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Apparently the UAE is not a fan of either Trump or Iran's BS in the Conflict of Hormuz.

So was the UAE request for a cash infusion from the US a geopolitical bribe?

Was******

Trump wins again!

Americans have made a choice that cannot be fixed, again.

All one needs to do is bomb the pipeline...UAE is in a very vulnerable position. To bypass the strait, it uses the 400km Habshan-Fujairah pipeline, which transports onshore crude directly to the Gulf of Oman.

lol

Interesting update — it really shows how complex global energy and sustainability issues are today.

It’s a cartel

Isn’t the UAE a part of the Paramount/ WB deal?

What's the betting they'll be accepting € in return for their oil soon? It's not like there's much you can't buy with those funky gold-on-the-outside, silver-on-the-inside coins!

I thought that was Qatar. I bet they increase their fees/percentages since Ras Laffan got itself blowed up.

Tax the rich!

Trump always plans 6 steps ahead! That's why the catastrophes he creates always seem to get worse in ways most people never could have imagined. The Trump Oil Crisis.

And what a totally useless country they are. A few drones and they run a mile.

UAE is Israel in the Gulf region. They need more money to sponsor wars in the middle east and adrica while hiding under USA security umbrella. These are some of the wars UAE is sponsoring... Sudan, Libya, Yemen, Somalia, Mali, Chad, Niger, Burkina faso, sahel terrorist, Hamas, boko haram

But the big question for consumers is whether there will now be a free market for oil which will drive down prices. UAE wants increase production which would normally mean cheaper prices. But will it?

👍

Tx.

This is going to be a bigger problem than the current administration understands.

And they will not put more oil on the international market to counteract Iran stopping theirs, they are greedy selfish people, the worst kind of people, everyone who makes profits from the sake of oil is. 🤮🤮🤮

Hahaha so goes petro $. Now they will deal as they see fit - euro,yuan, yen etc…

they KNOW prices are going up and they dont want to be limited to how much they can produce BUCKLE UP WORLD - PRICES ARE GOING UP THANKS TRUMP

Maybe they got tired of eating the losses required to keep oil prices artificially low...? 🤷‍♂️

opec sure as hell doesn't care about "earth's interest". UAE doesn't either, but it's not like being in an oil cartel is good for the planet

👹👹👹HELLO ALL U FOSSIL FOOLS - TIME TO EVOLVE FFS!

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UAE can now produce and sell without regulations. This will have a significant impact in the oil sector.

American national interest, is it?

Whoops!

Likewise it could be why US oil and gas interests heavily supported Trump’s candidacy. Pump as much oil as possible while there is a market for it. It could explain the reckless attack on Iran. Oil prices went up. Now it is profitable to drill more in the US.

As was always the case. This will thankfully accelerate that.

OPEC is a price fixer, it's a monopoly when they're all together.

UAE gets to dump their oil in the market since they can pipe it to ports not affected by the straits.

Time to bomb UAE I guess?

Thanks, maybe it was $80 Canadian. Costs up here are probably different too, for production.

Its even lower than 40s.Especially for ,now mature Gulf offshore fields. And most of shale too.A lot of independents and medium size outfits went belly up last few crunches and were bought (with all fancy new gear) for pennies on $ by big fish.

I need to proof read, I meant over $3/ gal, but it looks like everyone got my meaning. Thanks for the responses, that's good info.

Oh wait maybe we should have exited fossil fuels fifteen years ago

Trump’s madness has worldwide repercussions

What evs Oil is OVER

Its about time.

and what is dear Jared getting out of the move?

They still have to navigate the Straight of Hormuz. Leaving for reasons other than the trump regime backpeddleing on the promises made and not kept is not a valid reason. Leaving to have complete autonomy over oil pricing seems like a more logical reason.

Beginning to think Trump is a secret renewable energy fanatic. The way and rate at which he's destroying the oil industry is truly revolutionary.

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