Oil will be high for a while

[philipma1957]

Donald Trump had said that the Iran war will be only over after the USA mid term elections, and I think that is a horrible decision as there are still around two months time until the USA mid term elections arrives. With Donald Trump making a lot of fake promises ever since he was elected into the white house, I also does not believe that he will be able to end the war with Iran even after the USA mid term elections has ended as he promise, I believe oil prices are just going to continue to rise to price levels which might be a new record high this year within this two months.

Donald Trump has no desire to end the Iran war.

He is looking to drive oil prices to the moon.

   Forcing USA companies to invest in Venezuela oil infrastructure while at the same time fucking all of Europe in the ass with high oil prices.  As an added bonus he will force China to pay more for oil by sinking Iranian oil tankers.

Unfortunately Trump is good at breaking shit.

I have been told Diesel hit 10$ in some places (California) in the US.
I don't know if this game will benefit the US in the end, but the journey toward victory is going to be long and painful for everyone.

well so fucking many lies, but if the actual oil reserve said to be in Venezuela is accurate Trump and his oil cronies benefit bigly by holding and developing it.

So called oil in the ground "facts"

1)Venezuela possesses the largest proven oil reserves in the world

303 billion barrels 17% of all the known oil in the world

2) USA possesses 47 billion barrels of all the known oil in the world.

303/.17 =1,782.353 billion world wide barrels

and 303+47 =350  of those 1,782 billion barrels

Saudi has   268 Billion
Iran has     209 Billion
Kuwait has 101 Billion
Iraq has     145 Billion
UAE has       98 billion

total in mid east is 821-880 billion barrels . So   break this tie it up fuck

it up

And USA/ Venezuela 350 plus Russia 80 billion is 430 billion

leaves very little for basically everywhere else.

to me the play unfolds in 5-10 years. 

China has a mere 25 billion barrels to drill

they know they are so fucked they are storing 14 billion already drilled.

their venerability for oil is huge.

So a lot of this is a play against China and of course Europe.

check this list out

https://en.wikipedia.org/wiki/List_of_countries_by_proven_oil_reserves

His move if successful will hurt

Europe
China
India
Pakistan


and belong will gain

Russia                 58 billion barrels
USA/Venezuela.  350/375 billion barrels
Canada              170 billion barrels

[STT]

Not all oil is equal, Venezuela really struggled with their high cost sour oil as it requires alot of refinement to achieve a sale price so they were involving India, China and even Iran I think in that processing.  Cuba  I think was providing doctors in exchange for the oil at one point.
   They didnt really have a full working economy from that heavy sour oil  so they might even benefit now but I wouldn't compare them to the Saudi oil reserves which are perfectly  monetized in comparison though the war has messed that up for them.

My personal bet is on natural gas for USA because its got even more available then oil if it could be used.  The AI data centres can use it and anywhere that requires alot of power in one place, the infrastructure to use it  more widely might be lacking.  Natural gas can even be used in vehicles, USA has enough natual gas reserves spare to replace every other form of energy use domestically for the next 70 years and thats alot of energy.
  It would take investment to do that but as its more bulky energy then oil or coal its best used close to where its extracted sometimes thats alongside the oil.

  The octane of natural gas vs oil or gasoline is 120, its very stable which could be good with modern engines I think.   Diesel engines can also be assisted by use of LPG  to produce more power and reduce diesel consumption I think.  Obviously heating and even aircon can be powered or almost anything via turbine usage.

[pooya87]

Saudi has   268 Billion
Iran has     209 Billion
Kuwait has 101 Billion
Iraq has     145 Billion
UAE has       98 billion

Speaking of oil reserves, there has been classified reports (some from WW3 aka Cold War era) indicating Yemen has the largest oil and gas reserves that puts all these numbers you posted here to shame. It's untouched too.

This is why 12 years ago the Epstein Axis invaded Yemen and started committing atrocities including genocide and then tried to split this country into little regions which they could control with their proxies that included al-Qaeda.

This week ended that Epstein dream though. With Armed Forces of Yemen rapidly advancing and liberating 5400 km² in matter of days kicking out the Wahhabi/Takfiri forces of the Axis and taking back the strategic cities such as al-Khawkhah and even liberating more strategic Yemeni islands in the Red Sea. Something that will help them increase their dominance in the Strait of Bab al-Mandab and enforce their retaliatory blockade on the Axis even better[1].

And since Saudi usurpers of Arabia are part of that Axis and tried to carry out airstrikes in support of their proxies, the Armed Forces of Yemen retaliated by both bombing Saudi military bases and Saudi energy infrastructure. Specifically their east-west pipeline which was obliterated in 8 strategic locations (including the pumps). That basically crippled the Saudi oil production (it hit 3 decade low) and most importantly oil export.

On top of that, the Chinese finally stopped only using their oil reserves and are now starting to buy oil. This is why the fake oil price is currently at $104 and the actual price it is being traded at is closer to $200 a barrel.

[1] I wrote a short history of the Epstein Axis conflict with Yemen and the reason for the retaliatory blockade here: https://bitcointalk.org/index.php?topic=5589562.msg66993800#msg66993800