Oh, I don’t think he was questioning that. We certainly cut off their oil because of what they were already doing, but Pearl Harbor, specifically, happened because of our sanctions.
Not really. People should read that book.
Going by talks with people around at the time, as well as documents, it was shown that the Japanese intended to invade the entire southeast Asia area in the interest of, as they thought of it "Defending the Empire". What they actually meant by that was expanding the Empire. They knew the risk of doing that before they invaded Singapore, and American interests. They believed that they would win a short, surprise war against the USA, but would lose a long, protracted one. They were aware that what they were doing would result in a war with the USA. Our sanctions were expected by them, and didn't result in the war, which they had intended all along. It was a good excuse though. Hirohito signed the order to attack Pearl Harbor, and signed the declaration of war, which he instructed to be sent after the attack.
I'm sorry guys, but a lot of what we believe about this is wrong. This book is well documented.
Except the Saudis are LOWERING the price of oil in an attempt to gain back market share and to make alternative energy sources seem more expensive in comparison.
Maybe I lack understanding, but I really don't understand the drop in the markets over the last two weeks. I can understand energy stocks dropping but just about everyone else benefits from lower energy prices. Corporations' energy expenses drop, transportation/shipping costs drop and consumers are willing to spend more money because they're not spending it on gas and home heating oil. Besides, my understanding is that only 18% of U.S. oil now comes from the Middle East.
And how much does U.S. companies (Apple aside) sell to Russia?
More to the point, due to the highest US Crude Productivity in history, the Saudis keep lowering and the US keeps lowering. It's nice to have a President who understands the US diversifying Energy into alternative options gives us greater increasing leverage over old energy.
More to the point, due to the highest US Crude Productivity in history, the Saudis keep lowering and the US keeps lowering. It's nice to have a President who understands the US diversifying Energy into alternative options gives us greater increasing leverage over old energy.
In addition, even with oil pricing at about $65 a barrel, solar and wind generated power is now at production cost par with fossil files. This is a major milestone. If dropping costs there can match dropping fossil fuels, we'll finally see serious increases in their use. But no doubt, fossil fuel prices will rise again, at some point, making them even more competitive.
Is this recent fall in share prices the start of a black swan event or just a blip? The rapid collapse in oil prices seems ominous. And China is apparently falling off big time.
Now, the USA is an oil exporter, though I'm not sure how I feel about that. However, were producing almost 3.5 million ballets of oil from shake, and the cost of that is about the same as Russia's oil production cost. So as prices continue to drop our shale production is at risk. If producers cut that back, we will stop exporting, and may even begin some imports again. Hopefully not.
We'll see where our gas abundance goes.
This is not totally accurate. The US currently produces 12.3 million barrels of oil per day and consumes 18.9 million barrels per day. I wouldn't call us an oil exporter by any means, although this may happen in the future. The markets are rocked by the fact that we have increased oil production by 80% in just the last 6 years while actually lowering consumption. Therefore we are impacted much less by external forces and political regimes. http://www.eia.gov/countries/country-data.cfm?fips=US
This is not totally accurate. The US currently produces 12.3 million barrels of oil per day and consumes 18.9 million barrels per day. I wouldn't call us an oil exporter by any means...
Does the terminology not allow for a nation to use more than produces and yet still be able to export the resource?
This is not totally accurate. The US currently produces 12.3 million barrels of oil per day and consumes 18.9 million barrels per day. I wouldn't call us an oil exporter by any means...
Does the terminology not allow for a nation to use more than produces and yet still be able to export the resource?
Would you not say that the USA is a net importer? Ie, when you've totted up the imports and exports, the imports outweigh the exports.
This is not totally accurate. The US currently produces 12.3 million barrels of oil per day and consumes 18.9 million barrels per day. I wouldn't call us an oil exporter by any means, although this may happen in the future. The markets are rocked by the fact that we have increased oil production by 80% in just the last 6 years while actually lowering consumption. Therefore we are impacted much less by external forces and political regimes. http://www.eia.gov/countries/country-data.cfm?fips=US
This is not totally accurate. The US currently produces 12.3 million barrels of oil per day and consumes 18.9 million barrels per day. I wouldn't call us an oil exporter by any means, although this may happen in the future. The markets are rocked by the fact that we have increased oil production by 80% in just the last 6 years while actually lowering consumption. Therefore we are impacted much less by external forces and political regimes. http://www.eia.gov/countries/country-data.cfm?fips=US
We are exporting petroleum liquids right now. We are producing more of both than we consume. You are right that we do still import some oil, but that number is continuing to go down. I suppose I should have been clearer on that. Petroleum liquids consist of oil produced from any source, and gas. But we are right now, the largest oil producer. We are actually producing over 9.12 million barrels of oil a day. Everything else is gas. It's expected that we will produce over 13 million barrels a day by 2019.
Interestingly, I was talking to someone in Odessa (Ukraine) yesterday who was trying to buy an iPhone 6 w/ 64GB there. I think what they're getting out there are gray-market unlocked phones purchased here and sent over there, but the cost was the equivalent of $1300. And reportedly, the price bumped up so much in just one day between yesterday and today that this person can no longer afford it. From a dollars standpoint it didn't increase, but the exchange rates are terrible right now.
