The Return of American World Power - U.S. Oil Production Key to Renewed Role

[JBG]

America is now the biggest oil producer. And a good thing for the whole world. A whole cadre of "intelligence" operatives (read spies), diplomats, Arabists, and other unproductive types multiplied like mushrooms after a rainstorm during the Post-WW II era, peaking in 1973-81. That era was marked by two "energy crises", both emanating from the Middle East. These people had little skill at predicting either shortage or ameliorating their results. Mostly, they talked a lot and earned a lot of money. They also succeeded in undermining U.S. support for Israel and other democracies, to appease the Arabs and allied Iranians. We kept silent while they threw gay people from cliffs, for example. The U.S. prevented Israel from pre-empting the 1973 war, in the manner of 1967.

Fast forward 40 years from the 1973 war. Oil prices were elevated considerably. Fracking and shale oil production was the result. And voila, the U.S. dominates. Saudi Arabia and Russia are basically supplicants. It's a great world, where when the U.S. recognizes Jerusalem as Israel's capital and moves the embassy, there are a few ritual speeches, and basically that's it.

Some people would abdicate our role in favor of the U.N. and the "Climate Adjustment Fund", not to mention the International Criminal Court. Bowing down to sheiks and ayatollahs was humiliating. And their stranglehold on the world's economy was why. Far better to have good countries ruling the world.

 

[Mycroft]

America is now the biggest oil producer. And a good thing for the whole world. A whole cadre of "intelligence" operatives (read spies), diplomats, Arabists, and other unproductive types multiplied like mushrooms after a rainstorm during the Post-WW II era, peaking in 1973-81. That era was marked by two "energy crises", both emanating from the Middle East. These people had little skill at predicting either shortage or ameliorating their results. Mostly, they talked a lot and earned a lot of money. They also succeeded in undermining U.S. support for Israel and other democracies, to appease the Arabs and allied Iranians. We kept silent while they threw gay people from cliffs, for example. The U.S. prevented Israel from pre-empting the 1973 war, in the manner of 1967.

Fast forward 40 years from the 1973 war. Oil prices were elevated considerably. Fracking and shale oil production was the result. And voila, the U.S. dominates. Saudi Arabia and Russia are basically supplicants. It's a great world, where when the U.S. recognizes Jerusalem as Israel's capital and moves the embassy, there are a few ritual speeches, and basically that's it.

Some people would abdicate our role in favor of the U.N. and the "Climate Adjustment Fund", not to mention the International Criminal Court. Bowing down to sheiks and ayatollahs was humiliating. And their stranglehold on the world's economy was why. Far better to have good countries ruling the world.

Trump is a pretty smart man to bring all that about in just two years, isn't he?

 

[JBG]

Trump is a pretty smart man to bring all that about in just two years, isn't he?

Does the word "Trump" appear in that post? And did I say it took two years?

By the way I am a liberal Democrat, not a Trumpanzee.

 

[Mycroft]

Does the word "Trump" appear in that post? And did I say it took two years?

By the way I am a liberal Democrat, not a Trumpanzee.

Trump helped this happen...in a major way. You don't have to be a Trumpanzee to face reality...even liberal Democrats can do that (if they want to).

 

[Tangmo]

Trump is a pretty smart man to bring all that about in just two years, isn't he?

Sounds like Soviet Russian propaganda during the Cold War. It was Russia invented it, made it first, did it first and the mostest, and was on top of everything -- first and the best. Now it's come to America in the voice of the Putin-Trump-Fanboys.

Fail.

 

[Mycroft]

Sounds like Soviet Russian propaganda during the Cold War. It was Russia invented it, made it first, did it first and the mostest, and was on top of everything -- first and the best. Now it's come to America in the voice of the Putin-Trump-Fanboys.

Fail.

Russia has nothing to do with this, except that Trump screwed them.

So it goes...

 

[PIPEWRENCH]

Does the word "Trump" appear in that post? And did I say it took two years?

By the way I am a liberal Democrat, not a Trumpanzee.

