Bidenomics

https://oilprice.com/Energy/Cr...ry-for-20-Years.html

Preliminary estimates suggested that Iraq’s Eridu oil field holds between 7-10 billion barrels of reserves. Senior Russian oil industry sources spoken to exclusively by OilPrice.com last week said the true figure may well be 50 percent more than the higher figure of that band. In either event, the Eridu field - part of Iraq’s Block 10 exploration and development region – is the biggest oil find in Iraq in the last 20 years, and Russia wants to control all of it, alongside its chief geopolitical ally, China. This is in line with Moscow and Beijing’s objective of keeping the West out of energy deals in Iraq to keep Baghdad closer to the new Iran-Saudi axis and to “end [the] Western hegemony in the Middle East [that] will become the decisive chapter in the West’s final demise,” as exclusively related to OilPrice.com. The approval last week by Iraq’s Oil Ministry for Inpex – the major oil company of key U.S. ally Japan – to sell its 40 percent stake in the Block 10 region that contains the huge Eridu discovery leaves the way clear for Lukoil to take total control of the entire oil-rich area.

More at link



Iraq’s New Oil Law Highlights The West’s Fading Middle East Influence

https://oilprice.com/Geopoliti...The-Middle-East.html

Why are western countries the only ones shilling for the end of fossil fuel usage? It is completely retarded thinking.

^^^^^. That’s because we have retards running the western countries. No offence to people with actual disabilities.

Cheap, reliable sources of energy foster independence and freedom. That's not on the agenda for the unwashed common people. The oligarchs have other plans for us.

Two observations. One, so much for "we're running out of oil." They've been saying that every decade since the 1970s. Two, this wouldn't be as much of a problem if we were allowed to develop our own oil.

quote:

Originally posted by ugeesta:
^^^^^. That’s because we have retards running the western countries. No offence to people with actual disabilities.

Depends on whether you think Zippy is a retard. He publicly said the US should be taken 'down a peg or two'. I think now that he has the US doing all the dumbest things possible to do that, he may just feel like seeing if he can totally ruin the greatest country in the world.

Truly a malevolent force, Obama is the worst disaster this country has ever faced. We had to put up with him for the first term, he got friskier in the 2nd, but the third has been truly the most devastating which, of course, we're still living through.

Apathy seems to be losing some ground. We have seen various countries around the world whose populations are now aware of the nefarious nature of their own governments. I feel like there must be Canadians out there trying to figure out how to save their country without being financially crushed. The international wave has started. We have to remain hopeful that the tide can be turned before it becomes too late.

quote:

Originally posted by egregore:
Two observations. One, so much for "we're running out of oil." They've been saying that every decade since the 1970s. Two, this wouldn't be as much of a problem if we were allowed to develop our own oil.

Hard to disagree with this.

The "Iran-Saudi axis".

That made me laugh.

quote:

Originally posted by sigspecops:
Cheap, reliable sources of energy foster independence and freedom. That's not on the agenda for the unwashed common people. The oligarchs have other plans for us.

Once upon a time we had a President who said:
“The business of America is business!”
This often repeated phrase was reported to be first said by President Calvin Coolidge, in a January 1925 speech to newspaper editors.

Now, we are 'ruled' by people who want to save the planet from fake "climate change".

Yawn, As of 30 Nov 2023, there are 1.65 trillion barrels of proven oil reserves in the world, equivalent to 46.6 times its annual consumption levels.

Every year they discover more oil.

Every year they get more efficient at taking oil out of the ground.

In the 1970's they predicted we would be out of oil by the 1990's and we would all die.