WTO tariff on preditory pricing of crude oil.

synchro1 · February 14, 2015, 12:33:02 AM

A World Leader must act as a "Fair Trade Advocate"; Step forward and make a case before the member nations of the WTO, to limit the continued below cost sales of crude oil on the World Market by the "Monopoly Cartel" led by Saudi Arabia. All the importing nations need to agree to raise a tariff on the below cost oil to keep the Peace. Russia just threatened to help Iran invade Saudi Arabia, as an "Asymetrical Counter Attack" against Barack Obama's proposed lethal aid to Kiev. Russia has an arsenal of neuton bombs which might be used to irradiate Saudi Arabia's vast underground oil reserves. The "Preditory Pricing" of crude oil is anti competitive and internationally destabilizing. Nearly all the WTO members have protectionist anti-trust legislation on their books at home, on the national level, to prohibit this kind of unfair exploitation.

Pirate88179 · February 14, 2015, 12:48:03 AM

I am not sure I understand this. My take is that the Saudis are artificially lowering the price of oil to put out of business, the US companies that have now developed new ways to get more oil that were not cost-effective at the higher prices. Spokesmen for these companies have said that, they have vast reserves and...will just close down some of them until the price goes back up.

Russia, on the other hand, is reeling from this. Too bad. I see this as nothing more than the free market making adjustments. If we (The US) were oil and energy independent, then, this would not matter at all. This is why we need to drill baby drill. Also, we need to develop real solar and wind and other energy producing technologies that really work at market prices without being subsidized by taxpayer dollars.

Am I missing something here?

Bill

synchro1 · February 14, 2015, 01:00:05 AM

Quote from: Pirate88179 on February 14, 2015, 12:48:03 AM
I am not sure I understand this. My take is that the Saudis are artificially lowering the price of oil to put out of business, the US companies that have now developed new ways to get more oil that were not cost-effective at the higher prices. Spokesmen for these companies have said that, they have vast reserves and...will just close down some of them until the price goes back up.

Russia, on the other hand, is reeling from this. Too bad. I see this as nothing more than the free market making adjustments. If we (The US) were oil and energy independent, then, this would not matter at all. This is why we need to drill baby drill. Also, we need to develop real solar and wind and other energy producing technologies that really work at market prices without being subsidized by taxpayer dollars.

Am I missing something here?

Bill

@Pirate88179,

Yea, WW III.

Pirate88179 · February 14, 2015, 01:59:03 AM

Quote from: synchro1 on February 14, 2015, 01:00:05 AM
@Pirate88179,

Yea, WW III.

Quite possibly.

Bill

synchro1 · February 14, 2015, 03:17:36 AM

Quote from: Pirate88179 on February 14, 2015, 01:59:03 AM
Quite possibly.

Bill

Also, we come up the loser because North Korea will time an attack on the South to pit us against China simultainiously. This means our combined allied infantry strength will be out numbered 3 to 1 on enemy ground. The day Saudi Arabia comes under attack, the American Dollar will switch places with the Russian Ruble as the currency of decreasing value. Russia, China, Iran and North Korea together can exhaust America, along with all her allies, in a two front trench war of attrition. Timely Statecraft can avert this kind of catastrophy.