Quote:
Originally Posted by rkzenrage
You know that no one is going anywhere until we secure that oil... it is the reason we went there to begin with.
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Considering instabilities that now exist, low oil prices are rather surprising. Russia cuts off oil (and gas) to Europe, et al sometimes unexpectedly and even unilaterally forces renegotiation on Sakhalin Island operations. Nigeria maybe headed for civil war. Venezuela clearly wants socialism and an adversarial US. Iraq will not be stable for how many decades? Iran on a list of countries to be unilaterally attacked. The world's most busy oil bottleneck - Strait of Hormuz - centered about numerous wars and adversarial nations thereby threatening supplies from both Kuwait and Saudi Arabia. Supplies from both the Alaska North shore and North Sea diminishing at faster than expected rates. Caspian region always unstable.
What does that leave to maintain supply? American Caribbean Sea operations. Libya. A large number of much smaller producers.
Also little discussed is what maybe a major source of oil – Cuba’s west coast. Relevant because Castro may be dying.