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Re:‘Stealth bailout’ shovels millions of dollars to oil comp... by sremani on Friday May 15, 2020 @03:56PM (#23196683)
83% of US energy portfolio is connected to Oil, Gas and Coal.

Either you prop energy industry now, or fight KSA's wars and ideological misadventures in ME.

For what its worth, saving ONG jobs in US at least gives us better policy options than being energy hostage.

Green tech is not there yet to pick heavy load. In the interim you need ONG.

Re:‘Stealth bailout’ shovels millions of dollars to oil comp... by wolco on Friday May 15, 2020 @04:08PM (#23196808)
Why not let the free market decide.
Re:‘Stealth bailout’ shovels millions of dollars to oil comp... by reducesuffering on Friday May 15, 2020 @04:28PM (#23197035)
It isn't a free market. OPEC+ is literally a cartel trying to gain monopolistic control over oil prices. With NA ONG bankrupt, they can proceed to gouge oil prices for the next half decade, until NA ONG can be recapitalized and operating at full capacity again. In the meantime, KSA will then be given large amounts arms and wealth to prop up their shenanigans in the ME.
Re:‘Stealth bailout’ shovels millions of dollars to oil comp... by MiroF on Friday May 15, 2020 @04:41PM (#23197147)
This is absurd. Even if domestic supply falters (i'm unconvinced we wouldn't be able to quickly turn it around if need be, as we have multiple times in the past decade), KSA is still not a major international source of US oil.
Re:‘Stealth bailout’ shovels millions of dollars to oil comp... by sremani on Friday May 15, 2020 @05:19PM (#23197562)
With shale out of the game, tar sands our of business, PDVSA heavy crude barely having an output with dilapidated INFRA, who is going to plug the hole ? When the rates were high Canada and Mexico plugged in.

I am curious, if KSA wins the price war the Nigerians, Libyans, Angolans, Russians are out of the game. Outside of Persian gulf there won't be any hefty producers.

Re:‘Stealth bailout’ shovels millions of dollars to oil comp... by MiroF on Saturday May 16, 2020 @03:33PM (#23206504)
If the KSA has the capacity and inclination to win a price war against every international competitor, it would have done so already.
Re:‘Stealth bailout’ shovels millions of dollars to oil comp... by madhadron on Friday May 15, 2020 @10:18PM (#23199898)
Easy enough to fix. Tell the Saudis that they don't get anymore hardware or support unless they sell us oil cheap, and otherwise we'll send all that support to Israel instead.
Re:‘Stealth bailout’ shovels millions of dollars to oil comp... by MiroF on Saturday May 16, 2020 @03:35PM (#23206518)
This comment shows you don't understand ME politics. KSA couldn't care less if we give arms to Israel.
Re:‘Stealth bailout’ shovels millions of dollars to oil comp... by madhadron on Sunday May 17, 2020 @02:36AM (#23210054)
So maybe Israel is irrelevant. They're a US puppet state, though, and the US could pull those strings.
Re:‘Stealth bailout’ shovels millions of dollars to oil comp... by tonyedgecombe on Saturday May 16, 2020 @07:10AM (#23202458)
I don't think the Saudi regime has much of a problem with Israel, they are more concerned about Iran.
Re:‘Stealth bailout’ shovels millions of dollars to oil comp... by Mizza on Friday May 15, 2020 @04:03PM (#23196756)
This comment is pure neoliberal death cult ideology.

Can't you even conceptualize other ways of being that don't involve a simple binary choice of imperial war or handing gobs of taxpayer cash to the companies which already profit from the extraction of natural resources?

Re:‘Stealth bailout’ shovels millions of dollars to oil comp... by dang on Friday May 15, 2020 @04:10PM (#23196833)
Please don't take HN threads further into ideological flamewar. This place is for curious conversation, not smiting enemies.

Of course it's fine to disagree with stealth oil subsidies, just not by name-calling and denunciatory rhetoric.

https://news.ycombinator.com/newsguidelines.html