So it was the democrats that pushed for oil production, fracking and such over renewable energy? I got to hear how they can twist this. In the mean time speaking of oil China seems to how found a new way of acquiring oil. It Doesn’t Matter if Ecuador Can Afford This Dam. China Still Gets Paid. China will be paid in oil.


https://www.msn.com/en-us/news/worl...na-still-gets-paid/ar-BBRopTH?ocid=spartandhp

 

[Tangmo]

So it was the democrats that pushed for oil production, fracking and such over renewable energy? I got to hear how they can twist this. In the mean time speaking of oil China seems to how found a new way of acquiring oil. It Doesn’t Matter if Ecuador Can Afford This Dam. China Still Gets Paid. China will be paid in oil.


https://www.msn.com/en-us/news/worl...na-still-gets-paid/ar-BBRopTH?ocid=spartandhp

Beijing's huge alternative canal project through Nicaragua still can't buy a shovel. China's economy is only slowing and is now at 2% to 4% annual growth at best. They're going to have to build a new wall to stop the inevitable economic decline before it gets to zero growth which is where it's going. No luck in a figurative new wall for 'em by Beijing either so Trump is not alone in his frustration trying to get a literal wall.

China's big canal project through Thailand at the Isthmus of Kra got a big NO from Bangkok. Thais don't want their country severed into two parts with Chinese taking it over working their way out in both directions from their (fantasy) canal project. Chinese people want Xi Jinpingpong to revive the moribund economy instead of buying projects in South America and Africa that make foreign elites rich while fattening the party boys at home by launching a bunch of frigates that have no benefit to Chinese people.

PLA veterans have ongoing demonstrations in cities and provinces throughout China because the CCP Boyz in Beijing don't have money to tend to 'em. Military pay and retirement benefits to include health are measly because CCP Boyz refuse to have a defense budget like the USA for personnel costs to include veterans. PLA Navy has new ships wanting for a qualified crew or any kind of crew due to tight personnel budgets that lead to reduced conscription cause the money isn't there.

Beijing has "Four Warfares." Lawfare is a bust given the Court of International Arbitration in The Hague ruled unanimously against 'em over the South China Sea. Economic warfare is taking a hit due to the economic downtrend plus the trade war. Network warfare is booming as Beijing continues to purloin confidential data through cyber attacks. Psychological warfare is their biggest success however as virtually every uninformed person around the globe sees China as the inevitable masters of the world not to mention the universe. Yet every China dynasty has failed. The current CCP dynasty of emperors in business suits is a young and nervous dynasty so they're grabbing everything they can get while the grabbing is good. Let the good times roll right off the clif is how it goes over there. Chinese fatalism runs deep after all the thousands of years of boom and bust. They haven't any template for a stable middle nor has China ever had one.

 

[JBG]

Does the word "Trump" appear in that post? And did I say it took two years?

By the way I am a liberal Democrat, not a Trumpanzee.

Trump helped this happen...in a major way. You don't have to be a Trumpanzee to face reality...even liberal Democrats can do that (if they want to).

Trump deserves some credit. So does Reagan for decontrolling oil prices, and grudgingly, Obama, for not getting in the way of fracking. I just prefer to have Pax Brittanica or Pax Americana to Pax Arabicana. The latter would not be "Pax" or peace at all.

 

[Mycroft]

Trump deserves some credit. So does Reagan for decontrolling oil prices, and grudgingly, Obama, for not getting in the way of fracking. I just prefer to have Pax Brittanica or Pax Americana to Pax Arabicana. The latter would not be "Pax" or peace at all.

No. Obama gets no credit. If he had a way, he would have used it.

 

[PIPEWRENCH]

Beijing's huge alternative canal project through Nicaragua still can't buy a shovel. China's economy is only slowing and is now at 2% to 4% annual growth at best. They're going to have to build a new wall to stop the inevitable economic decline before it gets to zero growth which is where it's going. No luck in a figurative new wall for 'em by Beijing either so Trump is not alone in his frustration trying to get a literal wall.

China's big canal project through Thailand at the Isthmus of Kra got a big NO from Bangkok. Thais don't want their country severed into two parts with Chinese taking it over working their way out in both directions from their (fantasy) canal project. Chinese people want Xi Jinpingpong to revive the moribund economy instead of buying projects in South America and Africa that make foreign elites rich while fattening the party boys at home by launching a bunch of frigates that have no benefit to Chinese people.

