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(Jalopnik)   The genius way the US could hurt Russia and help you at the same time   (jalopnik.com) divider line 184
    More: Interesting, Russia, United States, Strategic Petroleum Reserve, International Politics  
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17975 clicks; posted to Main » on 04 Mar 2014 at 3:10 AM (24 weeks ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



184 Comments   (+0 »)
   
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2014-03-03 11:59:24 PM
This seems something that it's almost imaginable that President Obama might really be willing to do.
 
2014-03-04 12:02:52 AM
Too many country club buddies would lose money, and that just isn't going to happen.
 
2014-03-04 12:22:40 AM
Damn that would be sweet.
 
2014-03-04 12:28:08 AM
Interesting idea in theory.
Not sure how well it would work in execution.
 
2014-03-04 12:42:49 AM
So, of course, when time came to refill those reserves, the price that went down by pennies when we were doing it would go up by a dollar... and never come back down again.
 
2014-03-04 01:19:15 AM

twistedmetal: Too many country club buddies would lose money, and that just isn't going to happen.


You mean the same people that are screaming on TV that Obama doesn't have the balls to do anything?

It's a decent idea, and the countries that would have to go along with it aren't too interested in a resurgence of Russian regional hegemony.

I stand by my assertion that in "exchange" for Crimea, the rest of Ukraine gets fast-track NATO membership.  Russia has historically respected NATO boundaries, and this could inject a little vigor back into the old alliance.
 
2014-03-04 02:36:03 AM
scontent-a-lax.xx.fbcdn.net
 
2014-03-04 03:13:07 AM
You really think we are pumping oil into a strategic reserve?  That's what they want you to think.

There's something down there, and the oil keeps it asleep.
 
2014-03-04 03:14:51 AM
And if the Saudis don't like it, they cut production.
 
2014-03-04 03:16:15 AM
Obviously, it's not as simple as flicking a switch. President Obama would also have to consider that he'd be hurting the American oil industry at the same time, and Saudi Arabia, our Good Friends And Partners™, would have to agree to go along with this as well.

Then, not going to happen.
 
2014-03-04 03:17:31 AM
Well, the Saudis have reasons to hurt Putin too. But at the same time it is unlikely that they can pump any extra. It is a sort-of-public secret that the largest Sadui oil fields have peaked already.
 
2014-03-04 03:17:53 AM

CRIMEA RIVER!!!

 
2014-03-04 03:21:59 AM
Every time someone wants to get someone elected they propose to tap into the reserves.
 
2014-03-04 03:24:03 AM

One weird trick US President uses to hurt Russia has Vladimir Putin furious!


But once I read "hurting the American oil industry" I realized it probably wouldn't ever happen anyway.
 
2014-03-04 03:24:43 AM
Maybe a promise to limit new U.S. oil production to bring Russia around?

No threat of cutting world oil prices, just an assurance of keeping them up.
 
2014-03-04 03:25:00 AM

DreamSnipers: And if the Saudis don't like it, they cut production.


Very good point.  True for us Canadians as well.

What worries me about all this is I don't know China's stance.  They are buying from Russia in ever increasing amounts - if China doesn't participate in this proposed economic sanction, then Russia may not struggle much.

Strange situation.  Stranger that it seemed to catch everyone off guard too.
 
2014-03-04 03:26:32 AM
drive the price down $10 or 10%,
with adjusted war time costs,
This is not an oil war.
 
2014-03-04 03:28:20 AM
Are we gonna take their jerbs?

i.chzbgr.com
 
2014-03-04 03:29:27 AM
I wonder whether anybody has pointed out that the United States does not control the world's oil supply.
 
2014-03-04 03:30:20 AM

Torion!: drive the price down $10 or 10%,
with adjusted war time costs,
This is not an oil war.


Haiku fail
 
2014-03-04 03:35:09 AM

SilentStrider: Interesting idea in theory.
Not sure how well it would work in execution.


It wouldn't likely work at all. The OPEC countries would respond by cutting production to drive the price right back up.
 
2014-03-04 03:35:43 AM

calbert: CRIMEA RIVER!!!


+1 originality
 
2014-03-04 03:36:46 AM
O
 
2014-03-04 03:39:35 AM

twistedmetal: Too many country club buddies would lose money, and that just isn't going to happen.


If by "country club buddies" you mean "major US economic and strategic allies", then you're closer to the mark on why it won't happen.
 
2014-03-04 03:40:09 AM
A much more likely impact with be China saying "Naughty. Stop it". And the negotiation power of ANgela Merkel.
 
2014-03-04 03:41:00 AM

C18H27NO3: calbert: CRIMEA RIVER!!!

+1 originality


I agree... I wish I'd thought of it and posted it in a context where it wasn't even relevant.

That would have been sweet.
 
2014-03-04 03:41:54 AM
Or Germany and the rest of Europe could go back to nuclear and wean itself off of Russian gas. Thanks for Nord Stream, you fake-ass populist Gerhard Schröder. I Hope Putin paid you off in Euros for that perfidy since the ruble is tanking now. About time all of us stop propping up dictators and other illiberal assholes whose only reason for power is discovering hydrocarbons beneath their asses
 
2014-03-04 03:43:01 AM
Oh jeez...

Why are you constantly looking for ways to get out of war, America? This is what you like: A standup fight against a foreign national! The first one in 70 years. This is your chance to finally put those F-35s to use. So if you don't like what Russia is doing, level the god damn Kremlin and get it over with.

