188 comments on Declining Net Oil Exports Versus “Near Record High” Crude Oil Inventories: What is going on?
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188 comments on Declining Net Oil Exports Versus “Near Record High” Crude Oil Inventories: What is going on?
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GAIA Host Collective
Of course they will try! nobody likes being robbed. Remember Carter's doctrine though. USA will not negotiate American's way of life!
Well, I'm a believer of Yoda's preachings, so I fully agree with you: in long term, it will be bad. Something in the order of Violence generates Hate, Hate generates Fear, Fear to the dark side will lead you, hmmmm!
But it may just be enough for the USA plummet after the others. Now, this is speculation. I am not really predicting. I predict USA's reaction and this is what they will try to do. And I see a closing gap for them to do it, but it still exists. Remember that the oil market depends on the US army to be secure. Remember that!
Personal opinion: The US will lose its access to oil in the back half of the total of nations. I wouldn't venture to guess where in that back half though. It might be at the 51% mark or clear back at the end as the 100th% of the loss. But if I had to guess, I'd put the US losing its access to exported oil after roughly 2/3rds of the rest of the world has lost their access to the same. This is all seat of the pants guessing, of course, since none of us know what the future actually holds. We can only look at trends and try to extrapolate.
"The greatest shortcoming of the human race is our inability to understand the exponential function." -- Dr. Albert Bartlett
Into the Grey Zone