Quote from: K-Dog on Feb 11, 2024, 11:35 PMIt Is Difficult to Get a Man to Understand Something When His Salary Depends Upon His Not Understanding It.

I am not responsible for the soup that simmers in Sean Pruitt's brain and I have no responsibility to explain any of it.  His views are not my monkey.  He is an obvious xenophobe.  But, this is worth watching so you know people like him walk the earth.

Iran and Russia according to Sean, aim to pull shit.  No I say, the shit is being pulled closer to home.

Sean used the word 'proxy' claiming Russia and Iran were starting proxy wars.  It seems to me the American proxy war is making somebody, or a few somebodies very rich.

These somebodes keep the proxy war going so they they can export LIKE THERE IS NO TOMORROW.  They want to make the money now while they can, and they certainly do not want CARBON FEE AND DIVIDEND becoming common knowledge.  Those who are now doing the pumping want to pump as fast as they can.  I believe Sean on that.  CFAD would slow things down.  That is the point of it.

The merchants of death need to be found.

Not surprising the FSoA exported much less oil back in the early years.  Few other places had many of the devices that need oil to function, specifically carz and planez.  Electricity generation mostly done with coal which came ccheaper and most places had closer sources.

Once other places started getting carz and planez (mostly post WWII), oil was being pumped up in Russia, MENA and the North Sea, so Europe had closer sources and didn't need to ship across the Atlantic.  China didn't really get into the industrialization game until after Mao croaked and Nixon roped them into capitalism over the Ping Pong table.

It wasn't until the Kissinger crowd decided to crush the Soviet Union economically by flooding the market with cheap oil and started exporting a lot from here and getting our buddies in the House of Saud to follow suit.  Oil was Russia's cash cow exporting to Europe and this starved them of forex.

By the 2000s, the whole world was driving carz while the oil was depleting everywher and new field weren't being discovered.  Prices began rising and there was finally profit to be made with shale oil and tar sands.  Investment capital flowed freely here with drillers taking out big loans based on expectations they would be able to get $100/bbl and more.  There were even predictions for $200+ oil.

As it turned out, the economy cracks at around the $80 mark, so any of the plays with production costs over about $70 aren't profitable.  Since there aren't many of those left, investment capital for further drilling has dried up.  However, to pay off the loans taken out to develop all the fields here, they have to keep pumping as much oil as they can out of them if there is even a sliver of profit left.  Even so, some of those loans will go south before the oil runs out completely.

Far as the wars go, there is of course always profit to be made in the arms industry, but IMHO they are all mainly economic wars for political control over territory in Israel and Ukraine, and in the case of Yemen basically just an existential crisis of a hopelessly poor country with no resources.  Nobody wants that land or the people who live there.  It does behoove the Iranians though to supply them with weapons to attack western interests.

RE