JPM : Oil to $120 if Ukraine situation escalates. Really ?

[bobo88 + 58]

On 2/14/2022 at 3:04 PM, Eric Gagen said:

If Putin takes ANY military action, the results aren't up to him - they are up to other people. Putin may be ready to 'get back to business' after such an action, but the rest of the world, and especially not most of Europe afterwards will be very wary of doing so.  As soon as practical,  you can expect Russian exports of anything to be pulled off the market through a combination of sanctions, ending and lapsed contracts, etc.  This includes oil and gas for sale, which will cause prices to go up, because it is effectively removed from the market.  

Down deep I believe Putin just wants to improve Russian security. They feel NATO is a threat. I truly think they believe that. 

Joe thinks it's 1980 and he's fighting the Soviets . He has to go.

BIDEN IS THE PROBLEM 

He challenges Putin on every turn. Joe is Mr. Tuff Guy.  He threatens and makes demands of Putin trying to embarrass him. Biden is making it impossible for Putin to come to some compromise agreement that allow all sides to save face. Biden is killing any chance for diplomacy.

* Putin now has no choice but to go into Ukraine and save face.

* If Biden would just shut up there could have been a negotiated settlement.

* IF the Whitehouse a month ago gave Joe an ice cream cone and told him to take the month off and go to the beach house in Delaware the Ukraine conflict would have been settled now.

* Former Secretary of Defense Gates (who served both Dem and Republican Presidents ) said "Joe Biden has been wrong on every single major foreign policy decision over the last 40 years".  He said that before Afghanistan withdrawal plan diaster and now Ukraine.

* Biden is Don Quixote tilting at windmills.

 

BIDEN IS DANGEROUS 

 

 

Edited February 16, 2022 by bobo88

[bobo88 + 58]

58 minutes ago, bobo88 said:

Trying to get France to help with a mission was a first.  France wouldn't let U.S. planes fly over their country after Libya took down Pan Am plane. (even though France was a NATO member)

Then years later France didn't even wait for the UN security council vote to be finalized to send war planes toward Libya. This was France a member of NATO.  

Like I've said before NATO IS WORTHLESS. THEY JUST WANT TO SUCK OFF BIDEN'S TEAT.

Regan dropped a couple of minute man missiles on him. He  rethought his commitment to the nuke program.  Unfortunately one of his son's was killed by one. 

As for Libya. Most of the countries in the region seem to have autocratic strong men leaders.  It's about their culture I guess.  I don't know. 

 

 

Just then they came in sight of thirty or forty windmills that rise from that plain. And no sooner did Don Quixote see them that he said to his squire, "Fortune is guiding our affairs better than we ourselves could have wished. Do you see over yonder, friend Sancho, thirty or forty hulking giants? I intend to do battle with them and slay them. With their spoils we shall begin to be rich for this is a righteous war and the removal of so foul a brood from off the face of the earth is a service God will bless."

"What giants?" asked Sancho Panza.

"Those you see over there," replied his master, "with their long arms. Some of them have arms well nigh two leagues in length."

"Take care, sir," cried Sancho. "Those over there are not giants but windmills. Those things that seem to be their arms are sails which, when they are whirled around by the wind, turn the millstone."

,

 

 

[bobo88 + 58]

1 hour ago, bobo88 said:

 

 

 

Edited February 16, 2022 by bobo88

[bobo88 + 58]

1 hour ago, bobo88 said:

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Edited February 16, 2022 by bobo88

[Andrei Moutchkine + 828]

On 2/15/2022 at 1:09 AM, bobo88 said:

Respectfully disagree for reasons I stated.

Especially when that rouge state supplies your oil, natural gas and food exports.

Venezuela and Libya problems are internal . It's there own making. 

Venezuela and Libya problems are Western/US induced.

[Andrei Moutchkine + 828]

On 2/15/2022 at 3:20 AM, Eric Gagen said:

It’s been done before, with apartheid South Africa (and Germany was the country at issue then too) It could happen again.  

Here, German production actually moves into Russia. Or gets displaced by domestic alternatives.

[Starschy + 211]

In the long run Oil will not be cheaper. Rosneft created 2 weeks ago a contract with China. 80 Billion for Oil over 10 years. Even when not the max price those Chinese Oil Manager now the direction of the Oil price.

[bobo88 + 58]

On 2/15/2022 at 6:32 PM, Boat said:

30% of the refining capacity in the US is owned by foreign countries. So who are those imports going to? Venezuela not only has refineries but a huge network of gas stations. The Saudi has the largest refinery in the US and of course imports oil to export out in this part of the world. Your pulling idiot political bs rhetoric. Hell it’s the oil business and the automotive business that is the financial cornerstone of the Republican Party who’s oligarchs worked out all these foreign deals while the redneck rank and file remain ignorant of energy policy and who controls it. This bobo has no clue it’s who is in charge of the typical lies coming from the international oil patch. At this moment the world is scraping together FF energy to take Putins market. How long will it take Putin to lose that 1/2 trillion per year?

Nobody can compete with Russian gas to Europe via pipeline. 

The U.S. has to pipeline the gas to Liquification facilities, liquify it, load the LNG tanker, ship transatlantic to Germany, unload to storage facilities, re- gasify and then distribute. ALL THIS COSTS MONEY. 

Russia processes gas sends it off thru the pipeline.