PLA veterans have ongoing demonstrations in cities and provinces throughout China because the CCP Boyz in Beijing don't have money to tend to 'em. Military pay and retirement benefits to include health are measly because CCP Boyz refuse to have a defense budget like the USA for personnel costs to include veterans. PLA Navy has new ships wanting for a qualified crew or any kind of crew due to tight personnel budgets that lead to reduced conscription cause the money isn't there.

Beijing has "Four Warfares." Lawfare is a bust given the Court of International Arbitration in The Hague ruled unanimously against 'em over the South China Sea. Economic warfare is taking a hit due to the economic downtrend plus the trade war. Network warfare is booming as Beijing continues to purloin confidential data through cyber attacks. Psychological warfare is their biggest success however as virtually every uninformed person around the globe sees China as the inevitable masters of the world not to mention the universe. Yet every China dynasty has failed. The current CCP dynasty of emperors in business suits is a young and nervous dynasty so they're grabbing everything they can get while the grabbing is good. Let the good times roll right off the clif is how it goes over there. Chinese fatalism runs deep after all the thousands of years of boom and bust. They haven't any template for a stable middle nor has China ever had one.

I wonder when Ecuador final falls into disrepair or becomes another ****hole country if the people are going to seek asylum with China?

 

[Tangmo]

I wonder when Ecuador final falls into disrepair or becomes another ****hole country if the people are going to seek asylum with China?

China has a lebensraum problem that's as huge as its population. PLA uses the word but strictly in private only. There's no room or resources for foreign devils to enter and settle. Chinese need to move out of the irreversibly polluted land, water, air that compounds the problem. Which is why China will move to grab Siberia from Russia when the CCP Boyz in Beijing figure the stars and moon are aligned right for 'em. Russia knows this so it has a ton of forces in the region.

As to Equador and South America wholesale it's not in the plan. Too distant and remote from the China mainland and the people are too poor. Too close also to US forces that are already a big headache to Beijing in East Asia and the western Pacific. Equador is a gnat best left to Equadorans.

Neither can Beijing help 'em on the Assange thing which leaves Equador leaders increasingly nervous about USA in the region also. China anyway keeps building huge dams in earthquake zones in both China and in other countries, Equador being one where there's a volcano a stone's throw from the thingy. The volcano's been active since the days of the Conquistadores. Blowing off steam now it is, as usual. Oops.

 

[Xelor]

America is now the biggest oil producer. And a good thing for the whole world. A whole cadre of "intelligence" operatives (read spies), diplomats, Arabists, and other unproductive types multiplied like mushrooms after a rainstorm during the Post-WW II era, peaking in 1973-81. That era was marked by two "energy crises", both emanating from the Middle East. These people had little skill at predicting either shortage or ameliorating their results. Mostly, they talked a lot and earned a lot of money. They also succeeded in undermining U.S. support for Israel and other democracies, to appease the Arabs and allied Iranians. We kept silent while they threw gay people from cliffs, for example. The U.S. prevented Israel from pre-empting the 1973 war, in the manner of 1967.

Fast forward 40 years from the 1973 war. Oil prices were elevated considerably. Fracking and shale oil production was the result. And voila, the U.S. dominates. Saudi Arabia and Russia are basically supplicants. It's a great world, where when the U.S. recognizes Jerusalem as Israel's capital and moves the embassy, there are a few ritual speeches, and basically that's it.

Some people would abdicate our role in favor of the U.N. and the "Climate Adjustment Fund", not to mention the International Criminal Court. Bowing down to sheiks and ayatollahs was humiliating. And their stranglehold on the world's economy was why. Far better to have good countries ruling the world.

See remarks here: US Oil Tumbles 6.7%...

 

[JBG]

See remarks here: US Oil Tumbles 6.7%...

Oil is definitely a boom and bust commodity.

 

[SonOfDaedalus]

No. Obama gets no credit. If he had a way, he would have used it.

Your feelings are amusing but here are the facts. Do these facts change your mind? I doubt it. I don't think facts have much to do with your reasoning.

 

[SonOfDaedalus]

Here's another chart...and again Obama and Trump don't have much to do with oil production. There were changes in technology that allowed for fracking and market forces.

 

[Mycroft]

Your feelings are amusing but here are the facts. Do these facts change your mind? I doubt it. I don't think facts have much to do with your reasoning.

As I said...if he had is way...

Those increases were in spite of Obama.