U.S. economy. The medieval mindset of certain Mideast leaders somehow cannot comprehend this fact.

    • LakeLevel The

      It is amusing to read of oil sheiks wondering why American oil producers won’t join them in their price fixing, not knowing such anti-competitive strategies are illegal in the US.

    • Kevin

      You don’t need to be a monopoly, just be the low cost high volume producer who is willing to drive prices through the floor when others don’t play ball and stick with their allotment. Saudi Arabia lost its nerve a couple of years ago.

  • JamesDrouin

    “Are OPEC’s Cuts Working?”

    Yes, they are.

    However, the ‘problem’ isn’t “supply”, it’s “demand” … specifically “demand for gasoline” which is both the biggest component of refined oil AND the most profitable AND is still a paltry ~40% of what it was prior to the start of America’s Second Great Depression 10 years ago.

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