I’m not sure if they even agreed to it, it would be typical for Trump to try to rub losses he has caused off on someone else.
One thing is sure, USA has lost a lot of credibility among all the GCC countries, it shall be interesting to see how much it hurts the petro dollar, because if that goes, so will an enormous amount of petro dollar investments back into USA.
it shall be interesting to see how much it hurts the petro dollar, because if that goes, so will an enormous amount of petro dollar investments back into USA.
That investment was important in the past but no more than any other country. The US isn’t really a market for their oil or gas, and while Russia is embargoed theres plenty of other countries willing to invest to secure access. Look at how well China has been doing of late with all that cheap Russian and Iranian oil.
Also, where would that investment actually go? Fracking? Greenland? Arctic? Maybe they’ll pivot to solar and Tromps dreaded wind turbines (or ‘windmills’ as he calls them, the fucking moron).
The US isn’t really a market for their oil or gas,
That is not at all what the petro dollar is about. It’s about USA ensuring the safety of the GCC countries, and in return the GCC countries are selling oil for USD, this increases international demand for USD to buy oil. GCC countries are then investing most of those dollars back into American companies. If that cycle is broken, demand for USD will decrease dramatically, and a lot of investments would disappear from USA too. Whoever buys the oil is irrelevant, as long as it is paid in USD, the petro dollar is maintained.
They’re definitely America’s mistakes, but they’re also their mistakes, the mistake being allowing US bases on their territory to be used in this war. Doubly so for Saudi Arabia and the Emirates, who actually encouraged Trump to do this.
also their mistakes, the mistake being allowing US bases on their territory to be used
Oh, so diplomacy and hosting an ally’s forces in the name of friendship is a mistake? Not to mention most of those bases were there long before Tromp was president. And, the UK and Germany and plenty of other nations also play host to US bases. Are we mistaken too?
Doubly so for Saudi Arabia and the Emirates, who actually encouraged Trump to do this.
Did they fuck. Think you need to brush up on actual facts on who encouraged what. Not that mein fuhrer needed encouragement.
And in any case, if that clown had never been elected we’d never be discussing this. And Obamas deal - which did a lot of good I might add - would still be in place.
Oh, so diplomacy and hosting an ally’s forces in the name of friendship is a mistake?
When those forces are clearly going to be used to further the ally’s imperialism it’s an immoral act (imperialism doesn’t become better when it’s “in the name of friendship”), but also that’s not what I said. I said letting Trump use the bases for his war against Iran was a mistake, since it brought Iran’s anger on them. They could’ve refused like Spain and Italy did.
Did they fuck. Think you need to brush up on actual facts on who encouraged what. Not that mein fuhrer needed encouragement.
They probably mean the GCC countries: UAE, Saudi, Arabia, Qatar, Kuwait, Oman and Bahrain.
https://en.wikipedia.org/wiki/Gulf_Cooperation_Council
And here I was hoping the “Gulf Coast” they were referring to was Florida, Alabama, Louisiana, and Texas.
Oh yeah let them pay for USs mistakes. Cos that’s better.
I’m not sure if they even agreed to it, it would be typical for Trump to try to rub losses he has caused off on someone else.
One thing is sure, USA has lost a lot of credibility among all the GCC countries, it shall be interesting to see how much it hurts the petro dollar, because if that goes, so will an enormous amount of petro dollar investments back into USA.
We live in interesting times.
That investment was important in the past but no more than any other country. The US isn’t really a market for their oil or gas, and while Russia is embargoed theres plenty of other countries willing to invest to secure access. Look at how well China has been doing of late with all that cheap Russian and Iranian oil.
Also, where would that investment actually go? Fracking? Greenland? Arctic? Maybe they’ll pivot to solar and Tromps dreaded wind turbines (or ‘windmills’ as he calls them, the fucking moron).
That is not at all what the petro dollar is about. It’s about USA ensuring the safety of the GCC countries, and in return the GCC countries are selling oil for USD, this increases international demand for USD to buy oil. GCC countries are then investing most of those dollars back into American companies. If that cycle is broken, demand for USD will decrease dramatically, and a lot of investments would disappear from USA too. Whoever buys the oil is irrelevant, as long as it is paid in USD, the petro dollar is maintained.
They’re definitely America’s mistakes, but they’re also their mistakes, the mistake being allowing US bases on their territory to be used in this war. Doubly so for Saudi Arabia and the Emirates, who actually encouraged Trump to do this.
Oh, so diplomacy and hosting an ally’s forces in the name of friendship is a mistake? Not to mention most of those bases were there long before Tromp was president. And, the UK and Germany and plenty of other nations also play host to US bases. Are we mistaken too?
Did they fuck. Think you need to brush up on actual facts on who encouraged what. Not that mein fuhrer needed encouragement.
And in any case, if that clown had never been elected we’d never be discussing this. And Obamas deal - which did a lot of good I might add - would still be in place.
When those forces are clearly going to be used to further the ally’s imperialism it’s an immoral act (imperialism doesn’t become better when it’s “in the name of friendship”), but also that’s not what I said. I said letting Trump use the bases for his war against Iran was a mistake, since it brought Iran’s anger on them. They could’ve refused like Spain and Italy did.
Source 1, source 2.
Sure? What makes you think I disagree with that?