Those 3000 tanks are just sitting in a parking lot collecting rust for no reason.
 
2014-03-04 03:45:20 AM
Way too many variables that have to line up just right for it to work. A fun thought exercise, but I'd wager that's all it will be.
 
2014-03-04 03:46:59 AM
I doubt obama will ever sign off on it. And I doubt it would affect the gas prices.

Try again jalopnik.
 
2014-03-04 03:58:23 AM
Yeah, I don't see this helping out either way.  The price of oil (and gas prices at the pump) is far more driven by oil speculators than it is by existing supply and demand.
 
2014-03-04 04:01:27 AM
When questions about geopolitical instability arise an automotive website is the first place I turn for answers.
 
2014-03-04 04:02:02 AM
What you've just said... is one of the most insanely idiotic things I have ever heard. At no point in your rambling, incoherent response were you even close to anything that could be considered a rational thought. Everyone in this room is now dumber for having listened to it. I award you no points, and may God have mercy on your soul.
 
2014-03-04 04:04:41 AM

vincentfox: You really think we are pumping oil into a strategic reserve?  That's what they want you to think.

There's something down there, and the oil keeps it asleep.


Cthulhu uses oil-based.... tentacles.... NooooooOOOOOOOoooOOO!
 
2014-03-04 04:05:05 AM
Why do we need to hurt Russia? Leave Britney Putin alone!!!
 
2014-03-04 04:09:15 AM

kazikian: Why do we need to hurt Russia? Leave Britney Putin alone!!!


We just do.  Nuke 'em 'till they glow, then shoot 'em in the dark.
 
2014-03-04 04:09:21 AM

fusillade762: When questions about geopolitical instability arise an automotive website is the first place I turn for answers.


Better than turning to a website that charges $5 a month for boobies.
 
2014-03-04 04:09:27 AM
I will take solace in the fact that regardless of what path our chosen surrogate leads us down, no public servant will be put to the unpleasant task of deciding what domestic issues are more deserving of the tax dollars that will be squandered along the way.
 
2014-03-04 04:11:41 AM
Perhaps people are not understanding the concept of a "strategic reserve." It is there so we have oil to cover an emergency by which our supplies are suddenly cut off. Generally in a wartime scenario, where getting the taps turned on is going to require some fossil fuels to invade the people who turned the taps off in the first place.
 
2014-03-04 04:24:08 AM
i don't see how a broken link on fark is going to hurt russia, but what do i know...
 
2014-03-04 04:26:23 AM

Luneward: Yeah, I don't see this helping out either way.  The price of oil (and gas prices at the pump) is far more driven by oil speculators than it is by existing supply and demand.


Speculators! Drink!
 
2014-03-04 04:31:48 AM
This is a worthless idea, the amount of economic "damage" this would do is relatively inconsequential compared to the entire size of the Russian economy and it's unnecessary. The next day after Russia ordered troops into Ukraine their stock market tanked and the ruble dropped to a historic low. That's just in anticipation of economic sanctions, if real sanctions from Europe and the Americas hit them, I give them 6 months tops until they back down.

People have to realise that what Putin/the Kremlin did is already highly unpopular with his own people. Once it starts costing them money, well... we all know money is the only thing politicians really care about.
 
2014-03-04 04:32:48 AM

Luneward: Yeah, I don't see this helping out either way.  The price of oil (and gas prices at the pump) is far more driven by oil speculators than it is by existing supply and demand.


The investment banks also own not only the futures but also the reserves and refineries. Supply and demand is controlled then on both parts thus a plutocracy of investment banks controlling you rubes.
 
2014-03-04 04:33:22 AM

Atomic Spunk: Torion!: drive the price down $10 or 10%,
with adjusted war time costs,
This is not an oil war.

Haiku fail


I definitely focus too much on commas. Was more worried about the overuse of capitals versus lowercas, and an ocassional misspelling.
/oh yeah, talking back
//cannot haiku.
///->
 
2014-03-04 04:38:47 AM

zerkalo: O


Goddamn.  I'm in awe of the brilliance on display here.
 
2014-03-04 04:42:36 AM
Sorry, but I can care less. It's like 20 other conflicts going on now
/Is this about the whole "Russia gay thing"
 
2014-03-04 04:45:26 AM

drjekel_mrhyde: Sorry, but I can care less. It's like 20 other conflicts going on now
/Is this about the whole "Russia gay thing"


So that means you DO care... right?

/pet peeve
 
2014-03-04 04:47:45 AM
Apparently, someone is not very familiar with chess, not quite the same as Cand Crush.
 
2014-03-04 05:02:03 AM
Oil != Gasoline

The market is currently awash in oil, so much so that the US is exporting it to more profitable customers.

The problem is in refining capacity. We haven't built a new refinery since the 70s and the ones we do have are running near peak capacity. Gas prices would not fall if we released our reserves..

Article fails hard.
 
2014-03-04 05:07:07 AM

Rhino_man: drjekel_mrhyde: Sorry, but I can care less. It's like 20 other conflicts going on now
/Is this about the whole "Russia gay thing"

So that means you DO care... right?

/pet peeve


He can care less, but he won't because it would take too much effort, thus requiring him to care more. It could work in an implied, roundabout way. Or something.
 
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