libya oil exports' destinations

[gnk]

Re: libya oil exports' destinations

I also want to add: Libya is a huge turning point. It is the first major victory involving a strong mutual alliance between the EU and the US against Russia and China.

If the US and EU get Russia on their side - in a SHTF scenario - China is finished.

[c1ue]

Re: libya oil exports' destinations

It always has a source of oil. (Oil at any cost)

This seems to be a pretty silly statement. Anyone who is willing to pay, will have a source of oil

It allows the US to influence the price - not always, of course. Price swings influence Russia and China in different ways. A collapsing price destroys the Russian economy, but helps the Chinese economy. (That's a good thing to control if you can.)

Sounds intelligent, until you consider that Saudi Arabia, Oman, and the UAE would equally be destroyed. Sound like something they'll want to happen?

It can shut off oil to anyone challenging the US militarily in a SHTF scenario.

More curious tunnel vision.

If Somalian pirates - literally guys in speedboats with AK 47s and RPGs - can significantly affect shipping via the Suez Canal, why then is any nation with a modicum of missile technology not able to threaten the 2 million barrels per day exported from the Middle East to the US? Especially if those nations are along the way?

To maintain dollar supremacy - (the US may not have a formal gold standard - that's a fallback option - but an "oil standard" is at work here, has been since the 1970s)

More fuzziness. What exactly is dollar supremacy?

Is dollar supremacy why we're devaluing the dollar as fast as we can?

The above, in my opinion, is the ongoing policy of the US. Is it always successful? Obviously that's debatable. But if you want to maintain Superpower status, you need to be able to control the economies of your enemies, and ward off any major war. Cut them down at the knees, if need be. At best, you always have a strategic edge.

Um, ok. The US was so successful in warding off war that it brought Japan into WW II.

It brought China into Korea in 1951.

It brought China and Russia into not so covert support for Ho Chi Minh in the late 1960s/early 1970s.

Then we have Saddam and Kuwait, before that Saddam and the Ayatollahs.

The US is a large powerful country, but the characteristics you ascribe to it simply don't exist.

[gnk]

Re: libya oil exports' destinations

c1ue,

I'm not getting dragged into another insulting debate with you like in the other thread.

I have better things to do with my time.

[c1ue]

Re: libya oil exports' destinations

c1ue,

I'm not getting dragged into another insulting debate with you like in the other thread.

I have better things to do with my time.

Apparently you have time to keep repeating the same meme, but don't have time to actually defend it.

[makimanos]

Re: libya oil exports' destinations

Angola and Nigeria will receive 50% of oil revenues from China instead 20% from BP. 7,500 Chinese evacuated Libya. Expect the same
from Nigeria.

[gnk]

Re: libya oil exports' destinations

West Africa Rising: Nigeria shifting currency reserves from dollars to Chinese yuan

In Nigeria's case, the up to $3.3 billion it may convert to yuan isn't an enormous sum – not, at least, for the oil-rich exporter. What is enormous, economists say, is what the bank's decision says: The yuan, pegged to the dollar until not long ago and managed more recently to keep Chinese exports cheap -- is turning into a global reserve currency. Africa – particularly West Africa – may be China's earliest, easiest zone of success.