milemuncher777
formerly kid777
- Joined
- Aug 2, 2011
- Messages
- 5,156
They are both in OPEC, they usually decide together these dissensions and this is not the first time they do it. They did the same thing against the US shale oil companies putting them out of business 3 years ago.The Sauds are also starting a full-on oil price war, after the deal with OPEC+ (Russia) to curtail production in order to inflate prices collapsed. I don’t know how much oil Iran and to a lesser extent Iraq are effectively even able to export right now, but this will compound their misery. It effectively kneecaps ME economies that require higher prices to get by.
This combined with the new pandemic is close to a worst case scenario for Iran. Even if sanctions are lifted under a new US regime, oil prices won’t rebound without SA willing to play ball.
https://www.reuters.com/article/us-...t-time-after-opec-pact-unravels-idUSKBN20V08G
They’re both in a cartel dominated by SA. They would not work against their own self interests, or approve of SA immediately offering a price discount as they have much different priorities in part due to their population/production ratios.They are both in OPEC, they usually decide together these dissensions and this is not the first time they do it. They did the same thing against the US shale oil companies putting them out of business 3 years ago.
They at least caused massive losses to them.They’re both in a cartel dominated by SA. They would not work against their own self interests, or approve of SA immediately offering a price discount as they have much different priorities in part due to their population/production ratios.
And they didn’t put US shale oil out of business.
That is not necessarily true. OPEC is not an egalitarian coalition; SA is ‘first among equals‘.They at least caused massive losses to them.
I am not disagreeing with you. Iraq and Iran wouldn't approve of anything SA decide, but if it is a decision by OPEC it means they are on board at the moment, I dont know if it is a solo move by SA or it is an synchronized OPEC move.
That chart is for crude oil!
There have been three major attempts* to undo these maps - the union of Egypt and Syria from 1958-61, the Iraqi annexation of Kuwait in 1990-91, and the ISIS campaign of 2014-2018, but their endurance is remarkable given the lack of legitimacy associated with them.
I am not sure, that this is telling us much about the region or these borders. It tells us more about rules/norms of nation-states and the international system.
Is Turkey de facto annexing more Syrian land? I’m confused about what’s going on there, and not seeing much news on it.* (a more minor successful change was made with the Turkish annexation of the Syrian province of Alexandretta/Iskenderun, modern-day Hatay, in 1939.)
Is Turkey de facto annexing more Syrian land? I’m confused about what’s going on there, and not seeing much news on it.
Israel is going to annex part of the west bank. Would UK impose sanctions just like they did against Russia?
“The signatories...point out that the UK did not hesitate to sanction Russia after the annexation of Crimea, claiming any move in the West Bank would warrant a similar response.”
Sickening.Tomb of Umayyad Caliph exhumed by militias in Syria
Militias fighting alongside the Syrian regime of President Bashar Al-Assad destroyed and desecrated the grave of the eighth Umayyad Caliph Umar Ibn Abdul Aziz yesterday, located in the north-west province of Idlib.
https://www.middleeastmonitor.com/20200528-tomb-of-umayyad-caliph-exhumed-by-militias-in-syria/
A one state solution, with equal rights for all and a right of return is and should be the just outcome. It'll likely never happen in our lifetimes, but it is the only fair solution IMO.Meh. For all intents and purposes, the two state solution is dead, perhaps nobody has done more to kill it than Netanyahu.
The Israelis may as well start more formally annexing parts of the West Bank, it will at least bring things more to a head and it will be a bit more of a struggle to hide behind technicalities regarding what they're doing.
There’s a really good documentary series on iPlayer- Once Upon a Time in Iraq, which tells the story of the Iraq war through testimonies of Iraqi civilians, soldiers and other actors in the conflict. Some really interesting testimonies.