Is that word right? I don't know it in Russian. If you live there, you know exactly what I mean. Maybe not everybody, but it can sure seem that way sometimes.
In Google Translate that becomes a perfect sentence in English (and vice versa). Is that due to how Russian and English are constructed, or have translation services really gotten that good?
Comments
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Not really. People should read that book.
Going by talks with people around at the time, as well as documents, it was shown that the Japanese intended to invade the entire southeast Asia area in the interest of, as they thought of it "Defending the Empire". What they actually meant by that was expanding the Empire. They knew the risk of doing that before they invaded Singapore, and American interests. They believed that they would win a short, surprise war against the USA, but would lose a long, protracted one. They were aware that what they were doing would result in a war with the USA. Our sanctions were expected by them, and didn't result in the war, which they had intended all along. It was a good excuse though. Hirohito signed the order to attack Pearl Harbor, and signed the declaration of war, which he instructed to be sent after the attack.
I'm sorry guys, but a lot of what we believe about this is wrong. This book is well documented.
Nope!
Didn't Russia take down a Steve Job exhibit in protest over Cook coming out? Surely that's what this is about.
More to the point, due to the highest US Crude Productivity in history, the Saudis keep lowering and the US keeps lowering. It's nice to have a President who understands the US diversifying Energy into alternative options gives us greater increasing leverage over old energy.
Didn't Russia take down a Steve Job exhibit in protest over Cook coming out? Surely that's what this is about.
It was a statue I believe.
Russia can't stand gay people.
In addition, even with oil pricing at about $65 a barrel, solar and wind generated power is now at production cost par with fossil files. This is a major milestone. If dropping costs there can match dropping fossil fuels, we'll finally see serious increases in their use. But no doubt, fossil fuel prices will rise again, at some point, making them even more competitive.
Is this recent fall in share prices the start of a black swan event or just a blip? The rapid collapse in oil prices seems ominous. And China is apparently falling off big time.
We'll see where our gas abundance goes.
This is not totally accurate. The US currently produces 12.3 million barrels of oil per day and consumes 18.9 million barrels per day. I wouldn't call us an oil exporter by any means, although this may happen in the future. The markets are rocked by the fact that we have increased oil production by 80% in just the last 6 years while actually lowering consumption. Therefore we are impacted much less by external forces and political regimes. http://www.eia.gov/countries/country-data.cfm?fips=US
There was recently the first shipment of condensate which is the only unrefined product we have exported since the 70's. There is currently a ban on exporting unrefined oil product with the exception of condensate, however, finished products such as gasoline or diesel can be exported. http://www.bloomberg.com/news/2014-11-05/bhp-seen-shipping-first-u-s-condensate-without-ruling.html
Does the terminology not allow for a nation to use more than produces and yet still be able to export the resource?
Therefore we are impacted much less by external forces and political regimes.
The day that we can stop caring at all about monarchies, of all things, is a day that will make me happy.
This is not totally accurate. The US currently produces 12.3 million barrels of oil per day and consumes 18.9 million barrels per day. I wouldn't call us an oil exporter by any means...
Does the terminology not allow for a nation to use more than produces and yet still be able to export the resource?
Would you not say that the USA is a net importer? Ie, when you've totted up the imports and exports, the imports outweigh the exports.
We are exporting petroleum liquids right now. We are producing more of both than we consume. You are right that we do still import some oil, but that number is continuing to go down. I suppose I should have been clearer on that. Petroleum liquids consist of oil produced from any source, and gas. But we are right now, the largest oil producer. We are actually producing over 9.12 million barrels of oil a day. Everything else is gas. It's expected that we will produce over 13 million barrels a day by 2019.
http://www.latimes.com/opinion/op-ed/la-oe-1216-faulkner-fracking-opec-oil-prices-20141216-story.html
http://www.nasdaq.com/article/the-paradox-of-us-oil-production-more-drilling-but-fewer-rigs-cm423595
http://www.cnbc.com/id/102214115
As for net exporter, not yet, but in another two or three years it's likely.
Interestingly, I was talking to someone in Odessa (Ukraine) yesterday who was trying to buy an iPhone 6 w/ 64GB there. I think what they're getting out there are gray-market unlocked phones purchased here and sent over there, but the cost was the equivalent of $1300. And reportedly, the price bumped up so much in just one day between yesterday and today that this person can no longer afford it. From a dollars standpoint it didn't increase, but the exchange rates are terrible right now.
If the collapse of Russia leads to American-owned Kamchatka and Chukotka, I’m fine with that.
Me too. So many cool areas in Russia. It's too bad they are nearly impossible to visit. Ever see that nature documentary Wild Russia? Pretty good.
??????? ???? ?????? ?????????? ?????? Bitcoin ! ??? ???? ???????? ? ????????? $ 350 ? ??????? ?????????? ???????.
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Is that word right? I don't know it in Russian. If you live there, you know exactly what I mean. Maybe not everybody, but it can sure seem that way sometimes.
In Google Translate that becomes a perfect sentence in English (and vice versa). Is that due to how Russian and English are constructed, or have translation services really gotten that good?